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jeffkim1972
Joined: 10 Jan 2007
Location: Mokpo
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 Posted: Wed Feb 28, 2007 7:18 pm Post subject: Funds needed to start a Hagwon or School |
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Anyone know the numbers concerning starting up their own hagwon?
STartup Cash
Rent (varies on location)
Overhead (admin and teaching material)
Licenses
How much to charge customers
Breakeven point (depends onthe above )
Is it easy money?
Also, if the hagwon allows the teachers (foreign) to each privates is it allowed? or is it more a Visa issue? |
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BigBuds
Joined: 15 Sep 2005
Location: Changwon
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| Posted: Wed Feb 28, 2007 9:12 pm Post subject: |
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If you don't have an F-series visa then you will need a minimum 50,000,000 won to get a D-8 visa which will allow you to open a hagwon.
If the school allowed it's teachers to do privates it's still illegal but ou could get around that by letting the teachers do the privates at the school. The only teachers that can do privates legally have F-series visas. |
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JeJuJitsu
Joined: 11 Sep 2005
Location: McDonald's
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| Posted: Wed Feb 28, 2007 9:56 pm Post subject: |
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| BigBuds wrote: |
If you don't have an F-series visa then you will need a minimum 50,000,000 won to get a D-8 visa which will allow you to open a hagwon.
If the school allowed it's teachers to do privates it's still illegal but ou could get around that by letting the teachers do the privates at the school. The only teachers that can do privates legally have F-series visas. |
Perhaps 2 to 3 times that amount will buy you an existing small school with maybe 100 students. |
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bellum99
Joined: 23 Jan 2003
Location: don't need to know
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| Posted: Thu Mar 01, 2007 3:03 am Post subject: |
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| If you have to ask.... then you don't have enough. |
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