Ministry blocks Chinese firm’s plan for Jeju hospital
Social affairsSept 15, 2014
South Korea’s Health Ministry rejected on Monday a Chinese firm’s plan to build the nation’s first foreign-based, for-profit hospital on Jejudo Island, citing growing doubts over its financial status and emergency medical system. China Stem Cell Health Group, or CSC, has been seeking the Korean government’s approval on the construction of the Shaner Hospital & Health Care Center on Jejudo ― an investment valued at 50 billion won ($48.4 million). But the Health Ministry decided to turn down the p