Fiercer completion to be seen in healthcare sector between Korea and U.S.

Competition in healthcare sector between Korea and U.S. will become fiercer as Korea’s horizontal intra-industry trade (HIIT) tends to expand, a government-funded institution said Monday.

According to data by the Korea Health Industry Development Institute (KHIDI), Korea’s vertical intra-industry trade (VIIT) is predominant as compared to HITT in its trade with the U.S. and Japan.

The lit...