The government will step in to support domestic biohealth corporations expected to suffer damage due to the worsening situation in the Middle East.
The Ministry of Health and Welfare and the Korea Health Industry Development Institute (KHIDI) said they will operate a "health care industry damage support center" starting on the 6th.
The ministry established and has operated a "biohealth industry tariff damage support center" within the Korea Health Industry Development Institute (KHIDI) in Apr. last year to respond to U.S.-origin tariff measures. As the situation in the Middle East has recently deteriorated and damage is expected for domestic biohealth exporting corporations and medical institutions that have entered the region, the scope of support was expanded and the center was reorganized into the "health care industry damage support center."
The damage support center will be operated by establishing a cooperation system with relevant ministries such as the Ministry of Trade, Industry and Energy and the Ministry of SMEs and Startups, and with related organizations including the Korea International Trade Association, Korea Trade-Investment Promotion Agency (KOTRA), Korea Trade Insurance Corporation (K-sure), and The Export-Import Bank of Korea.
Biohealth exporting corporations and medical institutions experiencing difficulties due to the worsening situation in the Middle East can receive consultation and support by submitting cases of damage and grievances via email (tariff@khidi.or.kr), phone (043-713-8551), or the Korea Health Industry Development Institute (KHIDI) website.
Policy Bureau Director Jeong Eun-young said, "In cooperation with relevant ministries and related organizations, we will continuously check on and support the damage situation of our biohealth exporting corporations and medical institutions that have entered the Middle East."