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Korea

Financial Cost in Korea

■ Currency and price of goods

The South Korean currency is the won (₩). As of April, 2014, USD1 = ₩0,00097.

Utilities expense:
Gas/ Water/Electricity: ₩214,047 (85m2 apartment) per month
Home Internet: ₩27,222 per month
Mobile Phone: about ₩2,231

Leisure time expenses:
Taxi start at ₩3,000 + ₩1,000 per kilometer
Movies ₩9,000

■ Cost of living

Rent ₩1,003,086 (1 bedroom, downtown)
Big Mac Set ₩40,000
Water (1.5L) ₩1,145
Meal Set ₩7,000
Part-time wage starts at US$6.80 per hour
Students can only part-time 20 hours per week during the semester and unlimited during vacations.

■ Entrance fee / Tuition fee

Tuition fees may vary depending on the subject, the level of study and of the status of your university. In public schools, fees per semester are from US$2,000 to US$5,100. In private schools, fees are a bit higher and go from US$3,000 to US$7,000.

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