The Republic of Korea (South Korea) spends approximately USD 52.5 mil on healthcare, or ~USD 1000 per capita. The government accounts for 55.1% of total health expenditure, three- quarters of which comes from public insurance funds. Private insurance plans play a very small role (only 3% of total healthcare spend).
The public sector plays a minor role in healthcare provision: all clinics and over 90% of hospitals are privately owned. However the government runs a national insurance and reimbursement scheme – called National Health Insurance or NHI – for all working residents and dependents.