News
 International
 National
 Embassy News
 Arts & Living
 Business
 Travel & Hotel
 Medical Tourism New
 Taekwondo
 Media
 Letters to Editor
 Photo Gallery
 Cartoons/Comics/Humor
 News Media Link
 TV Schedule Link
 News English
 Life
 Hospitals & Clinics
 Flea Market
 Moving & Packaging
 Religious Service
 Korean Classes
 Korean Weather
 Housing
 Real Estate
 Home Stay
 Room Mate
 Job
 English Teaching
 Translation/Writing
 Job Offered/Wanted
 Business
 Hotel Lounge
 Foreign Exchanges
 Korean Stock
 Business Center
 PR & Ads
 Entertainment
 Arts & Performances
 Restaurants & Bars
 Tour & Travel
 Shopping Guide
 Community
 Foreign Missions
 Community Groups
 PenPal/Friendship
 Volunteers
 Foreign Workers
 Useful Services
 ST Banner Exchange
  Medical Tourism
S. Korea's Inbound Medical Tourism Revenue Exceeds Outbound in 2011: IMTJ Reports
Minister Rim Che-Min of S. Korea's Ministry of Health and Welfare

South Korea's Inbound medical tourism revenue exceeds outbound in 2011, reported Inaternational Medical Travel Jouranal (IMTJ) reported recently on its site (www.imtj.com).

In the report IMTJ reported that South Korea posted a net surplus in medical tourism for the first time ever in 2011 as medical tourists spent US $115.6 million in Korea, while Koreans spent US $109.1 million overseas on medical treatment.

Korea’s medical tourism income was just $ 59 million in 2006, but rose to $69.8 million in 2008 and $89.5 million in 2010, nearly doubling over a five-year period. In contrast, the money Korean nationals spent overseas for treatment has fallen from $ 119.1 million in 2006 to $ 109.1 million in 2011. The Bank of Korea has been producing both sets of figures since 2006.

According to the Ministry of Health and Welfare and the Korea Health Industry Development Institute (KHIDI), the number of foreign patients who visited Korea was 81,789 in 2010. The Bank of Korea predicts that at this pace, as many as 400,000 foreign patients will visit Korea by 2018 and an income of $1.34 billion dollars.

In the past, people visited Korea primarily for cosmetic surgery but 10,000 patients a year are seeking more serious surgery and medical treatment. Oriental medicine, gynecology and orthopedics in Korea are also growing in popularity among foreigners. Most come from China or Japan, and in 2011 the Korean Embassy in China issued 1073 medical tourist visas.

Abu Dhabi Health Authority has sent a second patient that needs kidney transplant to Seoul Asan Hospital. The first patient that had a vocal cord disorder was transferred to Seoul National University Hospital late last year after the agreement with four Korean hospitals; Seoul National University Hospital, Seoul Samsung Hospital, Seoul Saint Mary’s Hospital, and Seoul Asan Hospital. Abu Dhabi Health Authority will send more patients to Korea after two or three patients are sent as a trial, including the one that needs a kidney transplant.

Seoul’s seven-storey Chaum Life Center is the key national attraction in Korea for stem cell treatments. Opened in 2010 and operated by Cha Hospital, one of the larger hospitals in Korea, Chaum offers the controversial stem cell treatment. It is not legal to reproduce stem cells in Korea yet, but gambling that it will be legal soon, Chaum extracts and stores the stem cells of patients, sending them to its research laboratory in Bundang to be analyzed for the best possible treatment of likely future illnesses. Once it becomes legal, it will then be able to reproduce stem cells and use them for treatment.

Some 40% of the centre’s patients are from abroad. NFL player Terrell Owens from the United States travelled to Korea for a three-day stem cell treatment for a knee injury to Chaum last September. Patients include Arab princes and princesses and VIP patients from all over the world, including Europe, the United States, China and Japan. In 2011 it had 900 international patients, for the rather expensive treatments on offer.

Chaum Life Center and the Korea Tourism Organization are preparing to promote the treatment options that include medical checkups, sleep therapy in the only sleep capsule machines in Asia, acupuncture, tea therapy, and stem cell treatment.




 

back

 

 

 

The Seoul Times Shinheungro 25-gil 2-6 Yongsan-gu, Seoul, Korea 04337 (ZC)
Office: 82-10-6606-6188 Email:seoultimes@gmail.com
Copyrights 2000 The Seoul Times Company  ST Banner Exchange