[Asia Economy Reporter Yoo Hyun-seok] Korea Investment & Securities analyzed Neopect on the 29th as the only domestic remote medical rehabilitation platform company. No investment opinion or target price was provided.
On the 25th, the Ministry of Trade, Industry and Energy held a regulatory sandbox review committee meeting and approved eight private sandbox cases for the first time. Through the demonstration exception, Neopect was able to introduce remote medical services using smart gloves. Seung-yoon Jeon, a researcher at Korea Investment & Securities, said, "Neopect can provide services to 2,000 domestic rehabilitation patients over two years," adding, "With this sandbox selection as an opportunity, it will be possible to launch more diverse products and services in the domestic market in the future."
He expected that the more remote medical care is activated, the greater the opportunity for Neopect. He emphasized, "Long Life Green Care, which Neopect acquired in July last year, is the largest silver care company in Korea with 22 centers mainly in the metropolitan area," and "Especially since more than half of long-term care insurance beneficiaries are stroke and dementia patients, the company can make full use of its own products and services."
Researcher Jeon explained, "Neopect has created a favorable environment to develop better products and services through the acquisition of upstream businesses and selection as a domestic sandbox company," adding, "This year, it also launched new rehabilitation medical devices, NeoMano and Smart Balance, and is refining its remote medical platform to increase user satisfaction." He continued, "As remote medical care becomes more active, Neopect, which has already established the system, is expected to have more opportunities, so continuous interest is recommended."
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