Fully Funded Scholarships in South Korea for International Students 2026-27: Complete Details Here

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Fully Funded Masters Scholarships in South Korea

Aspiring international students, get ready to turn your dream of studying in South Korea into a reality! With its world-class education system, cutting-edge technology, and vibrant culture, South Korea has become a premier study destination. Excitingly, numerous fully funded scholarships are available for the 2026-2027 academic year, designed to eliminate financial barriers for high-achieving students from around the globe, covering crucial expenses like tuition, airfare, and living costs. This is your golden ticket to enrolling in prestigious Korean universities for undergraduate or graduate programs. In this blog, we provide a comprehensive guide to the most prominent fully funded scholarships, including the highly sought-after Global Korea Scholarship (GKS), detailing the important benefits, eligibility criteria, and application dates you need to secure your spot.

Type of ScholarshipFully Funded Scholarships
Scholarships ForUndergraduate, Graduate, and Ph.D. programs
Location South Korea
Target AudienceInternational Students
DurationFull-Time or Varies
Funding AmountFull 

Types of Fully Funded Scholarships in South Korea

Fully funded scholarships in South Korea generally fall into two main categories: Government-Funded Scholarships and University-Specific Scholarships.

Here are the primary types of fully funded scholarships in South Korea for international students:

Scholarship TypeFunding SourceImportant Features
Government-Funded ScholarshipsKorean Government (e.g., NIIED)The most comprehensive scholarships, covering tuition, airfare, stipend, and language training. Global Korea Scholarship (GKS) is the main program.
University-Specific ScholarshipsIndividual UniversitiesOffered by top universities to attract excellent international students. Benefits often include full tuition waivers and a monthly stipend. Examples are scholarships from KAIST, SNU, and Yonsei.
Institution/Foundation ScholarshipsResearch Institutes, Private Foundations, or CompaniesProvided by non-university entities like research institutes (e.g., UST) or large corporations/foundations (POSCO, Samsung), often for specialized fields or specific nationalities.
Research/Project-Based ScholarshipsSpecific University Departments (e.g., BK21) or ProfessorsFunding is often tied to participation in a national research project (BK21) or research assistantships (RA) under a professor, primarily for graduate students.

List of Fully Funded Scholarships in South Korea for International Students

There are several excellent fully funded scholarship opportunities for international students in South Korea, primarily for graduate-level studies. These often cover tuition, a monthly stipend, and other benefits like health insurance and travel.

Here is a table featuring some prominent fully funded scholarships in South Korea, including Gwangju Institute of Science and Technology (GIST) Scholarships and Pohang University of Science and Technology (POSTECH) Scholarships, in addition to the highly sought-after Global Korea Scholarship (GKS):

Scholarship NameDegree LevelBenefits (Fully Funded Coverage)Target InstitutionsEligibility 
Global Korea Scholarship (GKS) (formerly KGSP)Master’s & Ph.D.Full Tuition, Monthly Stipend (KRW 900,000 to KRW 1,000,000), Round-trip airfare, Settlement Allowance, Korean Language Training, Medical Insurance.Designated Korean Universities (University or Embassy Track)International student (Non-Korean citizenship), Age and GPA requirements apply (check current guidelines).
GIST ScholarshipMaster’s, Ph.D., Integrated M.S./Ph.D.Full Tuition Waiver (approx. KRW 3.6 million/semester), Monthly Stipends (M.S.: KRW 140,000; Ph.D.: KRW 295,000), Research Assistantship (additional stipend), Meal Allowance, International Student Allowance, Health Insurance, One-way Flight Reimbursement.Gwangju Institute of Science and Technology (GIST)International student, Strong academic record, Required previous degree, English proficiency proof (e.g., TOEFL/IELTS or waiver).
POSTECH ScholarshipMaster’s, Ph.D., Integrated M.S./Ph.D.Full Tuition Fee Coverage, Monthly Living Expenses (M.S.: approx. KRW 570,500; Ph.D.: approx. KRW 1,047,000), Full Dormitory Fees. This funding is often secured through the university/department/research lab.Pohang University of Science and Technology (POSTECH)International student, Required previous degree, English proficiency proof. Funding is often secured in conjunction with a professor’s research assistantship.
KAIST International Student ScholarshipMaster’s & Ph.D.Full Tuition Waiver, Monthly Stipend (Master’s: KRW 350,000; Doctoral: KRW 400,000), Health Insurance. (Additional funding often comes from research assistantships/supervisor).Korea Advanced Institute of Science and Technology (KAIST)International student, Required previous degree, Competitive admission to KAIST.
SNU President Fellowship (SPF)Ph.D. (Specifically for faculty from major universities in developing countries)Full Tuition Exemption, Monthly Living Stipend (KRW 1,500,000 to 2,000,000 for 3-4 years), Round-trip Airfare, Korean Language Training Fee, National Health Insurance Fee Reimbursement.Seoul National University (SNU)Faculty member of a major university in a developing country, newly admitted SNU Ph.D. student.

Also Read: How Can International Students Get PR in South Korea

Details of Top Fully Funded Scholarships in South Korea for International Students

South Korea offers several fully funded scholarships for international students, with the most prestigious being the government-funded program and various university-specific scholarships. These typically cover a wide range of expenses, including tuition, monthly stipends, and travel.

The top fully funded scholarships include:

1. Global Korea Scholarship (GKS)

The Global Korea Scholarship (GKS), formerly known as the Korean Government Scholarship Program (KGSP), is the most prestigious and generous fully funded scholarship offered by the Korean government for international students pursuing undergraduate, Master’s, or Ph.D. degrees. It is designed to enhance international educational exchange and mutual friendship. The GKS is fully comprehensive, covering full tuition fees for the entire program, a generous monthly living allowance (₩900,000 to ₩1,000,000), a round-trip economy class airfare, and a one-time settlement allowance of ₩200,000. Furthermore, it includes mandatory one-year Korean language training, full medical insurance, and financial support for research and thesis printing, making it the most inclusive option for students focusing entirely on their studies.

Benefits
Full Tuition, Monthly Stipend (₩900,000–₩1,000,000), Round-trip Airfare, 1-Year Korean Language Training, Settlement Allowance, Medical Insurance.
Degree LevelUndergraduate, Master’s, Ph.D.
EligibilityMust be an international student (neither applicant nor parents are Korean citizens). Age limit: Under 25 for UG, Under 40 for Grad. CGPA: 80% or higher.
Application ProcessEmbassy Track (Apply to Korean Embassy in home country) or University Track (Apply directly to a GKS-designated university).
DeadlinesUndergraduate: Sep-Oct (Annually). Graduate: Feb-Mar (Annually).
Official Link https://www.studyinkorea.go.kr/

2. KAIST International Student Scholarship

The KAIST International Student Scholarship is a university-specific, highly competitive, fully funded opportunity offered by the Korea Advanced Institute of Science and Technology (KAIST), one of South Korea’s top STEM-focused research universities, for both undergraduate and graduate degrees. The scholarship provides a full tuition fee waiver for the duration of the study (up to 4 years for undergraduate and 4 semesters for Master’s/Ph.D.), along with a monthly stipend to cover living expenses (typically KRW 350,000–400,000 for graduate students, sometimes higher based on research assistantships), which is often supplemented by the student’s research lab. It also includes medical insurance coverage and occasionally offers a one-way flight ticket, allowing exceptional students to pursue advanced research and innovation without financial constraint.

BenefitsFull Tuition Fee Waiver, Monthly Stipend (Varies, typically ₩350,000 for MS, more for PhD from lab funding), Medical Insurance.
Degree LevelUndergraduate, Master’s, Ph.D.
EligibilityMust be an international student. No specific age limit. Bachelor’s/Master’s degree is required for graduate programs. Strong academic record is essential (high GPA/TOEFL/IELTS).
Application ProcessAutomatic consideration upon selecting the “KAIST Scholarship” option during the online KAIST Admissions Application. No separate scholarship application form.
DeadlinesFall Intake: March/May. Spring Intake: September/October. (Varies by intake and program)
Official Link https://admission.kaist.ac.kr/intl-graduate

3. Seoul National University (SNU) President Fellowship (SPF)

The SNU President Fellowship (SPF) is an elite, fully funded scholarship specifically designed by Seoul National University—the most prestigious university in Korea—to support outstanding faculty members from major universities in developing countries who wish to pursue a Ph.D. degree at SNU. This highly strategic award offers a full tuition fee exemption for up to 6 semesters, combined with one of the highest living stipends, ranging from KRW 1,500,000 to KRW 2,000,000 per month for 3-4 years, to ensure recipients can focus entirely on their advanced research. Additionally, it covers a round-trip airfare, reimbursement for the National Health Insurance fee, and provides support for Korean language training, effectively cultivating global academic leadership.

Benefits
Full Tuition Fee for 6 semesters, High Monthly Stipend (KRW 1,500,000 – KRW 2,000,000) for up to 4 years, Round-trip Airfare, Korean Language Training (Evening), National Health Insurance.
Degree LevelPh.D. Only
EligibilityMust be a faculty member of a major university in a developing country without a Ph.D. degree. Must be admitted to an SNU Ph.D. program.
Application ProcessApply for the SPF directly to the SNU Office of International Affairs (OIA) after securing Ph.D. admission to SNU. Requires an employment certificate and a recommendation from the Dean/President of the home university.
DeadlinesVaries by semester: usually Feb/Mar for Fall intake
Official Link https://oia.snu.ac.kr/snu-president-fellowship-spf

4. University of Science and Technology (UST) Scholarship

The University of Science and Technology (UST) Scholarship is a highly attractive, fully funded grant for international students pursuing research-oriented Master’s and Ph.D. degrees in science and technology fields, with UST being a national graduate school established by 32 government-funded research institutes in Korea. This program is noted for offering one of the most substantial living stipends: approximately KRW 1,200,000 per month for Master’s students and KRW 1,600,000 per month for Ph.D. students, combined with a full tuition fee waiver. The scholarship’s foundation in major research institutes ensures that students have exceptional access to cutting-edge research facilities and active participation in national research projects, enabling them to launch successful research careers with strong financial backing.

BenefitsFull Tuition Fee Coverage, Generous Monthly Stipend (KRW 1,200,000 for MS; KRW 1,600,000 for PhD), Accident Insurance.
Degree LevelMaster’s, Ph.D., Integrated MS-Ph.D.
EligibilityMust be an international student. Hold a Bachelor’s/Master’s degree from a recognized institution for the respective program. High English proficiency (TOEFL/IELTS) required.
Application ProcessApply for admission through the UST Online Admission Portal. Applicants are automatically considered for the scholarship based on their admission profile and research potential.
DeadlinesSpring Intake: Sep-Oct. Fall Intake: April-May.
Official Link https://admission.ust.ac.kr/admission_eng/

Tips for a Successful Fully Funded Scholarship Application in South Korea

Here are the important tips for a successful, fully-funded scholarship application in South Korea for international students, like the Global Korea Scholarship (GKS):

  • Academic excellence is the most crucial factor. Aim for a GPA in the top 10-20% of your class to meet competitive eligibility requirements.
  • For graduate programs, identify specific professors/labs at your chosen university. Your Study Plan must clearly link your research interest to their work.
  • Craft a compelling Statement of Purpose (SOP). Show why Korea, why the specific university, and how the scholarship enables your long-term goals (the “Korean Bridge”).
  • While not always mandatory to apply, acquiring TOPIK Level 3 or higher provides significant bonus points and shows commitment to studying and living in Korea.
  • Choose recommenders who know you well (academic or research supervisors) and can provide specific, detailed examples of your potential and character, not just generic praise.
  • Meticulously organize all documents (transcripts, certificates, etc.). Strictly follow instructions on notarization, apostille/consular confirmation, and submission order.
  • Decide between the Embassy Track (more choices, highly competitive) and the University Track (direct acceptance by a professor is key). Do not apply to both.
  • If shortlisted, be ready to articulately defend your Study Plan, your choice of major, and your knowledge of Korea. Practice answering in both English and, if possible, Korean.
  • Include relevant extracurricular activities, volunteer work, awards, or publications that demonstrate leadership, cultural adaptability, and resilience.
  • The application process is lengthy. Begin collecting, translating, and certifying documents at least 6-12 months in advance to avoid rushing and making critical mistakes.

Why Study in South Korea for International Students?

Studying in South Korea has become a compelling choice for international students due to its world-class education system, technological leadership, and the global appeal of its vibrant culture.

Here are the primary reasons international students choose South Korea:

  • Home to globally top-ranked institutions (like SNU, KAIST, and Yonsei) with a strong reputation for academic rigor, particularly in STEM fields.
  • Gain exposure and access to cutting-edge research and major global tech companies (Samsung, LG, Hyundai), offering valuable industry connections and career opportunities.
  • Tuition fees and overall living expenses are often more affordable compared to many Western study destinations like the US or UK.
  • The South Korean government (e.g., Global Korea Scholarship – GKS) and universities offer numerous scholarships for international students.
  • The country consistently ranks as one of the safest globally, featuring excellent public transport and high living standards.
  • Experience the global phenomenon of K-Pop and K-Drama firsthand, living in a country whose culture has massive international influence.
  • The government offers visas (like the D-10 Job Seeker Visa) and favorable policies to help international graduates seek employment in the thriving local job market.
  • While many programs are offered in English, living there provides an ideal environment to learn the highly practical Korean language (Hangul).
  • Enjoy a dynamic mix of traditional heritage (palaces, temples) and modern attractions, plus a rich social life with local Korean cuisine and entertainment.
  • Study in a country with a growing, diverse international student community, offering opportunities to build a global network of peers.

Also Read: How to Get Part time Jobs in South Korea for International Students

FAQ’s

Can I get a full scholarship in Korea for international students?

Yes, you absolutely can get a full scholarship in South Korea as an international student. The most prominent program is the government-funded Global Korea Scholarship (GKS), which covers tuition, airfare, a monthly allowance, and language training for undergraduate and graduate studies. Additionally, many top Korean universities like Seoul National University (SNU) and KAIST offer their own comprehensive fully-funded or generous scholarships specifically for international students with outstanding academic records.

How much percentage is required for a scholarship in Korea?

Scholarship requirements vary, but a common standard for major scholarships like the Global Korea Scholarship (GKS) is a minimum academic score of 80% or higher on a 100-point scale, or being ranked in the top 20% of your class. This typically corresponds to a minimum Cumulative Grade Point Average (CGPA) of around 2.64/4.0 or equivalent, which is a highly competitive grade.

Is it easy to get a Korean scholarship?

Securing a Korean scholarship, especially the prominent Global Korea Scholarship (GKS), is generally difficult due to intense global competition and a limited number of slots. Success often requires an exceptional academic record (high GPA), a compelling personal statement, and often, high Korean language proficiency (TOPIK), although many university-specific scholarships may be slightly more accessible. Therefore, while various scholarships exist, winning a fully-funded one is highly selective.

How to study in South Korea from India for free?

The primary way for an Indian student to study in South Korea for free is by securing a fully funded scholarship, most notably the Global Korea Scholarship (GKS), formerly known as the Korean Government Scholarship Program (KGSP). This highly competitive scholarship covers tuition, airfare, monthly living allowances, medical insurance, and Korean language training, requiring a strong academic record and a successful application through either the Embassy or University track. Additionally, various South Korean universities offer their own fully-funded scholarships for international students, like those at Seoul National University (SNU) or KAIST.

How to get GKS scholarship for Indian students?

To get the Global Korea Scholarship (GKS), Indian students must meet specific academic and age criteria and apply through one of two tracks: the Embassy Track by submitting documents to the Korean Embassy in New Delhi, or the University Track by applying directly to a participating Korean university. Selection is highly competitive, focusing on excellent academic records (typically 80% or top 20% of class) and a strong application package including a personal statement and study plan.

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Exploring study abroad scholarships? Not sure how to go about it? Let the professionals at Leverage Edu take care of your academic journey! You may enlist the assistance of Leverage Edu specialists to assist you with the application process so that you can realize your goals. Call us immediately at 1800 57 2000 for a free 30-minute counselling session.

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