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Korean Job Discussion Forums
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dmbfan
Joined: 09 Mar 2006
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 Posted: Fri Nov 21, 2008 8:41 pm Post subject: More false info about salary exchange rates. |
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People considering going to Korea.
Make sure you check the exchange rate with YOUR currency.
Do NOT trust any recruiters on this matter....especially ones who makes posts such as the one below.
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- Education, English Education or English Language/Literature major
� As a level 2+, contract renewal at the same POE
$2,400
(2.4 million KRW)
$2,500-$2,800
(2.5-2.65million
KRW)
2+
� MA degree in any discipline, with BA in Education, English Education or
English Language/Literature
� MA degree in Education, English Education or English Language
/Literature, with BA in any discipline
� As a Level 2, contract renewal at the same POE
$2,200
(2.2 million KRW)
$2,300-$2,600
(2.3-2.45 million KRW)
2
� Must have one of the followings
- Teacher's, TEFL/TESOL/CELTA(100+hrs) Certificate
- Education, English Education or English Language/Literature major
- BA degree plus 1 yr full-time English teaching experience
� MA degree in any discipline
$2,100
(2.1 million KRW)
$2,200-$2,500
(2.2-2.35 million KRW)
3
� BA degree in any discipline
$2,000
(2 million KRW)
$2,100-$2,400
(2.1-2.25 million KRW)
This is the list of documents to obtain E-2 visa,
1. Resume
2. 2 passport photo
3. Photocopy of the picture page of your passport
4. Medical report from ( please see attachment )-Once you arrive in Korea, you will need to undergo a health examination. You will be tested on everything that was mentioned in the health check form.
5. 1 set of officially processed transcripts ( transcripts need to be in a sealed envelope, with the stamp or seal of the university covering the seal to show that is has not been opened. )
6. A criminal Background check ( Must be less than six months old or it will not be accepted and it should be notarized Apostille ). Apostille means just get your documents authenticate.
This is the website of Korean consulate for America, Canada, New Zealand, Austrlia, U.K, Ireland and South Africa.
http://www.blah-blaheachrecruiting.com/apostille.html
7. Original diploma (Bachelors) or a copy that has been notarized by your government office which treats Apostille.
8. Signed contract.
This is the website of Korean consulate for America, Canada, New Zealand, Austrlia, U.K, Ireland and South Africa. http://www.blahblahandteachrecruiting.com/koreanconsulates.html
So, if you are interested in this public school then please let me know it.
And, I have some questions for you,
1. when can you start working?
2. which city are you interested in working (above)?
3. what documents do you have with you now?
If you have any questions, please let me know it.
I look forward to hearing from you soon.
Best wishes,
(name) |
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krshearman74
Joined: 30 Oct 2008
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| Posted: Fri Nov 21, 2008 10:28 pm Post subject: |
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| Are there actually people out there that are foolish enough to sign a contract without investigating the currency exchange rate? How does such a person get a degree from an accredited university? |
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Yu_Bum_suk
Joined: 25 Dec 2004
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| Posted: Fri Nov 21, 2008 10:44 pm Post subject: |
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So at 2.1, which most applicants who take the above job will be making, is about $1,400USD today. After deductions that would be about $1,200.
$10 / hour at a blue collar job would be about $1,700 / month with no overtime. After deductions and rent on a one-room apartment that would leave you with around $1,000. I really can't see why Americans would bother coming here anymore. |
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ajgeddes
Joined: 28 Apr 2004
Location: Yongsan
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| Posted: Fri Nov 21, 2008 11:04 pm Post subject: |
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| krshearman74 wrote: |
| Are there actually people out there that are foolish enough to sign a contract without investigating the currency exchange rate? How does such a person get a degree from an accredited university? |
That's what I was thinking. I understand it is annoying, but I don't see why it is such a big issue with people on here. |
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ddeubel
Joined: 20 Jul 2005
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| Posted: Sat Nov 22, 2008 4:35 pm Post subject: |
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I agree teachers should weigh the exchange rate into the balance, when weighing the "value" of a job/placement. Should be part of the initial "filter". I've added currency info on This feed to help in that regard. If you'd like other info up there, just use the message board or reply here.,..
Cheers,
DD
http://eflclassroom.ning.com |
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polonius
Joined: 05 Jun 2004
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| Posted: Sun Nov 23, 2008 7:18 am Post subject: |
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| ddeubel wrote: |
I agree teachers should weigh the exchange rate into the balance, when weighing the "value" of a job/placement. Should be part of the initial "filter". I've added currency info on This feed to help in that regard. If you'd like other info up there, just use the message board or reply here.,..
Cheers,
DD
http://eflclassroom.ning.com |
I just checked your site, I sure it is a little hiccup, but thought it was funny.
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Korean Won to US Dollar
1.00 KRW = 0.00 USD 1.00 USD = 1448 KRW Converte...
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Any KRW is worth nothing in USD, but, USD is worth something in KRW...
I sure it is a decimal thing. Still made me laugh. |
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some waygug-in
Joined: 25 Jan 2003
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| Posted: Sun Nov 23, 2008 3:26 pm Post subject: |
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Not sure where they get their figures, 2 mil Kr won = 1,700 Can dollars, according to this site.
http://www.xe.com/ucc/convert.cgi |
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egrog1717
Joined: 12 Mar 2008
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wylies99
Joined: 13 May 2006
Location: I'm one cool cat!
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| Posted: Mon Nov 24, 2008 2:16 am Post subject: |
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The exchange rate has been bad for MONTHS!
There are NO "honest mistakes" by recruiters with won to dollars and the exchange rate. It's LIES told by LIARS.  |
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jellobean
Joined: 14 Mar 2006
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| Posted: Mon Nov 24, 2008 4:17 am Post subject: |
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| wylies99 wrote: |
The exchange rate has been bad for MONTHS!
There are NO "honest mistakes" by recruiters with won to dollars and the exchange rate. It's LIES told by LIARS. |
Exactly, if you look at most university postings (the reputable ones anyway) and postings by individual schools, they are just listing the salary in won. Probably hoping that some fool will forget to check the exchange 
It's mostly the recruiters who are doing the funky exchange postings. |
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naturegirl321
Joined: 18 Jul 2006
Location: Home sweet home
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| Posted: Mon Nov 24, 2008 5:54 am Post subject: |
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| any ideas or speculation on when the won will go up again? Last night it was 1930usd for 2.6mil, what I'll be making in MArch, now it's 1912usd. Last year it was 2700 usd. What's going on with the exchange rate? |
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Suwon23
Joined: 24 Jan 2008
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| Posted: Mon Nov 24, 2008 6:24 am Post subject: |
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| Yu_Bum_suk wrote: |
So at 2.1, which most applicants who take the above job will be making, is about $1,400USD today. After deductions that would be about $1,200.
$10 / hour at a blue collar job would be about $1,700 / month with no overtime. After deductions and rent on a one-room apartment that would leave you with around $1,000. I really can't see why Americans would bother coming here anymore. |
Unless $1,200 is less than $1,000 I don't understand your argument. Besides, nobody gets $10/hour. That's outrageous.
But what's most important is that even for a significant raise, nobody is going to move to another country if they don't like travel, and if they do like travel, they'll do it regardless of money. I came to Korea to get experience living abroad. I'm sure nobody's dumb enough to move half way around the world for something as silly as money. |
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DCJames
Joined: 27 Jul 2006
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| Posted: Mon Nov 24, 2008 6:40 am Post subject: |
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| Suwon23 wrote: |
| Yu_Bum_suk wrote: |
So at 2.1, which most applicants who take the above job will be making, is about $1,400USD today. After deductions that would be about $1,200.
$10 / hour at a blue collar job would be about $1,700 / month with no overtime. After deductions and rent on a one-room apartment that would leave you with around $1,000. I really can't see why Americans would bother coming here anymore. |
Unless $1,200 is less than $1,000 I don't understand your argument. Besides, nobody gets $10/hour. That's outrageous.
But what's most important is that even for a significant raise, nobody is going to move to another country if they don't like travel, and if they do like travel, they'll do it regardless of money. I came to Korea to get experience living abroad. I'm sure nobody's dumb enough to move half way around the world for something as silly as money. |
ALOT of people come here simply for the money. I see nothing wrong with that. Why do you? |
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naturegirl321
Joined: 18 Jul 2006
Location: Home sweet home
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| Posted: Mon Nov 24, 2008 6:54 am Post subject: |
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| Suwon23 wrote: |
| I'm sure nobody's dumb enough to move half way around the world for something as silly as money. |
Well, when you make 5usd an hour in Peru, which is about 500 to 700 usd a month, then moving half way across the world makes A LOT of sense. |
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Suwon23
Joined: 24 Jan 2008
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| Posted: Mon Nov 24, 2008 7:20 am Post subject: |
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| DCJames wrote: |
ALOT of people come here simply for the money. I see nothing wrong with that. Why do you? |
Let me clarify: nobody would be dumb enough to move half way around the world only for money with no other benefits. I'm sure 100% of the people you mention as coming here for money wouldn't be here if they couldn't find anything else good to say about their situation. If you hate travel, hate being away from your friends/family, can't stand anything that's not safe and familiar, don't think that teaching will advance your career, don't see any reason to experience a new country/culture, can't stand Koreans as dating partners/drinking buddies/fellow human beings, despise children, can't teach, don't like teaching, and yet came here to make a little scratch, then yes, you ARE thicker than peanut butter. But I don't think anybody really falls in that category (and if they do, they're probably on their way to the airport as we speak).
(except the Peruvians. But remember they're not making as much as we are- I don't know, but I suspect they're making the same increase in pay vs. what they could make at home as we are)
Bottom line: if money is the only reason you're here, turn back. Go do something you really enjoy- something that makes you happy. You'll be glad you decided not to waste the only life you've got chasing pennies in abject misery. But if money is only one of many reasons, then don't fret the exchange rate. |
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