Korean education centers are currently making progress in Korean language education for foreigners. In addition, the effect of the Korean Wave among the Asian countries is continuously improving the state of the Korean language today. In Korea, lots of academic research is in progress trying to find efficient ways of teaching Korean to foreigners. Besides, outside of Korea, research on Korean language education keeps on developing. Influenced by the Korean Wave, Taiwan is interest in the Korean language has increased, and at the same time it has expanded Korean language education. Since the late 1990`s, when the Korean Wave began, the scope of Korean language education in Taiwan has been enlarged exclusively. However, research on Korean language education overseas remains at basic level. For further development of the Korean language education overseas, a profound research for its educational status is essential. The field of Korean Studies has a long history in Taiwan, and Korean language education in Taiwan has always been an integral part and has been discussed within the broader framework of Korean Studies. The goal of this research is to focus on Teaching Korean as a Foreign Language(TKFL), from the broader perspective of Korean Studies in Taiwan. In order to provide a many sided description of the TKFL in Taiwan today, the author does the following research. First, he provides a brief description of the Korean education history in Taiwan. Second, he investigated the present situation in the field of TKFL in institutions of all kinds of education, including the teaching approach, and the opportunities for employment for graduates. The author pays particular attention to the Korean teacher, students, curriculums and the rate of employment for graduates in Taiwan. He especially focuses on the development, both of the participants in the Test Of Proficiency In Korean (TOPIK) in Taiwan, and that of students studying abroad in Korea. Third, he observes the changes in Korean inbound tourist services, and translation and interpretation which is directly connected with TKFL. He also defines the challenges to TKFL in contemporary Taiwan. In the conclusion, some possible solutions to the defined challenges are offered. Therefore, in addition to examining the present progress of establishing Korean study in Taiwan, we wish to prepare the foundation to provide foreigners with a qualified Korean language education.