South Korea plans new ‘Health Town’
Published on Sep 9, 2011
South Korea has boosted its efforts to compete in the international medical tourism field with a purpose build medical city. Building on rapid growth in the market, authorities aim to attract 300,000 overseas patients by 2015. According to the Korea Tourism Organization the number of medical tourists choosing Korea for treatment is rising sharply doubling between 2008-2009 and rising a further 36% to 81,789 in 2010.
A US$830 million budget has been set for the development of purpose built Jeju Healthcare Town, which will become a North Asian medical hub. Jeju is already a popular tourist destination in Korea and it will now be at the heart of government plans to compete with market leaders India, Malaysia, Singapore and Thailand.
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