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Scholarships in Korea


Scholarship donors and foundations indicate a multitude of reasons as to why they started to offer their scholarship program for students in Korea, while certain goals are mentioned repeatedly throughout all scholarship descriptions:

The general availability, ease of accessibility and amount of funding (per stay and applicant) differs widely depends on the intended duration of study or research and the highest academic qualification of the applicant. Similar to other countries, scholarship applications for a short-term exchange (around six months) have the highest chance of success.

Universities like Korea University, Yonsei University (Underwood International College) and Hanyang University have their own - and need-based scholarships for international students and scholars.

Korea University offers a variety of circa 20 scholarships, of which five are solely based on "grade in admission", while for rest of the scholarships, recipients are chosen by "open selection" (based on either merit or need - or both).,

The university also offers the distinct "BK21" scholarship program. Its target audience are IT majors at 고려대학교 at master's or PhD level, while another goal is the improvement of the faculty staff situation at 고려대학교.

Aside from university scholarships, there are also multinational companies like Samsung who have their own education aid schemes. The Korean government also has schemes like the NIIED, IITA and KRF scholarships. Finally there are private foundations who offer scholarships.

Since July 2012 the NIIED offers a dedicated service center for international students ("외국인유학생상담센터") that provides various information regarding Korea and the scholarship programs that International Students can apply for.

Through the "National Institute for International Education Development" (NIIED), the Korean Ministry of Education, Science and Technology offers one of the biggest and best known scholarships programs in Korea, the "Korean Government Scholarship Program" (KGSP). Over 200 international students receive financial support every year. Two programs exist, one for undergraduate students and one for graduate students.


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