South Korea healthcare spending hits 216.6 trillion won in 2024

  • South Korea's health ministry and NHIS released the 2024 National Health Accounts.
  • Personal health spending rose 7.1% to 201.5 trillion won in 2024.
  • Authorities provisionally estimated 2025 current health expenditure at 225.3 trillion won.

South Korea's current health expenditure reached 216.6 trillion won in 2024, up 6.5% from 203.4 trillion won a year earlier, reversing the first annual decline since records began in 2023. Spending equaled 8.5% of gross domestic product. Personal health spending, covering inpatient care, outpatient visits and long-term care, rose 7.1% to 201.5 trillion won, exceeding 200 trillion won for the first time. Per capita current health expenditure increased 5.6% to 4.186 million won. Public funds accounted for 129.4 trillion won, or 59.7% of the total, while private funds contributed 87.2 trillion won. Outpatient care was the largest service category at 69.1 trillion won, followed by inpatient care and medical goods. Collective health spending fell as COVID-19 vaccination and disease-control outlays declined. The Ministry of Health and Welfare and the National Health Insurance Service provisionally estimate 2025 current health expenditure at 225.3 trillion won.

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