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About KRH

home >About KRH >Background

Background

Increased social demand for advanced Health Technology(HT)

  • Demand for technological development corresponding the issues such as chronic illnesses and pandemic of communicable diseases
  • Increase in national interest in health & wellness and desire for high quality health care service

HT industry as a leading national growth factor

  • HT is a world's largest industry expecting continuous growth(annual 7.2%) and rapid growth in China and other developing countries adds rise in opportunity
  • Employment and industrial ripple effects are superior compared to other sectors
    • The investment of 1billion won yields 19.5 jobs while others average on 16.9
    • The investment of 1 illion won in HT R&D enhances 3 trillion or more increase in GDP
      (1.5 ~2 times more ripple effect than others)
“Shortage of investment even with the high quality human resources and technological advancement"

Korean hospitals have a lot of R&D growth potentials

  • High Quality Human ResourcesNational elites attend medical school, graduation rate is within top 6 among OECD countries
  • Competitive Potential of Clinical ResearchLots of patient care experience due to easy health insurance access, and relatively inexpensive cost of clinical research
  • Accessibility to High-tech EquipmentWorld’s highest level of hold on High-tech equipment. Not only CT, MRI but PET CT and cyclotron, etc
  • Digitalized HospitalMassive clinical information can be easily analyzed due to acceleration in digitalization with added IT technology

But, absence of role playing as HT Hub with poor research environment, not appealing enough to promote industry's interest

  • R&D aid for HT heavily focus on fundamental technology and new material
  • Bottleneck syndrome appears during trial, licensing and industrializing process
  • Promote private oriented industrialization, no connection to hospital needs
  • Few opportunities for collaborative research with hospitals, Difficult to determine market tendency

Need for problem solving, goal-oriented HT R&D