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Cheap Schools and Universities in South Korea for Master’s Degree and Their School Fees

When considering higher education abroad, South Korea has become a popular destination for students from all over the world. Known for its rigorous academic environment and cutting-edge research facilities, it’s an attractive option for those looking to pursue a Master’s degree. However, studying overseas can be quite expensive, and that’s why finding cheap schools and universities in South Korea can be a game-changer for international students. 

In this blog post, we’ll dive into some of the most affordable institutions in South Korea that offer Master’s programs and discuss their respective school fees. So, if you’re interested in furthering your education in South Korea without breaking the bank, keep reading!

Criteria For Master’s Degree Admission At South Korea

Gaining admission for a Master’s degree in South Korea requires meeting certain criteria, which may vary slightly depending on the university. Here’s a general list of requirements international students should be aware of:

  • Language Proficiency: For programs taught in Korean, evidence of proficiency in the Korean language is usually required, often through the TOPIK (Test of Proficiency in Korean). For English-taught programs, a valid TOEFL, IELTS, or equivalent English proficiency test score is necessary.
  • Application Form and Fee: A completed application form along with the required non-refundable application fee must be submitted by the deadline.
  • Statement of Purpose: A well-written statement of purpose that outlines the applicant’s academic interests, career goals, and reasons for choosing the specific program and university.
  • Letters of Recommendation: Typically, two or more letters of recommendation from academics or professionals familiar with the applicant’s academic or work performance.
  • Transcripts: Official transcripts from all post-secondary institutions attended.

Meeting these criteria does not guarantee admission, as many South Korean universities also consider the applicant’s academic performance, research potential, and extracurricular achievements.

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Cheap Schools and Universities in South Korea for Master’s Degree and Their School Fees

Below you can find Cheap Schools and Universities in South Korea for Master’s Degree and Their School Fees.

1) Seoul National University (SNU)

Seoul National University (SNU), despite its status as the leading institution in South Korea, presents an unexpectedly affordable option for international students aiming to pursue their Master’s degrees. Tuition fees for these programs range from approximately 2,000 to 4,500 USD per semester, positioning SNU as a high-value choice for those seeking quality education without the steep costs often associated with top-tier universities.

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SNU’s commitment to providing accessible education extends to its wide array of English-taught programs, catering especially to students in Engineering, Business, and Sciences.  

Estimated Tuition Fee: 2,000 to 4,500 USD per semester

2) Korea University

Korea University stands out as an esteemed institution that offers a remarkable balance between cost and quality for its Master’s degree programs. With tuition fees ranging from approximately 3,000 to 5,000 USD per semester, it provides an economically viable option for students desiring a reputable education in South Korea.

Known for its strong emphasis on research and innovation, Korea University caters to a broad spectrum of academic disciplines, including Humanities, Law, Business, Science, and Technology. The university prides itself on a rich academic culture that fosters intellectual growth, critical thinking, and global competitiveness among its students.

It also boasts a variety of scholarships and financial aid options aimed at reducing the financial burden on international students, thereby making higher education more accessible to a global audience. 

Estimated Tuition Fee: 3,000 to 5,000 USD per semester

3) Hanyang University

Hanyang University is another excellent choice for students seeking affordable yet high-quality Master’s degree programs in South Korea. The university’s tuition fees are reasonably priced, ranging from about 3,500 to 4,800 USD per semester, depending on the program of study. This institution is particularly renowned for its strong engineering and technology programs, though it also offers competitive degrees in business, arts, and sciences. Hanyang University prides itself on fostering a creative and innovative learning environment that encourages students to pursue research and practical experiences alongside their coursework.

This approach not only enhances the educational journey but also prepares students for successful careers post-graduation. Additionally, Hanyang University has a dynamic campus life and provides ample opportunities for international students to immerse themselves in the Korean culture through various clubs, societies, and campus events.

Estimated Tuition Fee:  3,500 to 4,800 USD per semester

4) Sungkyunkwan University (SKKU)

Sungkyunkwan University (SKKU), with its rich heritage dating back to 1398, offers a blend of traditional wisdom and modern educational practices, especially appealing for Master’s degree students seeking affordability without sacrificing quality. The tuition fees at SKKU range between 3,000 and 5,500 USD per semester, making it an attractive option for both domestic and international students.

SKKU has distinguished itself in various fields, including Business Administration, Engineering, and the Humanities, offering a broad spectrum of English-taught programs to cater to the global student community. The university’s strong partnerships with industry leaders, such as Samsung, ensure that students have access to cutting-edge research opportunities and internships, preparing them for the competitive global job market.  

Estimated Tuition Fee: 3,000 and 5,500 USD per semester

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5) Pusan National University

Pusan National University (PNU) is recognized for offering a broad spectrum of Master’s degree programs at costs that are accessible to a wide range of students, both domestic and international. With tuition fees typically ranging from 2,500 to 4,500 USD per semester, PNU represents an excellent option for those prioritizing affordability in their pursuit of advanced education.

This institution, located in the dynamic city of Busan, is particularly noted for its contributions to fields such as Engineering, Oceanography, and International Studies, providing a stimulating academic environment that emphasizes both theoretical and practical learning. PNU’s commitment to innovation and research excellence is evident in its state-of-the-art facilities and active engagement in global academic networks, offering students a wealth of opportunities for collaborative research and international exchange. 

Estimated Tuition Fee: 2,500 to 4,500 USD per semester,

FAQS

How much does a Master’s degree cost in Korea?

The cost of a Master’s degree in Korea can vary depending on the university and program. Public universities usually charge lower tuition fees than private institutions. On average, international students can expect to pay between 2,500,000 to 6,000,000 KRW per year for a Master’s degree in Korea.

Which university has the lowest fee in Korea?

Public universities in Korea are generally less expensive than private ones. The university with the lowest fee in Korea will depend on the specific program and location. However, some of the most affordable universities in Korea for international students include Seoul National University, Korea University, and Yonsei University.

How much does it cost to go to school in South Korea for international students?

The cost of going to school in South Korea for international students can vary depending on the university and program. Public universities usually charge lower tuition fees than private institutions. On average, international students can expect to pay between 2,500,000 to 6,000,000 KRW per year for a Master’s degree in Korea. In addition to tuition fees, international students will need to budget for accommodation, food, transportation, and other living expenses.

Is South Korea cheap for international students?

Compared to other Asian countries, South Korea is relatively affordable for international students. The cost of living in South Korea is generally lower than countries such as Japan and Singapore. However, the cost of living can vary depending on the location and lifestyle of the student.

How much does it cost to live in Korea as a student per month?

The cost of living in Korea as a student per month can vary depending on the location, accommodation, and lifestyle of the student. On average, students can expect to spend between 700,000 to 1,200,000 KRW per month on living expenses, including accommodation, food, transportation, and other personal expenses.

Conclusion

South Korea is an increasingly popular destination for international students looking to pursue a master’s degree. Many of the schools and universities in South Korea are both affordable and reputable, offering a range of master’s degree programs in diverse fields. The cost of studying in South Korea is often lower than in other countries, making it a great option for those on a budget.

In addition, South Korea offers a vibrant and unique culture that can be a great way to experience a new country while earning a degree. Overall, there are many reasons why South Korea is an ideal destination for those seeking an affordable and high-quality education.

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