Abroad study especially in South Korea is the most desirable opportunity for Indian students. In that case, the living costs in South Korea and the educational cost of South Korea can be expensive for the Indian students. Himang International as a committed educational service provider has analysed the living cost of South Korea so that it is possible to provide the students with some thoughtful budgeting tips. In this blog, the overall Living Costs in South Korea and Budgeting Tips for Indian Students will be mentioned to support their educational goals.
Living costs in South Korea
1. Accommodation
- In South Korea, the university dormitories include nearly 12000 to 50000 per month in the Indian rupees.
- The campus housing cost includes approximately 18000 to 2000 per month in Indian rupees.
- Apart from that the rent of the small rooms includes 12000 to 31000 Indian rupees per month.
2. Food
- In relation to the food if you want to eat out it will cost 300 to 600 per month in Indian rupees and the groceries will include 9000 to 18000 in Indian rupees per month.
- Secondly, the Indian spices and products are comparatively expensive in South Korea which might increase your expenses.
3. Transportation
- In South Korea transportation includes taxis and Subway or bus passes.
- In that case, the Subway or bus pass includes 3000 to 4500 per month in Indian rupees.
- Living Costs in South Korea, On the other side, the taxi fare includes the starting range of 230 in Indian currency.
4. Internet and utilities
- Living Costs in South Korea, The internet cost in South Korea includes approximately 1800 to 3700 Indian rupees per month.
- On the other side, the utilities including gas, water and electricity include nearly 6000 to 12000 Indian rupees per month.
5. Miscellaneous
- Living Costs in South Korea, Personal expenses, shopping and entertainment might increase your expenses by nearly 6000 to 12000 Indian rupees per month.
6. Health insurance
- Living Costs in South Korea include National Health Insurance, which costs around 2,500 to 3,700 INR per month for international students.
The required budgeting tips for Indian students
- In order to manage the expenses in South Korea the Indian students can sign up for university dormitories which is very affordable and convenient.
- Secondly, you may cook at your home to reduce the food expense and you can find the Indian spices in the Indian grocery stores.
- The public transportation system in South Korea is very affordable which will reduce your transportation expenses. Also, you can purchase a rechargeable T-Money card to get convenient Subway and bus rides.
- It was recommended for the Indian students to grab the discounts including the museum tickets and transportation passes by carrying their student id.
- Apart from that you may enroll in the health insurance program to manage your medical expenses and focus on regular checkups and treatments to keep your physical condition healthy.
- Additionally, South Korea offers part-time working opportunities for international students for 20 hours per week during the semester and unlimited working hours during the vacation seasons.
- It is important to note that by using budgeting apps including Splitwise, YNAB andMintt you will be able to manage your expenses.
- Himang International recruits Indian students to limit unnecessary expenses including frequent dining in restaurants or unlimited shopping.
- The local markets of South Korea offer fresh and affordable food products with great discounts. You may check on the online platforms including Gmarket and Coupang to grab the deals.
- Alongside this, you can look for scholarships including university-specific scholarships, Global courier scholarships and Indian scholarships to manage your educational expenses.
Relevant City specific insight into the cost
- In Seoul, there is a high living cost due to the urban lifestyle and high demand for excellent facilities.
- Busan is more affordable than Seoul but has a lack of infrastructure that can reduce your city experience.
- For the students, Daegu and Daejeonares are ideal depending on their budget-friendly renting process and low food expenses.
- Also, Jeonju is famous for its low living cost and traditional charm that can be attractive to Indian students.
These financial insights will support you in pursuing your career in South Korea by managing the overall living costs in South Korea. Himang International offers comprehensive support for students in identifying the relevant scholarships and part-time job opportunities so that they can get a seamless study experience in South Korea. You will just need to limit your expenses and find out the financial opportunities to secure a great future there.