Living in South Korea
Accommodation in a university dormitory will usually be the most affordable option available to you as a Masters student in South Korea. The government estimates costs at between ₩320,000 and ₩1,075,000 (roughly equivalent to between $300 and $1000) per semester, varying depending on the number of individuals sharing a dormitory and the provision of other services such as catering.
Private accommodation will be more expensive: as much as ₩20,000,000 ($18,000) per term with substantial personal deposits also be required by some landlords. One alternative form of private accommodation is the Hasuk Jip, a form of boarding house. These can cost as little as ₩800,000 ($750) a month, but prices and facilities are very variable.
General living costs
The majority of South Korea is relatively inexpensive to live in, though prices in Seoul can be substantially higher than in other regions.
Most universities will offer affordable catering on their campuses and a meal from these facilities can cost as little as ₩2,600 ($2.50). In general, South Korea’s native cuisine will cost less than food from western restaurant franchises, but either should be affordable. The South Korean government estimates the cost of food at roughly ₩300,000 ($300) per month if predominantly using university catering.
Access to South Korea’s world-leading high-speed internet services will usually cost around ₩420,000 ($30) per month.