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/C O R R E C T I O N -- Korea Health Industry Development Institute/

In the news release, UAE Soldiers, To Receive Treatment in South Korea, issued 22-Nov-2012 by Korea Health Industry Development Institute over PR Newswire, we are advised by the company that the "MOU" should be read as "Memorandum of Agreement" or "MOA" as originally issued inadvertently. The complete, corrected release follows:

UAE Soldiers, To Receive Treatment in South Korea

- KHIDI Concludes MOA for Healthcare Cooperation with the UAE Military

The transference of UAE soldiers for medical treatment to South Korea is expected to kick into gear.

SEOUL, South Korea, Nov. 22, 2012 /PRNewswire/ -- Korea Health Industry Development Institute (KHIDI, President Ko, Kyung-Hwa) announced it had concluded the Memorandum of Agreement (MOA) for healthcare cooperation with the UAE Armed Forces on Wednesday, November 21st, 2012.
*Concluder: President of KHIDI, Ko, Kyung-Hwa,
UAE Armed Forces Commander-In-Chief, Mohammed Saeed Al Dhaheri

The MOA is to propel forth tangible cooperation between South Korea and the UAE Military in the healthcare industry. Henceforward, KHIDI will play the role of constructing the mechanism for business cooperation with the Korean medical institutions and other related institutions as well as adjusting the workload among each party to push ahead the healthcare cooperation with the UAE Military.
*Realm of Cooperation: Patient Referrals, Visiting Physician Program, Establishment and Support of U-Health System

Following the conclusion of the MOA, the UAE Military is expected to begin referring their patients to four Korean medical institutions. During the early stages of the agreement, around 400 patients equaling to approximately 10% of the total patients that are referred by the UAE Military annually, will receive their treatment in South Korea amounting to more than 20 billion KRW in profit.
*Samsung Medical Center, Seoul National University Hospital, Seoul St. Mary's Hospital, ASAN Medical Center
**Number of Patients Referred to Foreign Medical Institutions by the UAE Military: Approximately 4,000 Patients Annually 

President Ko of KHIDI stated, "The conclusion of the MOA is a great feat made possible over the basis of trust that was constructed through the cooperation in the healthcare industry between South Korea and the UAE during the previous year. It may also be the successful model of cooperation for the Korean Medical Industry to enter into other Middle-East Countries."

Along with the successful closure of the MOA, KHIDI is also working to formularize cooperation with the largest general medical service provider in the UAE, the Abu Dhabi Health Services Company (SEHA) and Saudi Arabia's key government organizations while planning to further expand the range of cooperation in the healthcare industry with other Middle-East Countries.
*Patient Referrals, Participation of Consigned Management of Public Hospitals, Entrance for Korean Medical Personnel, Visiting Physician Programs, Medical Technology Transfer, Export of Medical Information System, Joint Research

KHIDI, Global Healthcare Business Department
Ji-Young Yang

SOURCE Korea Health Industry Development Institute

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