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Medical corporations in Korea will soon be able to set up subsidiaries,... as part of
the government's efforts to promote investment. Until now, only university hospitals were
allowed to do this. The Finance Ministry announced Friday, during
a meeting presided over by President Park Geun-hye, that 850 medical corporations will
be allowed to expand their businesses to the sectors of accommodation, tourism and medical
tourism and the development of medicine, cosmetics and health food.
President Park said the best way to promote investment, without increasing spending, is
to ease regulations... and urged government officials to do that, leaving only the regulations
that are truly necessary.