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