The growing medical trade attracts a serious New Core economy

INTERNATIONAL: "South Korea Joins Lucrative Practice of Inviting Medical Tourists to Its Hospitals," by Choe Sang-Hun, New York Times, 16 November 2008.

You just gotta believe that South Korea is full of companies chomping at the bit to carve out empires among Asia's rising medical market as the continent ages while simultaneously growing richer.

South Korea is often a lead goose on these things.

Comments

[Matt R.]

The medical treatment I received in Korea was top notch (and 1/5th the cost of a similar test in the US).

Unfortunately, can the established R&D regime continue if revenues in the US drop? Apparently a contributing factor to high health care costs in the US is that medical companies rely on our dollar to fund their R&D.