The following criteria must be met in order for applicants to be eligible for the scholarship:

• Must have a bachelor degree.
• GPA 3.3 / 4.3 preferred.
• Business, Natural Science and Computer Science majors (e.g. Economics, Mathematics, Statistics, Business, Engineering, etc.) with quantitative and statistics education/training are strongly recommended.
• Not a Citizen of Korea.
• Government Officials-Minimum of 3 years in Ministry of Finance and Central / State Bank experience preferred.
• Private sector employees are not eligible
• Applicants must meet one of the English proficiency test minimum score requirements: TOEFL iBT 83, TOEFL PBT 560, TOEFL CBT 220, IELTS 6.5, TEPS 599, TOEIC 720 or higher.
• English proficiency tests should have been taken within two years from the deadline of the online application (valid test date: starting from April 18, 2015).
• Institutional Testing Program (ITP) is not valid.
• EPT report submission can be waived only for those who apply from a country where EPT is not available. In this case, applicants are required to submit an official letter from the minister or governor of one’s affiliation guaranteeing one’s English proficiency equivalent to the required scores listed.
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Account Benefit

• Applicants can apply via post:
• Prepare all required documents for your admission package and fill out the ‘Document Checklist’. Check whether all information is correct.
• Submit the application package (including both KAIST and KOICA application forms and other required documents) to the regional KOICA office or Korean Embassy (if KOICA office is unavailable) by the submission date (February 28).
• Scanned copies are acceptable but original copies should be sent to KAIST before the interviews. Applicants who submit the scanned copies should send the original copies to KAIST personally. KOICA and university do not pay postage costs for late submission of original copies.

Admissions results will be notified to the regional KOICA offices or Korean embassy. Registration instructions, course registration and other necessary steps will be guided to individuals