√Affordable Study in South Korea: Scholarships You Should Know

South Korea has quickly risen to become one of the most popular study destinations in Asia — not just for its cultural richness, but also for its academic excellence. Known for innovation, technology, and high-quality education, South Korea offers a world-class learning experience at an affordable cost.

For many international students, studying abroad can seem financially impossible. But South Korea has created a range of scholarships and funding opportunities that make it not only possible but surprisingly affordable to study there. Whether you’re pursuing a Bachelor’s, Master’s, or PhD, there’s a scholarship designed to help you achieve your goals.

This guide explores the best scholarships in South Korea, how to apply for them, and tips to maximize your chances of success.

Why Study in South Korea?

Before diving into scholarship details, let’s look at why South Korea is becoming a global education hub:

1. World-Class Universities: Seoul National University (SNU), KAIST, POSTECH, and Yonsei University consistently rank among the world’s best institutions.

2. Affordable Tuition: Even before scholarships, tuition fees in Korea are lower compared to countries like the U.S. or U.K.

3. Innovation and Research: As a global leader in technology and business, Korea provides a research-friendly environment.

4. Cultural Experience: Students can enjoy K-pop, traditional arts, festivals, and an unmatched food culture.

5. Safe and Modern Lifestyle: Korea offers excellent infrastructure, public transport, and student-friendly cities.

1. The Global Korea Scholarship (GKS)

The Global Korea Scholarship (GKS), formerly known as the Korean Government Scholarship Program (KGSP), is one of the most generous scholarships available for international students.

Eligibility:

• Open to students applying for Bachelor’s, Master’s, or Doctoral programs.

• Applicants must be from countries that have diplomatic ties with South Korea.

Benefits:

• Full tuition coverage

• Monthly living stipend (₩900,000–₩1,000,000)

• Round-trip airfare

• One-year Korean language course

• Settlement and medical allowance

How to Apply:

You can apply through:

• Embassy Track: Apply through the South Korean embassy in your country.

• University Track: Apply directly to a participating university.

The GKS is highly competitive but offers one of the most comprehensive funding packages for international students.

2. Seoul National University (SNU) Scholarships

Seoul National University, Korea’s top-ranked university, offers several scholarships to make studying more affordable for talented students.

SNU President Fellowship (SPF):

• For outstanding PhD candidates from developing countries.

• Covers full tuition and provides a generous living stipend.

Graduate Scholarship for Excellent Foreign Students (GSFS):

• For high-achieving international Master’s and PhD students.

• Covers tuition and includes living expenses support.

SNU also provides additional need-based financial aid, making it one of the best destinations for affordable graduate studies.

3. Korea Advanced Institute of Science and Technology (KAIST) Scholarships

KAIST is known for its strong focus on engineering, science, and innovation. It offers full scholarships for both undergraduate and graduate international students.

KAIST International Student Scholarship:

• Full tuition fee waiver

• Monthly allowance for living expenses

• Medical insurance coverage

KAIST’s programs are conducted in English, making it a great option for global learners who want to study in a high-tech environment without a language barrier.

4. Yonsei University Scholarships

Yonsei University, one of Korea’s most prestigious private institutions, offers multiple funding options for international students.

Underwood International College (UIC) Global Scholarship:

• Merit-based scholarships for undergraduate students.

• Covers full or partial tuition fees.

Yonsei Graduate Research Scholarship:

• Designed for Master’s and PhD students with strong academic achievements.

• Includes tuition support and a monthly stipend.

Yonsei’s location in central Seoul gives students access to internships, research collaborations, and international networking opportunities.

5. Korea University (KU) Scholarships

Korea University combines academic excellence with strong global partnerships.

KU Global Leader Scholarship:

• For high-achieving undergraduate students.

• Covers full tuition fees for up to four years.

KU International Students Scholarship:

• For graduate-level students.

• Offers partial or full tuition depending on academic performance.

KU’s scholarships reward academic excellence and leadership potential, making them ideal for ambitious international students.

6. POSTECH Scholarships

The Pohang University of Science and Technology (POSTECH) is a research-intensive institution offering full financial support to international students in science and engineering fields.

POSTECH International Student Scholarship:

• Full tuition coverage

• Monthly stipend for living expenses

• Research support for graduate students

POSTECH focuses on small class sizes and advanced research facilities, making it perfect for those pursuing scientific innovation.

7. Private and Corporate Scholarships

Several private organizations and corporations in Korea also fund scholarships to attract global talent.

a. POSCO TJ Park Foundation Scholarship

• For Asian students pursuing Master’s or PhD programs.

• Covers full tuition, living expenses, and settlement allowance.

b. Samsung Global Hope Scholarship

• For students from developing countries.

• Provides full tuition and a living stipend, often linked with Sungkyunkwan University (SKKU).

c. Hyundai Motor Chung Mong-Koo Foundation Scholarship

• For students in engineering, environmental studies, or business.

• Includes a stipend, mentoring, and internship opportunities.

These corporate scholarships often come with additional networking and career-building opportunities within the sponsoring company.

8. Regional and Specialized Scholarships

Several provinces and cities in Korea also offer scholarships to international students enrolled in local universities.

For instance:

• Busan Global City Scholarship supports international students studying in Busan-based universities.

• Jeonbuk Provincial Scholarship provides tuition and housing for foreign students in agricultural and environmental programs.

These programs encourage students to study outside of Seoul while enjoying a more affordable cost of living.

9. Tips to Win a Korean Scholarship

Here are a few essential strategies to strengthen your scholarship application:

1. Start Early: Begin preparing at least six months before the deadline.

2. Research Carefully: Each scholarship has different requirements; review them thoroughly.

3. Highlight Achievements: Emphasize leadership, volunteering, or research experience.

4. Strong Personal Statement: Show passion for studying in Korea and clear academic goals.

5. Language Proficiency: While many programs are in English, having TOPIK or Korean language skills gives you an advantage.

6. Recommendation Letters: Secure references from academic supervisors or mentors who can vouch for your potential.

Preparation and authenticity make all the difference when applying for scholarships.

10. Life as an International Student in South Korea

Studying in South Korea is not just about academics — it’s a full cultural and personal growth experience.

Students enjoy safe cities, efficient transport, modern dormitories, and countless opportunities to explore the country’s history and culture. You can also work part-time for up to 20 hours per week during the semester, which helps cover extra expenses.

Most universities have international offices to help with visa processes, housing, and adaptation to campus life.

11. After Graduation: Opportunities Ahead

Graduating from a Korean university opens global career pathways. International graduates can apply for a D-10 Job-Seeking Visa, allowing them to stay in the country for up to a year to find employment.

Many global corporations — such as Samsung, LG, and Hyundai — value graduates with a Korean education and cross-cultural experience.

Additionally, alumni networks from top Korean universities are strong and globally connected, helping you launch a career anywhere in the world.

Conclusion

Studying in South Korea doesn’t have to break the bank. Thanks to fully funded and partial scholarships, students from all backgrounds can access quality education in one of Asia’s most advanced nations.

From government programs like GKS to university and corporate scholarships, there are countless ways to make your dream of studying in Korea a reality.

If you’re looking for a high-quality, affordable education with a global edge, South Korea is the place to start. Explore, apply, and take the first step toward an unforgettable academic journey in the Land of Morning Calm.