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Kakao creates healthcare division to explore digital health solution
WebKakao Corp. has created a team for healthcare business and recruited a medical specialist to explore global business opportunities with South Korea’s accredited medical care service combined with IT prowess. Korea’s lead
Actived: 7 days ago
Samsung NEXT backs U.K. healthcare startup Terra to add edge to …
WebSamsung NEXT, Samsung Electronics Co.’ subsidiary investing in startups with promising technologies in various areas, has joined a funding round of U.K. startup Terra to add healthcare big data strength to the electronics giant’s wearables.
S. Korea launches near $1 billion R&D project to foster medical …
WebSouth Korean ministries will join forces to boost the competitiveness of the medical device industry, which has drawn attention from around the world for a speedy and reliable response to the COVID-19 pandemic. The M
Korea’s healthy food brand Chunho N Care is up for grab 7 years …
WebSouth Korea’s health food firm Chunho N Care is up for sale again, seven years after it was sold to Kamur Private Equity (PE). The Korean private equity firm selected EY Hanyoung as the lead sale manager for its 58.1-percent stake in Chunho N Care. The preliminary tender is expected to kick off in July. Kamur PE first invested in the mid-size
Samsung’s Galaxy Watch7 to have blood sugar monitoring feature
WebSamsung Electronics Co.‘s Galaxy Watch is expected to feature blood sugar monitoring function as early as the second half of 2024. According to a post on Samsung Newsroom on Thursday, Hon Pak, vice president and head of digital healthcare at Samsung Electronics, recently met with advisory board members of the Samsung Health app at …
Telemedicine app Dr.Now enjoys surge in transactions during …
WebNow, a South Korean telemedicine service platform, has enjoyed a surge in transactions during the Covid-19 pandemic that has made people with less severe illness turn to contactless medical support more. The company said on Tuesday the monthly transactions of its member users surpassed 100 million won ($84,000) in August, up 40 …
InBody wins order to supply its health analyzers to U.S. Marine …
Web1 Seoul System nabs Naver Cloud deal; 2 Kakao Games sees 8% operating profit growth in Q1; 3 Hanwha Q Cells’ new U.S. solar plant begins operations; 4 Korean food giants thrive on strong overseas sales; 5 LG Electronics makes strides in display advertising business; 1 Hanwha Q Cells’ new U.S. solar plant begins operations; 2 Premium bedding gains …
Insurance coverage increases to cover some herbal medicines
WebThe Ministry of Health and Welfare announced Sunday an expansion of health insurance coverage for herbal medicines indicated for allergic rhinitis, functional dyspepsia, and four other medical conditions as part of its pilot program to get herbal drug prescriptions covered. The expansion adds six
Korean digital healthcare to leverage on data buildup for …
WebKorean B2B-focused digital healthcare companies are actively expanding their target market to include general consumers through personalized health data and non-face-to-face GP appointments and care as Covid-19 gave traction to long-stalemated telemedicine service in Korea.
Slow ageing to become new beauty trend in Korea
WebCosmetics manufacturers and retailers, meanwhile, are expected to target younger customer base for anti-ageing skin care product sale. “We have picked ‘slow ageing’ as a trend this year and will seek new brands to boost the overall slow ageing and functional skincare market,” said an unnamed official from CJ Olive Young, a health and
Sales of health drinks at convenience stores on the rise
WebFellow convenience store brand GS25 has similarly seen a shift in sales ratios from 7:3 between caffeinated and health drinks in early 2020 to 6:4 in the first quarter of 2024, indicating a pivot towards health-oriented products. Seven-Eleven also reported a 20 percent increase in sales of health drinks, including tea beverages, in the first
Food industry targets health functional food market for aging
WebAccording to the Korea Health Functional Food Association, the Korean health functional food market grew to 6.2 trillion won ($4.65 billion) in 2022, more than doubling from 2019. Projections suggest that by 2030, the market could expand to 25 trillion won due to factors driven by an aging population. Specialized companies such as Korea …
SK Networks chooses US healthcare startup LVIS as its first 2021 …
WebSK Networks Co., a rental service arm under South Korea’s third-largest conglomerate SK Group, announced on Tuesday that it will participate in $15 million series B funding for American digital healthcare startup LVIS.
KB Insurance launches health insurance product for people with …
WebKB Insurance Co. has launched KB 3.10.10 Wise Simple Health Insurance Plus, which is designed for people with relatively mild illnesses, the company said on Tuesday. The product is designed for those who have been diagnosed with chronic diseases such as hypertension, hyperlipidemia, and diabetes
LG Household successfully applies NAD+ in skincare products
WebSoth Korea’s LG Household & Health Care announced it recently hit a research milestone by successfully incorporating NAD+ ? a highly acclaimed factor for alleviating skin aging ? into skincare products. The company also said on Thursday that LG Household & Health Care hosted the inaugural LG R&D Day with the theme ‘The Future …
LG Household & Health Care acquires Physiogel’s Asia, N. America …
WebLG Household & Health Care inked the 125 million-pounds deal with Stiefel Consumer Healthcare UK Ltd, a unit of GlaxoSmithKline, to own the European dermo-cosmetics brand Physiogel’s business rights in Asia and North America, the Korean company said in a regulatory filing on Thursday. Physiogel was established by Germany …
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