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The cost of living as a student in Korea simply varies on two basic facts.
1- Indigenous student, and
2- A foreign student.
We surely know that there will be a great or more difference between the cost of living as an indigenous student and a foreign student.
🔵 Firstly, There is Tuition. This is the likely the most important cost to consider as a student living in Korea. These fees varies depending on whether it’s an government universities or private owners. For government universities, the price range is usually about $20,000 a semester to $4,500. Private universities on the other hand range from about $3,000 to $7,000.
🔵 Secondly, Rent. Rent is a affordable with many different housing options available. Cost can range from $275 a month in an dormitory or goshiwon( off campus) to $1,000 as an expensive room.
🔵 Then we have Food. This is another major factor in the cost of living in Korea and it is either the second or third biggest expensive. When eating at home then spending varies around $30-$70. If you plan to eat out then expenses to be paying anywhere ranges from $3 to $20 per meal.
🔵 Transport. As a student living in Korea; public transport serves as a big concern to all or most students. Train rides or bus rides are $1 each way then probably for a month, it shouldn’t be more than $80
🔵 Lastly, Internet and phone. This varies greatly in Korea depending on how the students expects. The internet can be as low as $30 a month(100Mbps) and as high as $50 (1Gbps).
It depends on which city you are in, for example Seoul and Busan are more expensve. Daejeon for example is a bit cheaper.
Generally, Master Students receive about 300,000 to 500,000krw per month so this should probably be able to sustain the students during their stay.
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