The Seoul National University Bundang Hospital and SK Telecom Co. said Monday their consortium succeeded in clinching a deal to provide a medical information system to Saudi Arabian hospitals.
The deal, worth 70 billion won (US$69.1 million), was struck with Saudi Arabia's Ministry of National Guard to provide the system to six hospitals over the next two years. The South Korean partners will also establish a joint venture with the ministry to expand sales to other countries in the Middle East. The deal is expected to bring some 300 billion won in sales over the next five years.