Returning from the World Economic Forum in Davos, Switzerland, where she met with several company CEOs, South Korean President Park Geun-hye has decided to promote telehealth as a new growth engine for South Korea according to the Shanghai Daily. The president wants to see the country become a global leader in telehealth with a strong domestic use of the technology.
This is particularly fortunate for Samsung, the country’s largest group of companies, which is also said to be planning biomedicine and medical equipment to be among its growth sectors with a reported 10-year total of $22 bn (US) of investment across all its growth sectors. Samsung already produces major hospital equipment such as ultrasound and digital radiography systems, currently operates a massive hospital and cancer center in Seoul and is, of course, active in the health app market (see Samsung Galaxy S4′s S Health: fitness tracker disruptor?, TTA Mar 15, 2013). The S Health application received FDA clearance as a cardiology signal transmitter recently allowing it to interface to other medical devices in the US.
Related item: Samsung gets FDA clearance for S Health app, mobihealth news