'Saenaegi' LifeSemantics, First Non-Face-to-Face 'Consultation→Medicine Delivery'... Explosive Growth of Non-Face-to-Face Medical Platform
[Asia Economy Reporter Hyungsoo Park] LifeSemantics, a newcomer to the KOSDAQ market, is showing strong performance. LifeSemantics appears to have influenced its stock price by introducing Korea's first one-stop non-face-to-face medical service that connects 'remote consultation → prescription transmission → medicine delivery.' In Korea, non-face-to-face medical services can be temporarily provided under government guidelines and amendments to the Infectious Disease Control and Prevention Act.
As of 10:19 AM on the 26th, LifeSemantics is trading at 16,500 KRW, up 5.43% from the previous day.
LifeSemantics is a digital health technology platform provider that integrates medical information, artificial intelligence, and security technologies to enable client companies (3rd Party) to efficiently develop and stably operate digital health services and solutions in a cloud environment, based on its self-developed Personal Health Record (PHR) platform 'LifeRecord.'
LifeSemantics launched non-face-to-face services for domestic users starting January this year. Previously, in June last year, LifeSemantics received temporary approval for non-face-to-face medical services targeting overseas Koreans as the first private regulatory sandbox.
The target of LifeSemantics' DoctorCall service has expanded from overseas Koreans to domestic users, leading to a rapid increase in the number of participating medical institutions. According to LifeSemantics, as of the 23rd, the total number of medical institutions requesting participation in the DoctorCall service network reached 180. The number of participating medical institutions for the DoctorCall service targeting overseas Koreans also expanded from three, including Bundang Seoul National University Hospital, to eight.
The expansion of participating medical institutions for the DoctorCall service targeting overseas Koreans, conducted under the regulatory sandbox, undergoes consultation with the Ministry of Health and Welfare and approval from the Ministry of Trade, Industry and Energy.
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Kim Sangpyo, a researcher at Kiwoom Securities, analyzed, "The healthcare industry is not limited to the wellness industry but is expanding through models combined with IT technology and finance. Due to the steep growth of the global digital health market and the therapeutic market, the growth of industries triggered before and after non-face-to-face medical services will be greater than the market of non-face-to-face medical services itself."
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