In Korea, most medical services are covered by the National Health Insurance System except for a limited number of medical services including but not limited to beauty related plastic surgeries. Any Korean citizen admitted to the National Health Insurance System is required to normally bear no more than 20% out of total medical bills for any medical service rendered by a hospital or clinic in a fo
a. Regulation by the Korean GovernmentProfit-making activities by means of medical practices are called as “medical service.” Predominant countries in the world maintain a certain degree of statutory intervention against engagement in the medical service pursuant to relevant laws unlike any general business involving in freely transacting ordinary goods and services. Nevertheless, Korea has b
Medical technology, including diagnostic technology, has been developed in rapid pace nowadays; therefore, new health related activities in the healthcare area other than traditional medical practices may occur. For instance, a smart watch enabling to measure the heart rate would be classified as medical diagnostic equipment and thus should have obtained a regulatory approval before launching.
Regulation by the Korean governmentProfit-making activities using medical practices are called “medical service.” Predominant countries in the world maintain a certain degree of statutory intervention against engagement in the medical service under relevant laws unlike any general business involving in freely transacting common goods and services. Nevertheless, Korea has been taking a firm sta
1. IntroductionAlthough the respective systems related to health and medical service in different countries may appear to have similar characteristics, each country has adopted a slightly deviated system from others differentiated by its own history and tradition. In general, the systems related to health and medical service in the world usually consist of three components; i.e. i) ‘healt