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Can you live off 1.8 mil won?

 
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mrtanzey



Joined: 12 Jul 2004
Posts: 5

PostPosted: Thu Sep 09, 2004 6:29 pm    Post subject: Can you live off 1.8 mil won? Reply with quote

I was just wondering if it is possible to live off of 1.8 mil won in South Korea? That converts to roughly $1500 USD and the job I am looking at includes air, free housing and accomodation (believe it when i see it though). The only debts I have are a $200 student loan payment every month and maybe a credit card payment but hopely that will be gone before I head overseas. Was wondering if it is possible to save money there. What kind of taxes and fees will they take out of that 1.8 mil won? Also I will have my masters and teaching experience but none overseas. Should I be able to get more because I have an MA? Lots of questions I know I know... I would post on the Korea board but the $*%! computer won't let me....
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schwa



Joined: 12 Oct 2003
Posts: 83
Location: korea

PostPosted: Sun Sep 19, 2004 7:48 am    Post subject: Reply with quote

1.8 is too low for an MA -- 2 million plus, easy. Flight & housing standard. You can live well & bank half your earnings.
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matthews_world
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PostPosted: Sun Sep 19, 2004 11:58 pm    Post subject: Reply with quote

1.8 depends on working hours. 120 hour contract, figure base of around 2.0, not including experience.
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ChrisP



Joined: 24 Mar 2004
Posts: 29
Location: Shenzhen

PostPosted: Thu Sep 23, 2004 7:50 am    Post subject: living costs Reply with quote

You can live just fine on 600,000 to 800,000 a month so you will have plenty to cover your debt. The question is why would you accept 1.8 when the going rate is 2.0 or more. There are plenty of jobs in Korea. Just keep looking.
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Mr. Kalgukshi
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Joined: 18 Jan 2003
Posts: 5974
Location: FSU 13-0 -- Go 'Noles! 2014 BCS Bowl Champions

PostPosted: Thu Sep 23, 2004 8:13 am    Post subject: Separate Reply with quote

Posting on the Korean Board requires a separate registration and username and password for that board. Please email sperling@eslcafe.com and explain your situation.
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jibbs



Joined: 02 Feb 2003
Posts: 448

PostPosted: Wed Sep 29, 2004 8:43 pm    Post subject: Reply with quote

I usually spent more than a million per month, but I drank a lot.
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Emu Bitter



Joined: 25 May 2004
Posts: 8

PostPosted: Sun Oct 24, 2004 6:46 am    Post subject: Reply with quote

It also depends on where abouts in Korea you are. When I first came here I was on 1.4 in 98 but lived in Jeonju. Comfortably saved around 1m a month after I'd paid off my debts.
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