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Living in Korea: Cost of Living, Healthcare and What to Know About Living in Korea | Expat Exchange
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Living in Korea

By Betsy Burlingame

Last updated on Jan 02, 2024

Summary: The approximate population of Korea is 51.5 million people. The largest cities in Korea are Seoul (10.6 million people), Busan (3.6 million people), Incheon (2.8 million people), Daegu (2.5 million people), and Daejeon (1.5 million people). Expats love living in Korea for its vibrant culture, delicious food, and friendly people. Life in Korea is often described as fast-paced, exciting, and full of opportunities. Popular foods in Korea include kimchi (fermented vegetables), bibimbap (rice with vegetables and meat), bulgogi (marinated beef), and tteokbokki (spicy rice cakes). The cons of living in Korea include the language barrier, the high cost of living, and the lack of privacy. The average cost of living for an expat is around $2,000-$3,000 USD per month. This includes rent, food, transportation, and other expenses.

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What do I need to know about living in Korea?

When we asked people what advice they would give someone preparing to move to Korea, they said:

"Be prepared to be stared at. Bring lots of English books/magazines as there are only 2 English books stores in Seoul. Most foods can be bought but are significantly more expensive than Australia, especially champagne. The seasons are distinct and the whole expat lifestyle is very interesting and fun. Have a respectful attitude and always be polite. It is a very classist society but good manners always go the distance. In summer it's very hot and humid and winter is very cold and dry so plenty of moisturiser is needed. Have a happy attitude and be prepared for a lot of miscommunications, but also be prepared for the experience of a life time," commented one expat who made the move to Seoul.

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How do I meet people in Korea?

When we asked people living in Korea about club and activities where newcomers can meet others, they responded:

"Daejeon offers a variety of activities for expats. There are book clubs, sports organizations, artist collectives, and volunteer opportunities. However, the frequency of participation tends to vary greatly, depending on the current expats living in Daejeon. Since the majority of the expats in Daejeon are EFL teachers serving one year contracts, there is quite a turnover and variance within the expat community. There is a monthly publication called the Daejeon Access that focuses on expat happenings. Also, other expat-oriented information can be found at hang-outs frequented by foreigners. Santa Claus (the best known bar in Daejeon) and Brickhouse (a very popular expat spot) are great places to plug into the Daejeon ex-pat "scene."," commented one expat who made the move to Daejeon.

"There are many clubs and activities. If you let me know your interests I can help you find what you need," remarked one expat living in Suwon, Korea.

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William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.

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What is life like in Korea?

When we asked people living in Korea what life is like and how people spend their time, they said:

"Living in Korea as an expat or digital nomad can be an exciting and rewarding experience. The country is known for its vibrant culture, delicious food, and friendly people. Expats and digital nomads can find plenty of opportunities to explore the country, from visiting ancient temples to exploring the bustling cities. The cost of living in Korea is relatively low, making it an attractive destination for those looking to stretch their budget. The country also offers excellent public transportation, making it easy to get around. Expats and digital nomads can also take advantage of the country's high-speed internet, making it easy to stay connected with friends and family back home," explained one expat living in Korea.

"Daejeon is the fifth largest city in Korea with a population of nearly 1.5 million people. It is known as the "Silicon Valley" of Korea and is the technology center of the country. It also has several major universities, including Chungnam National University and KAIST (the Korean equivalent to M.I.T.). The expat community is by and large employed in the EFL industry. Those who work in the EFL industry typically work less than 30 hours a week, so socializing is a high priority within the community. Korea in general has quite the nightlife culture and all-night drinking affairs are not uncommon, especially with the EFL teachers, because many of them work at private academies (hagwons) and don't begin their work until mid-afternoon. However, drinking isn't the only form of socializing in which the expat community participates. Many participate in sports such as football(soccer), rugby, basketball, volleyball, and ultimate frisbee. These activities range from being highly organized to "pick-up" style gatherings and usually occur on weekends. Other outdoor activities are also extremely popular, especially hiking and skiing (winter only). Other types of gatherings are popular too. Many expats socialize in the endless array of coffee shops that Daejeon has to offer. The Starbucks at the Timeworld Shopping Center in central Daejeon is heavily trafficked by foreigners. Idee Coffee, in the "old" downtown area, is an artsy place where many of the more independent-spirited expats commune. Idee is a popular place for expat art shows and a meeting place for the D.A.S. (Daejeon Art Solidarity)," said one expat in Daejeon.

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Is there a lot of crime in Korea?

We asked people if there is a lot of crime. They answered:

"Crime in Korea is relatively low compared to other countries. However, there have been reports of violent crimes such as robberies, assaults, and murders. In addition, there have been cases of cybercrime, fraud, and corruption. The government has taken steps to address these issues, such as increasing police presence and introducing tougher laws," said one expat in Korea.

Is there a lot of diversity? Are people in Korea accepting of differences?

"We've always felt very welcome here and the object of curiosity. We attract a lot of attention particularly with the children who are all blonde. The Korean culture is interesting and they appreciate any interest you show in trying to speak Korean or in their culture. The Christian religion is a small part but I haven't noticed any intolerance," said one expat in Seoul.

"Korea is a diverse country with a variety of ethnicities, religions, and cultures. People in Korea are generally accepting of differences and strive to create an inclusive environment. There are many organizations and initiatives that promote diversity and acceptance in Korea, such as the Korean Diversity Network and the Korean Diversity Forum. Additionally, the Korean government has implemented various policies to promote diversity and inclusion in the country," said one expat who made the move to Korea.

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William RussellWilliam Russell

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.
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What are the schools in Korea like?

"The Seoul Foreign School (SFS) is one of the best international schools in Korea. Located in the heart of Seoul, SFS offers a comprehensive education program for students from pre-kindergarten to grade 12. The school is accredited by the Western Association of Schools and Colleges and provides a rigorous academic program that prepares students for college and beyond. SFS also offers a wide range of extracurricular activities, including sports, music, and art. The Seoul International School (SIS) is another top international school in Korea. Located in the Gangnam district of Seoul, SIS offers a comprehensive education program for students from pre-kindergarten to grade 12. The school is accredited by the Western Association of Schools and Colleges and provides a rigorous academic program that prepares students for college and beyond. SIS also offers a wide range of extracurricular activities, including sports, music, and art. The Korean International School (KIS) is a top bilingual school in Korea. Located in the Gangnam district of Seoul, KIS offers a comprehensive education program for students from pre-kindergarten to grade 12. The school is accredited by the Western Association of Schools and Colleges and provides a rigorous academic program that prepares students for college and beyond. KIS also offers a wide range of extracurricular activities, including sports, music, and art, as well as a bilingual program that teaches students both Korean and English," commented one expat when asked about in Korea.

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Is the cost of living in Korea high?

We asked people how much they someone comfortably live on in Korea, they wrote:

"The cost of living in Korea varies depending on the city and lifestyle. Generally, the cost of living in Korea is considered to be relatively affordable compared to other developed countries. Basic necessities such as food, transportation, and housing are generally quite affordable, while luxury items such as designer clothing and electronics can be more expensive. Additionally, the cost of living in Korea is affected by the exchange rate of the Korean won to other currencies," wrote one member in Korea.

"The cost of living in Korea is generally considered to be quite affordable. However, the cost of living in the larger cities such as Seoul and Busan is higher than in the rest of the country. The rental price for a nice 1 bedroom apartment in Korea is typically around $1,000 USD per month, while a nice 2 bedroom apartment is around $1,500 USD per month. Eating dinner at a moderately priced restaurant in Korea will usually cost around $10 USD per person," commented one expat living in Korea.

What type of recreational facilities are in Korea?

When we asked people living in Korea about recreational activities, they mentioned:

"In Korea, residents enjoy a variety of recreational facilities, such as parks, beaches, and sports complexes. Parks are a popular destination for families, offering a variety of activities such as walking, jogging, and picnicking. Beaches are also popular, providing a great place to relax and enjoy the sun and sand. Sports complexes offer a variety of activities, such as basketball, tennis, and swimming. Other recreational facilities include amusement parks, ski resorts, and golf courses," wrote one expat living in Korea.

What is the weather like in Korea?

"The weather in Korea is generally mild and humid, with four distinct seasons. In spring, temperatures range from cool to warm, with occasional rain showers. Summer is hot and humid, with occasional typhoons. Autumn is mild and dry, with clear skies and colorful foliage. Winter is cold and dry, with occasional snowfall," commented one expat living in Korea.

Are there good restaurants in Korea?

"One of the most popular restaurants in Korea is Gogung, a traditional Korean restaurant located in Jeonju. Gogung serves a variety of traditional Korean dishes, including bibimbap, bulgogi, and kimchi. The restaurant is known for its high-quality ingredients and traditional cooking methods, making it a favorite among locals and tourists alike. Another popular restaurant is Myeongdong Kyoja, located in Seoul. This restaurant specializes in kalguksu, a type of handmade noodle soup. The restaurant is known for its delicious broth and generous portions, making it a favorite among locals and tourists. Finally, there is the popular Korean BBQ restaurant, Samgyeopsal. This restaurant is known for its delicious marinated pork and beef, as well as its variety of side dishes. Samgyeopsal is a favorite among locals and tourists alike, and is a great place to enjoy a delicious meal," mentioned one expat inKorea.

Where will I buy groceries and do other shopping in Korea?

"People living in Korea typically buy groceries from traditional markets, supermarkets, and convenience stores. Other shopping can be done at department stores, shopping malls, and online stores," mentioned an expat living in Korea.

What are the visa & residency requirements in Korea?

"In order to visit or stay in Korea, foreign nationals must obtain a visa from a Korean embassy or consulate. The process of applying for a visa involves submitting an application form, a valid passport, a passport-sized photograph, and other documents such as a bank statement or proof of employment. Depending on the purpose of the visit, additional documents may be required. In order to apply for residency in Korea, foreign nationals must submit an application form, a valid passport, a passport-sized photograph, and other documents such as a bank statement or proof of employment. Depending on the purpose of the residency, additional documents may be required. In addition, applicants must provide proof of financial stability, such as a bank statement or proof of employment. Once the application is approved, the applicant will receive a residence permit, which must be renewed every year," mentioned an expat living in Korea.

Are healthcare and health insurance expensive in Korea?

"Healthcare and health insurance in Korea can be expensive, depending on the type of coverage and services needed. Generally, the cost of healthcare in Korea is higher than in other countries, due to the high cost of medical services and the lack of public health insurance. However, the government does provide some subsidies for those who cannot afford health insurance, and there are also private health insurance plans available. In addition, the government has implemented a number of measures to make healthcare more affordable, such as capping the amount of out-of-pocket expenses for certain treatments and providing subsidies for certain medical services," remarked one expat in Korea.

William Russell

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.

Learn MoreGet Quote

William Russell

William Russell's private medical insurance will cover you and your family wherever you may be. Whether you need primary care or complex surgery, you'll have access to the best hospitals & doctors available. Unlike some insurers, we also include medical evacuation and mental health cover in our plans (except SilverLite). Get a quote from our partner, William Russell.

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About the Author

Betsy Burlingame Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.

Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.

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