Korea's Low Health Spend Set To Continue

August 2006 | Market Trend Analysis

South Korea has the lowest healthcare expenditure out of all Organisation for Economic Co-operation and Development (OECD) members. The country spent just 5.6% of its GDP on health in 2004, with average expenditure standing at 8.9%. The US leads the rankings, spending 15.3% of GDP on health, although this is due primarily to the exorbitant cost of both pharmaceuticals and healthcare in the

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