Study and Living Cost of South Korea
Study and Living Cost In South Korea
South Korea is a developed country which has advanced in all the fields within a time span of a decade. It is one of G-20 vital economies. South Korea has gotten a well reputed and prominent image for its huge investment in education and information technology. It has raised its status from a poor country to a high-economy developed country. South Korea is the proud inventor of High revenue collecting brands such as Samsung and L-G electronics. The country’s economy benefits extremely from its educated citizens as South Korea is among one of the most educated country. Economy is one of the main reasons for the country’s good reputation in terms of travelling. There is a profound increase in amount of students choosing to study in South Korea; its economical status is the main reason for it. Wages in Korea are decided by Minimum Wage Commission on 31 March every year. The purpose of this commission is to ensure and maintain the quality of living of the laborers and workers. Students are allowed to work in Korea for 20 hours per week and minimum wage is $ 5 to 6 (US Dollar) per hour. So a student can minimally earn around a $100 US per week .However, South Korea allows its students to work for 52 hours maximum which means in accordance to your degree’s requirement the job hours might differ. A student can approximately earn $250 US per week. It’s quite affordable for a student to live in South Korea. An average meal in a campus costs around $2.5–$6 per meal. The rest cost of living includes transportation, clothes, books, phone entertainment. A high speed internet in South Korea costs around $30 US per month. Transportation depends on the city you have chosen to live in and how far or near it is to your campus and work. Students there are provided with Konkuk student card allowing them to avail discount on travelling through Bus and Metro services around the country. South Korean universities help its students in finding the right place for living as well. Many universities offer dormitories consisting of many other facilities such as libraries, study rooms and also kitchens for cooking. Apart from that there are plenty of facilities for those who want single housing facility and the cost of living vary depending upon the location and city you are living, for example Seoul is expensive most city in south Korea.
Fee packages and Scholarship
South Korean universities are less costly as compare to those in USA and Canada. Normally state universities offer US $ 3000 to US $ 6000 per semester for under graduate students. Private universities are relatively more expensive than state universities. Whereas scholarships are concerned that also depend on the university’s policy. A few universities are also giving full scholarship or a certain percentage off from tuition fee including airfare and living expenses depending on their scholarship criteria. South Korea is certainly providing a quality education and ensuring a good living standard to its foreign students, no wonder the reason behind its rising popularity among those who want to study abroad.
