Proof of financial ability is a mandatory document that demonstrates an international student's financial independence to sustain academic and living expenses in Korea. The required amount and method of proof may vary depending on the student’s circumstances, the applying institution, and the requirements of the specific country. Only documents in Korean or English with Apostille certification or consular verification are accepted, except for balance certificates issued by Korean banks, which do not require these processes. (For example, balance certificates issued by Shinhan Bank in Vietnam are exempt from this process.)

Some universities may not require Apostille or consular verification for the proof of financial ability. However, embassies may request additional verification during the review process, so it is recommended to prepare in advance.

• 1

  Financial Proof Documents

  
  • 1)

    When the Student Provides Proof of Their Own Financial Ability

    

    Based on the student’s bank account balance certificate:

    • ①

      (For schools in the metropolitan area): A balance certificate showing a minimum balance of 10 million KRW.

      
    • ②

      (For schools in non-metropolitan areas): A balance certificate showing a minimum balance of 8 million KRW.

      
    • ③

      Balance certificates must be issued within 30 days of application, and the required deposit period may vary by country.

      

      (For example, Chinese students must freeze their deposits for at least 6 months, while Vietnamese students must provide a balance certificate showing funds maintained for at least 3 months.)

    • ④

      If submitting a balance certificate in local currency, the amount will be calculated based on the exchange rate on the visa application date.

      
    • ⑤

      Bank accounts transferred from another person’s name are not accepted.

      
  • 2)

    When Parents Provide Proof of Financial Ability

    

    If parents are unavailable, other family members can act as financial guarantors.

    • ①

      Family relationship verification documents.

      
    • ②

      Parents’ bank account balance certificate.

      
    • ③

      Proof of parents’ or guarantor’s employment and income.

      
    • ④

      Written financial guarantee from the parents.

      
    • ⑤

      Other supporting documents of assets.