The Korean economy is undergoing fundamental structural changes, from IT sectors to bio-technology sectors. More pharmaceuticals and bio-product companies are seen in Korea’s top five companies list. Automobile, steel, shipbuilding, chemical and semiconductor companies are falling far behind pharmaceuticals, medical devices, food and beverages, and life science companies. Many traditional chemical companies are restructuring themselves as life science companies. New agro- bio-technology companies dominate the agrochemicals and seed industries. Bio-medical alliances among pharmaceutical companies, biotech-related universities, and governmental agencies are emerging as the leading power groups in decision- making processes. More financial capital has been invested in medical devices and equipment companies than in any other companies. The news media has reported a significant boost in medical tourism: ‘‘Korea is the second largest medical tourist market in Asia.’’