Geninus-Kakao Healthcare Sign MOU for National Full-Cycle Health Management

[Asia Economy Reporter Minji Lee] Genome analysis specialist company Geninus and Kakao Healthcare announced on the 2nd that they have signed a business agreement (MOU) for full-cycle health management for the public.

The MOU signing ceremony was held at Kakao Healthcare's Pangyo headquarters, attended by Geninus CEO Woongyang Park, Kakao Healthcare CEO Hee Hwang, and key executives from both companies. Based on this MOU, the two companies plan to promote genome diagnostic services including DTC (Direct-to-Customer) and domestic and international businesses of precision medical artificial intelligence (AI) platforms.

Additionally, they plan to jointly carry out genome-related projects for genome data generation and utilization and full-cycle health management for the public. They aim to provide all necessary healthcare services to customers by developing businesses and conducting joint promotions for DTC testing services.

Geninus has experience securing 5,000 Korean datasets through HealthScan, a genetic testing service for general health checkups, in addition to its core businesses of single-cell analysis and cancer genome analysis solutions, and has also commercialized DTC testing services.

Geninus CEO Woongyang Park said, “In line with the implementation of public customized service policies based on digital technology and big data, we aim to create synergy through collaboration with Kakao Healthcare,” adding, “Starting with this collaboration, we will develop it into a healthcare platform service and data business to provide valuable services to customers.”

Kakao Healthcare CEO Hee Hwang said, “For ultra-personalized health management services through mobile healthcare, linking genome information along with clinical and lifestyle information is necessary, and we have high expectations for cooperating with Geninus, which already has diverse experience domestically and internationally.”

Meanwhile, Kakao Healthcare officially launched last March to accelerate its digital healthcare business by integrating the company's technology, digital capabilities, and user service experience from domestic IT company Kakao. Kakao Healthcare plans to support IT technologies such as data standardization and artificial intelligence (AI) necessary for development hospitals to utilize medical data to build a mobile-based digital healthcare ecosystem, and also plans to collaborate with Kakao Brain, Kakao Enterprise, and others.

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