South Korea is becoming one of the top destinations for international students, offering world-class universities, cutting-edge research opportunities, and strong career prospects. However, the cost of tuition and living expenses can be a concern for many students.
To make education more accessible, Korean universities, the South Korean government, and private organizations offer fully funded and merit-based scholarships for international students. This guide covers the best scholarships available, eligibility criteria, application processes, and expert tips to increase your chances of securing funding.
Why Apply for Scholarships to Study in South Korea?
✔ Tuition-Free or Low-Cost Education: Many scholarships cover full tuition, accommodation, and even living expenses.
✔ Access to Top Universities: South Korea is home to world-class institutions like Seoul National University, KAIST, and Yonsei University.
✔ Government & University-Based Scholarships: The South Korean government, universities, and private organizations offer hundreds of scholarships annually.
✔ Post-Study Work Opportunities: Graduates can apply for D-10 (Job-Seeker Visa), leading to employment and long-term residence opportunities.
✔ Cultural & Career Growth: South Korea’s global economy, high-tech industries, and research institutions provide excellent career prospects.
💡 Pro Tip: Scholarships make higher education in Korea more affordable, allowing students to focus on academic and professional growth.
Types of Scholarships in Korea for International Students
Scholarships in South Korea are categorized into three types:
Korean Government-Funded Scholarships (GKS & Other Programs)
✔ These scholarships are funded by the South Korean government to attract talented international students.
📌 Top Government Scholarships in Korea
| Scholarship Name | Degree Level | Coverage |
|---|---|---|
| Global Korea Scholarship (GKS) | UG, Master’s, PhD | Full tuition, airfare, monthly stipend |
| Korean Government Support Program for Foreign Exchange Students | UG, PG | Living stipend, tuition reduction |
| Korean International Cooperation Agency (KOICA) Scholarship | Master’s | Full tuition, living stipend, travel |
| Korean Foundation for Advanced Studies (KFAS) Scholarship | PhD | Research funding, tuition waiver |
💡 Pro Tip: The GKS Scholarship is the most prestigious fully funded scholarship, covering tuition, airfare, living expenses, and health insurance.
University-Specific Scholarships in South Korea
✔ Many Korean universities offer merit-based and need-based scholarships for international students.
📌 Best University-Based Scholarships in Korea
| University | Scholarship Name | Degree Level | Coverage |
|---|---|---|---|
| Seoul National University (SNU) | SNU President Fellowship | Master’s, PhD | Full tuition, monthly stipend |
| Korea Advanced Institute of Science and Technology (KAIST) | KAIST International Student Scholarship | UG, PG | Full tuition, monthly stipend |
| Yonsei University | Yonsei Underwood International College (UIC) Scholarship | UG | Partial to full tuition waiver |
| Korea University | Global KU Scholarship | UG, PG | Full tuition, living stipend |
| POSTECH (Pohang University of Science and Technology) | POSTECH Global Scholarships | UG, PG | Tuition, accommodation, research funds |
💡 Why It Matters? University-based scholarships significantly reduce tuition costs, making higher education in Korea more accessible.
Private & External Organization Scholarships
✔ Many foundations and organizations provide scholarships based on academic merit, research potential, and financial need.
📌 Top External Scholarships for Studying in Korea
| Scholarship Name | Provider | Degree Level | Coverage |
|---|---|---|---|
| Samsung Global Scholarship Program (Samsung GSP) | Samsung | Master’s, PhD | Tuition, research grants |
| POSCO Asia Fellowship | POSCO Foundation | UG, PG | Full tuition, living stipend |
| Korea Exchange Bank Foundation Scholarship | KEB | UG, PG | Partial tuition, living expenses |
| Hyundai Motor Chung Mong-Koo Foundation Scholarship | Hyundai | Master’s | Tuition, research support |
💡 Pro Tip: Private scholarships often offer additional benefits like research funding, internships, and career placement opportunities.
Eligibility Criteria for Scholarships in Korea
📌 General Requirements for Most Scholarships in Korea:
✔ Academic Excellence: A strong GPA (minimum 3.0 or 80%) improves chances.
✔ English or Korean Proficiency:
- IELTS (6.0-7.5), TOEFL (80+), or TOPIK (Korean Proficiency Test, Level 3-6)
✔ Statement of Purpose (SOP): A well-written essay explaining why you deserve the scholarship.
✔ Letters of Recommendation (LORs): From professors, employers, or academic mentors.
✔ Research Proposal (For PhD Applicants): Required for research-based scholarships.
💡 Each scholarship has specific eligibility criteria, so check before applying.
How to Apply for Scholarships to Study in Korea?
✔ Step 1: Research and shortlist scholarships that match your profile.
✔ Step 2: Check eligibility criteria and prepare required documents.
✔ Step 3: Submit applications online via the official scholarship portals.
✔ Step 4: Write a strong Statement of Purpose (SOP) explaining your goals, achievements, and need for financial support.
✔ Step 5: Submit all necessary documents before the deadline.
✔ Step 6: If shortlisted, attend an interview (for selected scholarships like GKS & KAIST).
💡 Pro Tip: Apply for multiple scholarships to increase your chances of securing funding.
Cost of Studying in Korea Without a Scholarship
📌 Average Tuition Fees for International Students in Korea
| Degree Level | Annual Tuition Fees (KRW) | Annual Tuition Fees (INR) |
|---|---|---|
| Undergraduate (UG) | KRW 4,000,000 - 10,000,000 | ₹2.5 - ₹6 Lakhs |
| Master’s Degree (PG) | KRW 6,000,000 - 15,000,000 | ₹3.5 - ₹9 Lakhs |
| MBA (Top Business Schools) | KRW 15,000,000 - 30,000,000 | ₹9 - ₹18 Lakhs |
📌 Living Expenses in Korea for Students
| Expense | Monthly Cost (KRW) | Annual Cost (KRW) |
|---|---|---|
| Accommodation | KRW 300,000 - 700,000 | KRW 3,600,000 - 8,400,000 |
| Food & Groceries | KRW 200,000 - 400,000 | KRW 2,400,000 - 4,800,000 |
| Transport | KRW 50,000 - 100,000 | KRW 600,000 - 1,200,000 |
💡 Total Cost (Including Tuition & Living): ₹6-15 Lakhs per year.
Conclusion
Studying in South Korea with a scholarship makes education affordable and accessible. By applying for the right scholarships, students can reduce tuition costs and secure financial aid.
