How South Korea hopes to foster innovative healthcare

Seoul is upping its ambitions to become Asia's top biotech powerhouse through collaboration between the government and private firms.

South Korea's ambitions as a global leader in biotechnology are shifting up a gear, or so the government hopes after it unveiled a new initiative aimed at expediting the development of the innovative healthcare industry.

The initiative, known as Smart Healthcare 4.0, is an extension of the South Korean government’s broader 'fourth industrial revolution' push, which will see new technologies such as artificial intelligence and big data introduced in various Korean industries over the coming years.

“Through Smart Healthcare 4.0 we aim to create an ecosystem for the healthcare industry led by the private sector, where these companies can grow, make profits and reinvest the money into...

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