South Korea's Health Spending Surges to Record 225 Trillion Won

Korea’s health spending more than doubles to record 225tr

South Korea’s health spending has more than doubled since 2014, reaching a record 224.99 trillion won ($163.86 billion) last year and accounting for 8.4 percent of gross domestic product. The total rose 3.8 percent from a year earlier, according to preliminary data in the National Health Accounts report released Tuesday by the National Health Insurance Service and the Ministry of Health and Welfare. That worked out to 4.35 million won per person. National health expenditure is divided into perso

By The Korea Herald