Korean Job Discussion Forums

[GoldMember]

During the recent FTA discussions the US side wanted the Korean side to change their laws in regard to the repatriation of profits.
The Korean government can in the event of 'financial turmoil' prevent foreigners from sending money out of Korea. In some respect this has already happend with foreigners denied international debit cards.
I am not saying this will happen tomorrow, but we know the economy here is rocky, people have huge debts, and the foreign investment here is very liquid, and speculativeand and can be rapidly withdrawn.
What doe this mean for the average English teacher? It means just in case, you should cover you butt.
Rather than wait until you have 10 mill to send home, send it back in small amounts, just in case!!!

[princess]

If this happens, it means my student loans won't get paid.

[4 months left]

Good if you plan to live here forever, salaries will skyrocket. But as for the other 99.8% of teachers who are temporarily here, I wouldn't want to be at Incheon airport if it ever happened, there would be a about a 2 week wait to get a flight out.

In other words, it's never going to happen.

[matthews_world]

Just stash wrapped up in a well-sealed envelope or a wrap it up and put it inside a shoe and place it in a locked suitcase. Who would find out?

[twg]

[Travelous Maximus]