South Korea’s medical background
South Korea is without doubt one of the most advanced and industrialized countries in the world, as it is home of numerous tech giants that lead to progress in a variety of fields. Koreans are eager to study from an early age, making their country one of the top-performing OECD countries in reading literacy, mathematics and sciences. Also, with this appetite for education, South Korea has the world’s most highly educated labor force within the developed countries. From 2014 to 2019, the country ranked first among the most innovative countries in the Bloomberg Innovation Index.
Besides tech giants, South Korea is also the home of advanced medicine. South Korea is offering very competitive first-world treatments for cancer, cardiac and vascular diseases and organ transplants. Also, South Korea’s medical field is also well known for offering great services in other areas such as plastic surgeries and dentistry.
The South Korean healthcare system is 94% private, and the remaining public healthcare units are usually the responsibility of the Universities.
In terms of providing treatment for patients worldwide, the Korea International Medical Association issued a report, highlighting that medical tourism has increased as a result of the foreign patient legislation law in 2009. This law enables foreign patients and their families to obtain longer-term medical visas and authorizes local hospitals to market medical tourism to foreign patients. As a result, medical tourism has become a vibrant industry, making South Korea a host country for providing quality, affordable healthcare services.