South Korea Logs First Surplus in Health Tourism Account

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Yonhapnews.co.kr — South Korea posted the first surplus in its medical travel account in 2011 thanks to increased spending by overseas travelers seeking healthcare and medical services in the country, the central bank said Tuesday. According to the Bank of Korea (BOK), South Korea’s income from medical tourism stood at US$116 million in 2011, the highest since data started being kept in 2006. The income outpaced local residents’ overseas spending on medical travel in the same year for the first time, which amounted to $109 million. To continue reading, please click here.

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