KT Collaborates with Russia's Largest Medical Clinic to Establish Health Screening Center

Establishing a Healthcare Belt Connecting Major Russian Cities
Collaboration Between Both Companies Expected to Yield Results Beyond Expectations

KT Group Transformation Division President Yoon Kyung-rim (right) and Medsi Group Chairperson Elena Brusilova are posing for a commemorative photo after signing an agreement at Sistema headquarters located in Moscow, Russia.

[Asia Economy Reporter Lim Hye-seon] KT is accelerating its entry into the global healthcare market.

On the 3rd, KT announced that it signed a business agreement with the private medical corporation MEDSI Group to establish health screening centers in Russia. MEDSI Group is the largest private medical corporation in Russia, operating 91 general hospitals and clinics across the country.

KT plans to speed up its entry into the global healthcare market based on its ABC (Artificial Intelligence, Big Data, Cloud) capabilities, starting with cooperation with MEDSI.

This collaboration was initiated after representatives from SISTEMA, the parent company of MEDSI and Russia's largest listed investment group, visited Korea in October last year, experienced the Korean-style health screening, and reviewed the business. Currently, Russia lacks a health screening system that allows for quick and accurate examinations. According to the '2019 Foreign Patient Attraction Performance Statistical Analysis Report' published by the Korea Health Industry Development Institute, as of 2019, 30,000 Russian nationals visit Korea annually for medical tourism.

Since November last year, the two companies have been operating a working group for healthcare business discussions. Marking this agreement as a milestone, they plan to establish Korean-style health screening centers in Russia, where medical systems are insufficient, to prevent diseases and actively develop medical services such as remote reading and medical artificial intelligence (AI) utilizing KT's digital transformation (DX) capabilities.

Additionally, both companies will conduct feasibility studies for establishing Korean-style health screening centers in Moscow and Vladivostok within this year and promote the establishment of a joint venture. Subsequently, they will seek to expand into the top 10 major cities in Russia and the Commonwealth of Independent States (CIS).

Yoon Kyung-rim, President of KT Group Transformation, said, "The medical infrastructure and know-how of MEDSI, Russia's number one medical clinic group, combined with KT, Korea's leading digital platform company’s medical DX solutions and Korean-style health screening system, are expected to create synergy beyond expectations."

This content was produced with the assistance of AI translation services.