LifeSemantics Receives Approval to Extend Temporary Permit for Regulatory Sandbox on Remote Medical Services for Overseas Koreans

[Asia Economy Reporter Lee Gwan-joo] Life Semantics announced on the 3rd that it has obtained approval for the extension of the temporary permit under the Ministry of Trade, Industry and Energy's regulatory sandbox for its non-face-to-face medical service targeting overseas Koreans, the first of its kind in Korea.

Life Semantics' non-face-to-face medical platform 'Dr.Call' received the first private regulatory sandbox temporary permit for non-face-to-face medical services targeting overseas Koreans in June 2020. With this extension, the related service can be provided until September 2024.

The extension review was approved after comprehensively considering the implementation status of the business plan including business performance results, occurrence of safety accidents and compensation claims, insurance period extension, and changes in compensation plans. Dr.Call was highly evaluated for providing high-quality services verified for safety within the regulatory sandbox system and for contributing to resolving the medical blind spots of overseas Koreans during the COVID-19 pandemic.

The number of medical consultations for overseas Koreans through Dr.Call has also shown a steady increase. As of July this year, the number of users rose 185% compared to the same period last year. The company explained that positive evaluations are spreading by word of mouth through cases such as chronic disease patients dispatched as expatriates in China receiving medicines not available locally via Dr.Call, or a student undergoing chronic atopic dermatitis treatment receiving a prescription for atopic moisturizers from domestic medical staff after a non-face-to-face consultation with Dr.Call while studying abroad.

During the extension period of Dr.Call's regulatory sandbox temporary permit, Life Semantics plans to expand the service, which was previously focused on overseas expatriates and international students, to a wider range by reflecting accumulated data and improvement plans.

A Life Semantics Dr.Call representative said, “With the extension of the regulatory sandbox period, we can provide Dr.Call stably to overseas Koreans without the risk of service interruption,” and added, “We will focus on strengthening capabilities and advancing services to grow as Korea’s representative non-face-to-face medical platform.”

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