South Korea

Why South Korea?

Health system: National Health Insurance covers up to 95% of medical costs, especially for cancer, stroke, CVD and orphan disease

Reimbursement potential: 66.3% of Koreans have private insurance covering up to 90% of medical costs

Population: 60 cities of 1m+ population are within a three hour flight, accounting for 28% of global GDP

Regulatory environment: a similar regulatory approval process to Japan. In addition, they offer free consultancy services

Seamless partnerships: If a Western organisation partners with a Korean biotech they receive a grant/funding for their clinical trial

Venue

Located in the heart of Seoul, the Grand InterContinental Seoul Parnas is an ideal place becuase of its close proximity key places within the center. 

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