‘Even if Korean medical device market grows, foreign companies take most profits’ < Device/ICT < Article

‘Even if Korean medical device market grows, foreign companies take most profits’ < Device/ICT < Article
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As Korea’s medical device market grows, foreign companies profit most from such expansion, said Professor Sun Kyong of Kyung Hee University during a forum at the National Assembly Monday.&#13
As Korea’s medical device market grows, foreign companies profit most from such expansion, said Professor Sun Kyong of Kyung Hee University during a forum at the National Assembly Monday.
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Although the Korean medical device market grows rapidly, foreign companies, not domestic firms, take substantive profits, an expert pointed out Monday.

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Sun Kyung, a special professor at Kyung Hee University, said so during a forum to discuss the innovative growth of medical equipment at the National Assembly. “The domestic medical device market and the domestic businesses should grow together,” Sun said.

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Explaining major policies pushed by the Ministry of Food and Drug Safety to develop the Korean medical device industry, Sun noted that the government pushes to make the bio-industry a second growth engine following semiconductors.

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“The incumbent government puts particular emphasis on medical devices. For the industry to become the next growth engine, it should earn money,” the professor said. “However, only the domestic market grows without the corresponding growth of domestic makers, indicating it has a structure where foreign companies reap profits.”

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Noting that the government has a very optimistic scenario about the healthcare industry, including medical devices, Professor Sun pointed out there could be a pessimistic future, too, expressing concerns about the health divide caused by different income and educational levels, regions, and social classes.

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“Worldwide, cooperation between medical professionals and engineers is regarded very important in the medical equipment sector,” he said. “However, foreign companies take the lead in most cases. From now on, I hope to see more examples of Korean companies making global hit products and the whole world using them.”

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Ra Gun-ho, director of Naver Healthcare Research Institute, said if the government eases regulations a little, Korean companies will lead the global medical equipment industry at the same forum.&#13
Ra Gun-ho, director of Naver Healthcare Research Institute, said if the government eases regulations a little, Korean companies will lead the global medical equipment industry at the same forum.
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Industry executives share the concern.

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“The biggest domain of the medical equipment industry is healthcare service. So, for instance, the global sensation of ChatGPT also has a great possibility of application to healthcare,” said Ra Gun-ho, director of Naver Healthcare Research Institute. “We have the experience of grafting our meeting minute preparation program, ‘Clover Note,’ to a nursing record transfer program. As a result of using the program at Sun Chun Hyang University Hospital, it showed a 98 percent precision rate.”

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Ra explained that as recently as in early 2021, it took 15,000 hours to make a nursing record transfer program. However, thanks to the sophistication of machine learning technology, they could turn the program into voice data in 300 hours.

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“Even more interestingly, the nursing program was made by oncology department wards, but it saved the efforts of other departments, such as neurological or cardiothoracic departments, to make separate nursing programs,” he added.

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Pointing out that in domestic healthcare, current artificial intelligence technology can solve medical practices where Korean and English are mixed, he said the technology is improving so well that local governments are using it in dementia relief centers.

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However, Ra expressed concerns about protecting domestic companies in the service sector, including the medical device industry, in the future.

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“Few countries worldwide have their search engines,” Ra said. “If the government opens the way a little wider in terms of regulation, the Korean medical device and artificial intelligence industries will lead the world.”

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China bans students from enrolling in foreign online colleges

China bans students from enrolling in foreign online colleges

China’s Ministry of Instruction will no for a longer time identify online degrees from overseas schools, for each a Jan. 28 statement from the Company Center for Scholarly Exchange in Beijing. The announcement, which arrived without having see and was powerful right away, impacts Chinese pupils enrolled at international colleges who experienced been studying on the internet in their property state. These afflicted pupils are now scrambling to make vacation arrangements to attend their abroad institutions in person or are in look for of exemptions.

Some learners, educators and analysts welcomed the news as an possibility to open extra in-person intercontinental exchanges. But others fret that the Chinese government’s knowledge of on line training lacks nuance.

The news arrived on the heels of the country’s the latest reversal of its rigid zero-COVID policies. For in excess of two several years all through the COVID-19 pandemic, Chinese college students experienced been permitted to enroll in online worldwide degree applications on a temporary foundation.

“At existing, the borders of important research places have been opened, and establishments outside the house the nation have absolutely resumed offline training,” the heart wrote in the assertion (translation delivered by Google Translate). The motion was important to “maintain educational fairness,” according to the statement.

Just before the pandemic, the Chinese Ministry of Training had “never” acknowledged on the web distance mastering in location of review abroad plans, and these programs will “never be identified in the extended operate,” in accordance to Jon Santangelo, a spokesperson for the Beijing Abroad Research Support Association and China Alliance, who provided a translation of a statement launched by Chinese secretary typical Chenxing Sang.

“China is a incredibly major market—not just in phrases of international college students coming to the U.S. but also in options for U.S. universities to supply on line degrees in China,” Jenny J. Lee, professor of academic policy scientific tests and apply at the University of Arizona, mentioned. “They want to better control the good quality of training that’s currently being delivered.”

Missing Nuance

The Chinese federal government has justified its ban on worldwide on line packages as vital to ensure excellent.

“Some organizations defrauded pupils with distance-discovering programs that ended up packaged as Ministry of Education–recognized, international diploma packages,” Sang wrote in the translated statement. “Students must take their classes on-site in mild of the announcement, or their diploma will not be identified. If learners are admitted via traditional plans but total their coursework on line, they must switch to on-site studying as quickly as possible.”

The government’s target on purging bad actors from its higher ed landscape is reasonable, according to analysts, while several would like to see additional nuance in the ministry’s distinction involving in-individual and on the net courses.

“If you say, ‘You completely simply cannot participate in any on line encounter at a U.S. university,’ that is actually compromising quality,” stated Brad Farnsworth, principal of Fox Hollow Advisory, which advises higher education and learning establishments on global technique. “There are occasions wherever you may well really want to be on the net.” Earlier, Farnsworth served as vice president for world-wide engagement at the American Council on Schooling. Trustworthy U.S. establishments maintain their on-line and encounter-to-deal with courses and diploma applications to the identical standards, he mentioned.

Philip Altbach, exploration professor at the Boston College or university Centre for Worldwide Increased Education and learning, speculated about the influence of the ban within China.

“This might be an work to flush some nonprestigious on the web universities out of the market or to encourage Chinese learners that they can do just as well at a home college,” Altbach reported. “But there are issues, as always, with the way the Chinese authorities do factors.”

Scrambling Pupils

On Jan. 28, the inbox of Amanda White, associate professor of accounting at the College of Technology Sydney in Australia, was flooded. Her on the internet Chinese learners sought aid in generating sense of the information. With courses established to start in months, White was eager to assist. In an apparent acknowledgment that her pupils have been not the only kinds with issues, the Chinese govt unveiled an additional assertion the pursuing day—on Jan. 29—with answers to usually questioned questions about the advancement.

“I count on—with hope—the adequacy of Google Translate,” White said of her efforts to parse the language in the Jan. 29 statement. At very first, she questioned irrespective of whether her university required to answer on behalf of the students. But she soon discovered that “the onus is on the college student, who have to gather all their evidence and utilize for an exemption.”

Starting in the spring 2023 semester in the Northern Hemisphere—which is the autumn semester in the Southern Hemisphere—the center will no for a longer time provide accreditation solutions for overseas on the web diplomas. Learners who are not able to secure an in-man or woman spot at their abroad higher education, those people who are in their very last semester of a degree program and individuals whose on-line faculties are in Ukraine or Russia, provided the war, may implement for exemptions, according to the memo.

Numerous of White’s students are keen to return in individual, so White is performing to open up new sections of face-to-experience courses.

“Many have commented that learning on the internet, primarily not in their indigenous language, is extra hard than when they’re not immersed in lifestyle and language,” White explained.

But some who are eager to go to in person remain uncertain about their plans. Securing inexpensive flights for unique dates on limited recognize has been tricky. Sydney’s rental housing current market is also tight. And arranging interviews for essential scholar visas can take time, White reported.

In the meantime, college students who have utilized for exemptions await information of their requests, which will be considered on a case-by-scenario basis.

Shifting Instances

The United States has lengthy been a top spot for Chinese learners seeking to examine abroad. Just before the pandemic, in the 2019–20 tutorial yr, a lot more than 370,000 Chinese college students studied in the United States, according to Open Doorways, a U.S. State Department info portal. That amount sank, because of in portion to pandemic vacation limitations, to somewhere around 317,000 students in the 2020–21 academic yr. Then it sank yet again to around 290,000 pupils in 2021–22.

At the exact time, the United States has faced escalating levels of competition, which includes from Australia, as a vacation spot for Chinese college pupils. In new a long time, Australia professional equivalent declines in the selection of Chinese learners who headed Down Underneath for increased training. But the proportion of Chinese college students studying in Australia relative to the sizing of Australia’s population (around 116,000 Chinese students amongst 26,290,000 Australians) is a lot more robust than the analogous proportion for the United States (somewhere around 317,000 Chinese learners between 334,000,000 People).

“The criticism of the U.S. is relentless in the Chinese media, and Chinese families are considering irrespective of whether the U.S. seriously is the most effective place to go,” Farnsworth claimed. Inside of Larger Ed reached out to various U.S. faculties to inquire about their encounters in this regard, but none ended up equipped to respond right before the deadline.

China’s ban on on the internet abroad faculties normally takes position amid climbing geopolitical tensions with the United States. The pressure flared not too long ago when a Chinese balloon entered U.S. airspace, prompting the United States to shoot it down on fears that it was meant to surveil.

Global training exchanges, irrespective of whether in individual or on-line, have generally sought to foster ties between nations around the world, even when relations are frayed. In this sense, restricting exchange courses, particularly in this Zoom-enabled, balloon-shooting era, issues some.

“I’m anxious that China will put ‘closing cooperation with the U.S. in larger education’ on a decoupling agenda, which would be terrible for both of those international locations,” Farnsworth mentioned.