Cost of living in South Korea (prices in South Korea 2023)

Living costs in South Korea It is the topic of our article today, as everyone who wants to travel or reside in this country, the most important thing that you must take into account is the costs of the expenses you owe in this country in order to be able to afford life in South Korea, especially international students. It is important to know Living costs for students in South Korea And find out the costs of studying in this country from Housing prices in South Korea The price of cars, the price of gasoline, the price of food, and other things are known to the negatives of living in South Korea.

Therefore, we find some people wondering how much money I need in South Korea, and is life in South Korea difficult and expensive? Therefore, through this article, we have prepared for you a complete topic that contains everything you need about Costs of living in South Korea for Arabs Especially if you intend to reside in this country and are looking for job opportunities in South Korea.

Living costs in South Korea
Living costs in South Korea

South Korea is known as the Republic of Korea after the Goryeo Kingdom. It is located in the continent of Asia in the east, and has an area of ​​99,500 square kilometers. Its capital, Seoul, is one of its largest.

The government in South Korea is a presidential constitutional republic. The National Assembly is the legislature and the official currency of the KRW. The population density of Korea is 420 people per square kilometer. The official language of South Korea is Korean.

You find many who want to live in South Korea wondering what the cost of buying a house in South Korea 2022, what are the prices of clothes in South Korea, the prices of food in South Korea and the costs of living in South Korea.

Which we will mention in our next article, so continue reading with us to learn about the cost and expenses of living in South Korea.

Cost of Living in South Korea 2023

Below we will mention to you a list of the most important costs that those wishing to live in South Korea must secure, as follows:

Housing costs in South Korea

Before moving to South Korea, it is important to be aware of the cost of housing which is as follows:

There are $300 to $1,000 per month for one-room apartments in the city center while outside the city center may cost between $200 and $700.

There are many three-bedroom apartments in the city center that cost a maximum of $2,000 per month, while out of town it costs a maximum of $1,400 per month.

It is clear that housing prices in South Korea have skyrocketed, and this has led to some complications for those looking to buy a home. For example, it is often difficult to find apartments that fit the needs of both the seller and the buyer. In addition, home prices can be very high, sometimes with fees as high as $5,000.

Food costs in South Korea

The cost of dining out in South Korea can be expensive, but it is important to remember that it is an expense that you will likely incur after paying for accommodation.

A meal for one in an inexpensive restaurant can cost between $7 and $30, while a meal for two in a mid-range restaurant will cost you about $30. The average food cost per month is said to range from $300 to $700, depending on what you decide to eat.

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Transportation and transportation costs in South Korea

Transportation prices in South Korea are reasonable, with a round-trip ticket priced around $2 for local and city transportation. This price can vary depending on the city you’re traveling to, and a one-way ticket from Seoul and Busan costs around $15 to $50.

You can also take advantage of the monthly card, which costs around $40. In the case of taxis, a kilometer in South Korea is estimated at only $1, meaning that the cost of taxi rides can reach $20.

Basic utility costs in South Korea

The costs of basic utilities in the Republic of South Korea are as follows:

  • Electricity bills can range from 20 – 100 US dollars, which varies between winter and summer.
  • While the water bills in South Korea are about 20 US dollars, which is cheap when compared to other countries.
  • Gas prices are very high during the winter, and can cost up to $80 per month.
  • The monthly fee for using the internet if you want to subscribe to the 60 MB package is $40.
  • Individual expenses vary, but average wages can be as high as $200 per month.

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Average wages and salaries in South Korea

Although it can be difficult to live in South Korea on a low income, wages are high enough in some cases that they are comfortable for those who want to live in the country.

The lowest average salaries and wages range between 900-1100 USD per month, while the highest average salaries and wages can reach up to 14,000 USD per month.

Positives of life in South Korea

There are a number of positives that you can find in South Korea, and they are undoubtedly the following:

  • High standard of living in South Korea with almost complete absence of poverty as the government provides assistance to citizens for their happiness and satisfaction.
  • The government assistance provided by the government to the citizens reduces the crime rate.
  • In South Korea, you will get to know the latest tech promotions from a country that is passionate about all things tech related.
  • South Korea is one of the countries that invests a large percentage of its GDP in scientific research, as the educational system is one of the strongest and best in the world.
  • The transportation system in South Korea is characterized by accuracy, punctuality and punctuality.

Negatives of life in South Korea

Despite the many advantages that were mentioned previously, there are a number of negatives that you can face, which are as follows:

  • The education system in South Korea is strict. Schools start at nine in the morning and end at one at night.
  • A well-known characteristic of Korean people is that they have a work addiction and this makes working in South Korea very stressful for a foreign worker.
  • South Korea has a population of over 48 million which can lead to serious traffic jams.
  • Ongoing political and military disputes between North and South Korea are of great influence.

And with this, we have come to the end of this topic about the expenses of living in South Korea for students, the young man and the family. I hope the article is as brief as possible. I hope you like the article, and we hope to benefit from it for everyone.

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