Heading to Korea for your studies? Understanding the cost of living in a new country can be a task. This blog breaks down the essential expenses you'll have to manage as an international student in Korea, from accommodation and food to transportation and leisure activities. Understanding the cost of living in Korea will help you manage your budget effectively and enjoy your educational journey without financial stress.
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Why study in Korea as an international student?
Studying in Korea as an international student offers numerous benefits that make it an attractive destination for higher education. Here are some key reasons why many international students choose Korea:
High-quality education: Korean universities are renowned for their academic excellence, particularly in fields such as technology, engineering, and business. Institutions like Seoul National University, KAIST, and Yonsei University rank highly on global scales.
Innovative research opportunities: Korea is at the forefront of technological innovation, offering students opportunities to engage in cutting-edge research and development projects.
Scholarship programs: The Korean government and universities offer a variety of scholarships specifically for international students, helping to ease the financial burden and making education more accessible.
Cultural experience: Korea has a rich cultural heritage and a vibrant modern culture, from traditional music and art to K-pop and K-drama. Students can immerse themselves in this unique cultural blend while studying.
Global network: Korean universities host a diverse student body from around the world, allowing for the creation of a global network of friends and professional contacts.
Employment opportunities: Korea is home to major global companies like Samsung, Hyundai, and LG. Studying here can open doors to internships and job opportunities in these leading corporations.
Safe and dynamic lifestyle: Korea is known for its safe environment and high quality of life. Cities like Seoul and Busan offer a dynamic lifestyle with a mix of modern conveniences and historical sites.
Affordable living costs: Compared to other popular study destinations, Korea offers a relatively affordable cost of living, making it a more economical option for many students.
Cost of studying in Korea for international students
Here are the detailed approximate costs of studying in Korea for international students. It is recommended to check the actual tuition fee on the official website of your preferred university for up-to-date information as the cost may vary depending on the institution.
Degree level | Tuition fees (KRW) per year (approx.) | Tuition fees (INR) per year (approx.) |
|---|---|---|
Undergraduate | 4,000,000 - 6,500,000 | ₹2,50,000 - ₹4,10,000 |
Master's | 5,000,000 - 7,500,000 | ₹3,15,000 - ₹4,70,000 |
Doctoral (PhD) | 6,000,000 - 8,500,000 | ₹3,75,000 - ₹5,30,000 |
Cost of living in Korea for international students
Here is the breakdown of the cost of living in Korea for international students. The cost may vary depending on which city, transportation, and other things you choose:
Expense category | Average monthly cost (KRW) | Average monthly cost (INR) |
|---|---|---|
Accommodation | 400,000 - 800,000 | 25,000 - 50,000 |
Food | 300,000 - 500,000 | 18,750 - 31,250 |
Transportation | 50,000 - 100,000 | 3,125 - 6,250 |
Utilities (electricity, water, etc.) | 50,000 - 100,000 | 3,125 - 6,250 |
Internet and Mobile | 30,000 - 50,000 | 1,875 - 3,125 |
Health Insurance | 100,000 | 6,250 |
Miscellaneous (entertainment, shopping, etc.) | 100,000 - 200,000 | 6,250 - 12,500 |
Work opportunities for international students after studying in Korea
Studying in Korea can open a wide range of work opportunities both within Korea and internationally. Here are some key areas where international students might find opportunities:
1. Corporate sector:
Multinational companies:
Korea is home to major multinational companies such as Samsung, Hyundai, and LG. Graduates with degrees in engineering, business, finance, and marketing may find opportunities in these global giants.
Korean companies abroad:
Many Korean companies have operations around the world, providing opportunities for graduates to work internationally while leveraging their knowledge of Korean culture and language.
2. Technology and innovation:
IT and software development:
Korea is a leader in technology and innovation, offering numerous opportunities in IT, software development, and cybersecurity.
Startups:
Seoul's dynamic startup ecosystem provides opportunities for entrepreneurs and those interested in working with innovative new companies.
3. Education and research:
Teaching:
Graduates can teach English or other subjects at Korean schools, universities, or private institutions.
Research positions:
Universities and research institutions often offer positions for those with advanced degrees, particularly in fields like engineering, sciences, and humanities.
4. Cultural and creative industries:
Entertainment and media:
Korea's booming entertainment industry, including K-pop, film, and television, offers roles in production, marketing, and management.
Cultural exchange programs:
Organisations that promote cultural exchange between Korea and other countries often seek individuals who understand both Korean culture and their native culture.
5. Tourism and hospitality:
Tourism management:
Korea's tourism industry is growing, creating opportunities in hotel management, travel agencies, and event planning.
Culinary arts:
With the global popularity of Korean cuisine, there are opportunities in culinary arts and restaurant management both in Korea and abroad.
6. Government and international organisations:
Diplomacy and international relations:
Graduates may work with embassies, consulates, and international organisations, leveraging their understanding of Korea.
Non-profit organisations:
Many international NGOs and non-profits operate in Korea, focusing on issues ranging from human rights to environmental sustainability.
Tips for finding jobs in Korea for international students
Language skills: Proficiency in English can significantly enhance job prospects. Many employers value bilingual or multilingual employees. It is recommended to take an IELTS test to have good English skills.
Networking: Building a professional network through internships, university events, and online platforms like LinkedIn can help in finding job opportunities.
Job portals: Use Korean job portals and international job search websites to find suitable positions.
Career services: Take advantage of university career services that offer job placement assistance, resume workshops, and interview preparation.
Affordable cities to live in Korea
Here are some of the most affordable cities to live in Korea for international students:
Daegu
Gwangju
Daejeon
Incheon
Ulsan
Jeonju
Gyeongju
Chuncheon
Cheongju
Wonju
Hope this blog helps you understand the cost of studying and living in Korea. If you are also planning to study in this amazing country and want to increase your chances of getting accepted at the top universities then consider taking an IELTS test.
Also, if you want to know or have any questions related to the IELTS test, then you can consider getting in touch with your nearest IDP IELTS test centre. Our team of IELTS experts will clear up all your doubts.