According to Pulse by Maeil Business News Korea,
South Korea will spend some 1 trillion won ($891 million) for six years from 2023 on collecting health-related big data from patients by disease and volunteers and establishing a national digital library on health data by 2028.
Finance Minister Hong Nam-ki said Wednesday the government will establish the so-called Bio Data Dam by 2028 by collecting biohealth information from 1 million people, including some 400,000 patients.
To facilitate safe and secure handling of bio big data, the government said it will establish a standard operating procedure (SOP) for standardization of big data and quality control, while establishing a platform, and a supercomputing-based security analysis environment, Hong said at a government meeting on innovative growth.
The government will also support data-based research projects such as clinical trials, epidemiology, and multiomics, as well as and industrialization projects such as business model development, and development of core genome analysis technologies and equipment.
The government will also focus on fostering strategic areas and creating an industrial ecosystem to achieve its goal to transform the country into one of the world’s top seven players in the global medical device market by 2025.
In order to revitalize the use of domestic medical devices, two additional hospital-affiliated education and training centers will be built, followed by two wide-area centers, and a digital health test bed and medical technology using innovative medical devices will be quickly included in the health insurance system.
The government said it plans to carry out full-cycle research and development projects in key areas such as in vitro diagnosis, dentistry and medical imaging, and establish one international medical device certification support center to back local companies in their advance into overseas markets.
By Minu Kim
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Source: Pulse by Maeil Business News Korea (May 26, 2021)