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Specifics of Sustainable Development of Medical Tourism in South Korea

In: Finance, Economics, and Industry for Sustainable Development

Author

Listed:
  • Artur V. Kuchumov

    (St. Petersburg State University of Economics)

  • Polina Yu. Eremicheva

    (St. Petersburg State University of Economics)

  • Ilia V. Bogrov

    (Saint-Petersburg University of Management Technologies and Economics)

Abstract

This article discusses the experience of medical tourism development in South Korea. The goal of the work lies in analyzing the specifics of medical tourism and identifying features of its sustainable development in the country under consideration. The research assumes exploration of specifics of the demand for medical and wellness services, analysis of the statistical metrics, and detection of the changes in the evolution process. This work emphasizes imperfect aspects of the system bordering the steady positive trends. It reveals a noticeable contrast between the potential and demand, proficiency in application of advanced technologies, high quality of education, and unequal allocation of the human resources. The authors use a wide spectrum of information analysis methods, disclosing some additional qualitative arrangements for promoting medical tourism as one of the leading niche tourism options in South Korea.

Suggested Citation

  • Artur V. Kuchumov & Polina Yu. Eremicheva & Ilia V. Bogrov, 2024. "Specifics of Sustainable Development of Medical Tourism in South Korea," Springer Proceedings in Business and Economics, in: Anna Rumyantseva & Hod Anyigba & Elena Sintsova & Natalia V. Vasilenko (ed.), Finance, Economics, and Industry for Sustainable Development, pages 451-463, Springer.
  • Handle: RePEc:spr:prbchp:978-3-031-56380-5_40
    DOI: 10.1007/978-3-031-56380-5_40
    as

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