(2) Long Term Care in Korea
In July 2008, Korea introduced social insurance forlong-termcare. There are several
important demographic and social changes leading to the introduction of long-termcare
(LTC) insurance, including the rapid ageing of population as a result of the increase in life expectancy and the sharp decline in fertility. Total fertility rate is below 1.1 in 2005 (NSO,2007).
increase.
If this situation is continued, account of health insurance will have a deficit.
Korean use seventy or eighty millions of money as medical cost all their life and half of their medical cost is used after 65-years-old.
Korea face an aging-society, so economic action of man in the prime of life is very important. Therefore, we need countermeasures about increasing medical cost.
insurance market was made accessible to liability and property insurance companies.
● There are certain important factors behind this quick rise ofautomobile insurance industry of South Korea like sudden increase in use of cars in South Korea and mandatory automobile liability insurance policies.
● In 2005 auto insurance industry in South Korea amounted for 35.2 percent of direct premium
2. Private management about pension assets(AFP)
AFP is private company established for management ICA and property investments. Subscribers can choose AFP freely and move to other AFP accounts. AFP is fully restricted by SAFP(Superintendency of Pension Administrators).
The main character of AFP is shown as follows.
- AFP is restricted by SAFP
- AFP can only manage pension assets.
1. Introduction
As the computer technology like internet has been developing, many medical images and data related in medical is being applied to medical service for a diverse range of service such as diagnosis, management and treatment. A format of medical information and the standardization of the process of exchange are needed to control to enormous amount of information and exchange it.