Korean Job Discussion Forums

GoldMember · Joined: 24 Oct 2006

This has happened twice now. I've had recruiters propose the following:
You (teacher) open a bank account, and give the bank account book to us (the recruiter), and your password. The school we recruited you to work in will pay into your bank account, and then we will pay you from this bank account.
It seems there are some fools out there who have agreed to this arrangement. DO NOT DO IT!!!!!
The bank account could be used for various illegal activities, and in whose name is the account YOURS!!!
If you have been foolish enough to do this, go close the account NOW!

Bibbitybop · Joined: 22 Feb 2006 Location: Seoul

You don't need passwords to deposit money into accounts.

"Give me your password."
"Give me your passport."
"Give me your original diploma."
"Give me your first born."

These are things only shady businesses say.

Thumbnail Postermonkey · Joined: 24 Jul 2006

Word to that!! For those of you who don't remember Nancy Reagan's (Former U.S. President Ron Reagan's wife) famous line, listen and repeat: JUST SAY NO!!

koon_taung_daeng · Joined: 28 Jan 2007 Location: south korea

im having a huge problem with this right now, i work with an after school program and they didint tell me i had to do this untill after i started working, and now they are reporting to the tax office that i make like 7million won a month, when i only get 2.4

i already got back my bank book and atm card not sure what else i should do though, i want to quit but ive already worked 6 months and i want my end of contract bonus but they arent solving the tax problem

khyber · Joined: 16 Jan 2003 Location: Compunction Junction

Bibbitybop · Joined: 22 Feb 2006 Location: Seoul

Aussiekimchi · Joined: 21 Apr 2006 Location: SYDNEY

I guess if you are getting taxed at 7MIL your severence should be 7MIL

ChuckECheese · Joined: 20 Jul 2006

poet13 · Posted: Wed Mar 28, 2007 5:19 am Post subject:

Good point chuckee. Laughing

And pension payments? Gotta pay some back in now, but the return is sweet too!!!

babtangee · Posted: Wed Mar 28, 2007 5:19 am Post subject:

cdninkorea · Joined: 27 Jan 2006 Location: Seoul

Aussiekimchi · Joined: 21 Apr 2006 Location: SYDNEY

Tax 3.3%
Medical 2.75%
Pension 4.5%
Total: 10.55%
So are you contributing 10.55% of 7MIL or your agreed salary?
Either way, something has gotta be amiss with one of these.
If 7MIL goes into your account, for work you have done, are you not required to pay the percentage on that amount?
I have no idea how it all works but I am sure Alabamaman etc. will know the law on this.
There has to be some way around it because so many places are now doing it.

braunshade · Joined: 19 Apr 2006 Location: Somewhere better!

TAKE THE MONEY AND RUN DURING YOUR LAST MONTH!!!!!!!!!

jellobean · Joined: 14 Mar 2006

As I've posted multiple times, get a recipt for the "management fees" you are paying the management company and they are a deductable business expense.... That fixes your tax problem (and pretty much all the rest of them too).... Are you going to complain about bigger pension? And all that other stuff comes out of the management company's portion anyway....

This is only an issue if you don't trust your recruiter.... And yes, many of them aren't worth trusting, but you can minimize by keeping an eye on the account.... Keep the bankbook and let them have the ATM card... Then you can run the book occasionally and cancel the card if there is a problem....

BigBuds · Joined: 15 Sep 2005 Location: Changwon