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Volume: 5 Issue: 4
(April 2018)

Keywords:
south koreas big data plan healthcare 9 february 2018 ministry trade industry energy (‘motie republic korea (hereafter ‘korea announced ‘bio-healthcare

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south korea

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South Korea’s Big Data plan for healthcare

On 9 February 2018, the Ministry of Trade, Industry and Energy (‘MOTIE’) of the Republic of Korea (hereafter ‘Korea’) announced the ‘Bio-Healthcare Industry Development Plan Based on Medical Big Data,’ which aims to aid the development of customised medicines and medical devices and support innovative healthcare services by utilising the vast amounts of medical data produced by hospitals. Keun Woo Lee, Partner at Yoon & Yang LLC, discusses the details of the Plan, which aims to create new jobs, reduce medical costs, and improve public health in Korea in response to the challenges presented by the fourth industrial revolution. Keun Woo Lee also sheds light on how the current legislation surrounding medical services and personal health information in Korea will need to change in light of MOTIE’s Plan.

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