| View previous topic :: View next topic |
| Author |
Message |
in_seoul_2003
Joined: 24 Nov 2003
|
 Posted: Sun Nov 04, 2007 5:51 am Post subject: an eye opener on some korean wages--to me at least |
 |
|
i didn't realize that some farmers made so little--10,000,000 a year. i also didn't know that council members made so little--21,000,000 a year.
furthermore, i never realized that anyone could increase their own pay by 100%. from the jooang ilbo
''Residents and even public employees in rural Muju County in North Jeolla are angry over news that local council members in the area agreed to raise their own salaries by 98.1 percent next year. The council members will receive 42 million won ($46,480) per year, up from this year�s 21.2 million won.
�I hardly earn 10 million won per year by working my ass off on the farm,� said Lee Yong-un, 55, a farmer in the county. �I cannot believe that they are going to receive 40 million won from taxes we pay by farming the land.�
About 60 to 70 percent of the county�s residents are farmers and on average they earn between 10 and 12 million won per year, according to the county government.''
http://joongangdaily.joins.com/article/view.asp?aid=2882261 |
|
| Back to top |
|
 |
renzobenzo1
Joined: 08 Sep 2007
Location: Suji, Yongin
|
| Posted: Sun Nov 04, 2007 5:53 am Post subject: |
|
|
| he said the 'a' word |
|
| Back to top |
|
|
Juregen
Joined: 30 May 2006
|
| Posted: Sun Nov 04, 2007 6:04 am Post subject: |
|
|
farmers earning 10-12 M won?
Do you really take that for serious?
Where I come from Farmers are the richest people around! Ofcourse they get a lot of money not to farm .... |
|
| Back to top |
|
|
ajgeddes
Joined: 28 Apr 2004
Location: Yongsan
|
| Posted: Sun Nov 04, 2007 6:19 am Post subject: |
|
|
| How can 60-70 percent of residents in Korea be farmers? 35%+ live in the Seoul metropolitan area. I wonder where they get those statistics from. |
|
| Back to top |
|
|
anae
Joined: 13 May 2003
Location: cowtown
|
| Posted: Sun Nov 04, 2007 6:30 am Post subject: |
|
|
| Quote: |
| About 60 to 70 percent of the county�s residents are farmers and on average they earn between 10 and 12 million won per year, according to the county government.'' |
If you have ever been in rural Jeonbuk, you would know this is very true for many small farmers. |
|
| Back to top |
|
|
ajgeddes
Joined: 28 Apr 2004
Location: Yongsan
|
| Posted: Sun Nov 04, 2007 6:48 am Post subject: |
|
|
| anae wrote: |
| Quote: |
| About 60 to 70 percent of the county’s residents are farmers and on average they earn between 10 and 12 million won per year, according to the county government.'' |
If you have ever been in rural Jeonbuk, you would know this is very true for many small farmers. |
I'm a moron. Totally thought it said country's. |
|
| Back to top |
|
|
jaykimf
Joined: 24 Apr 2004
|
| Posted: Sun Nov 04, 2007 7:11 am Post subject: |
|
|
| Juregen wrote: |
farmers earning 10-12 M won?
Do you really take that for serious?
Where I come from Farmers are the richest people around! Ofcourse they get a lot of money not to farm .... |
Are you from the Muju county referred to in the article? Do you know anything about Muju county farming ? What crops do they grow? What's the average farm size ? What is the typical quality of the farmland in Muju county? |
|
| Back to top |
|
|
Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
|
| Posted: Sun Nov 04, 2007 11:54 am Post subject: |
|
|
| The average farm in Korea is about as big as a bed sheet. It's a major reason food prices are so high. |
|
| Back to top |
|
|
lastat06513
Joined: 18 Mar 2003
Location: Sensus amo Caesar , etiamnunc victus amo uni plebian
|
| Posted: Sun Nov 04, 2007 1:08 pm Post subject: |
|
|
That's nothing
My ex-gf's father was an elder of a small village near Cheongeup ( a small city near Cheonju) and the only compensation he got was free cable and internet service, which neither of them know how to use... |
|
| Back to top |
|
|
Cheonmunka
Joined: 04 Jun 2004
|
| Posted: Sun Nov 04, 2007 1:41 pm Post subject: |
|
|
| Well, they voted the bastards in... |
|
| Back to top |
|
|
mikekim
Joined: 11 Aug 2006
|
| Posted: Sun Nov 04, 2007 4:16 pm Post subject: |
|
|
| lastat06513 wrote: |
That's nothing
My ex-gf's father was an elder of a small village near Cheongeup ( a small city near Cheonju) and the only compensation he got was free cable and internet service, which neither of them know how to use... |
He could watch tv or d/l porn. WTF |
|
| Back to top |
|
|
Ilsanman
Joined: 15 Aug 2003
Location: Bucheon, Korea
|
| Posted: Sun Nov 04, 2007 4:21 pm Post subject: |
|
|
| And a council member was previously earning less than a foreign English teacher. |
|
| Back to top |
|
|
SPINOZA
Joined: 10 Jun 2005
Location: $eoul
|
| Posted: Sun Nov 04, 2007 4:44 pm Post subject: |
|
|
http://forums.eslcafe.com/korea/viewtopic.php?t=101367&postdays=0&postorder=asc&start=0
| indiercj wrote: |
| SPINOZA wrote: |
| We need to know what 'average' in Seoul is like - compare average in London vs average in Seoul - for this to be significant. How many times more expensive are average property prices than average salaries (in London it's about 7 or 8 - dunno about Seoul)? |
According to the statistics reported by the Seoul Metropolitan Government, as of the second quater this year, the average household income in Seoul is 3,280,000W/month(39,360,000W/year). That is equivalent to 3,577$/month(43,992$/year) or 1,761GBP/month(21,128GBP/year). |
| indiercj wrote: |
| SPINOZA wrote: |
| indiercj wrote: |
| SPINOZA wrote: |
| We need to know what 'average' in Seoul is like - compare average in London vs average in Seoul - for this to be significant. How many times more expensive are average property prices than average salaries (in London it's about 7 or 8 - dunno about Seoul)? |
According to the statistics reported by the Seoul Metropolitan Government, as of the second quater this year, the average household income in Seoul is 3,280,000W/month(39,360,000W/year). That is equivalent to 3,577$/month(43,992$/year) or 1,761GBP/month(21,128GBP/year). |
Well, thanks for the information, but that does say per 'household' (not per person).
Got a link, btw? |
Link
The average of family members per household in Seoul is 3.13. |
This is what people mean when they say Korea is a very expensive country. To a single income earner on 26,000,000 per year (minimum, after deductions) it offers a very comfortable living, but for an average family of 3.13, it's expensive.
Anyone know what property prices (in Seoul) are in relation to average income? For example, in London, I read that average property prices are 7/8-times average income, making London property horrendously pricey to the average Londoner. |
|
| Back to top |
|
|
lastat06513
Joined: 18 Mar 2003
Location: Sensus amo Caesar , etiamnunc victus amo uni plebian
|
| Posted: Sun Nov 04, 2007 6:02 pm Post subject: |
|
|
The average Korean puts himself/herself in debt after taking out the loan to be used to buy property (house/apartment), especially in Seoul, where prices can reach as high as $250,000 to buy a 3-bedroom apartment in Kangbuk (Northern Seoul), forget about the prices in the Kangnam area- too astronomically high....
I took it upon myself once to ask a banker at the KEB branch in Itaewon how much I could get for a loan. First, he made it abundantly clear that it is not possible for a foreigner to get a loan unless they have a Korean underwriter and only then he said that the loan would be for 1/2 the price per pyeong of apartment space.
If you don't believe me about the apartment prices, go to a real estate agency (bu dong san) and look at the apartment listings for a 2,3 or even 4-bedroom apartments. |
|
| Back to top |
|
|
jvalmer
Joined: 06 Jun 2003
|
| Posted: Sun Nov 04, 2007 6:19 pm Post subject: |
|
|
| lastat06513 wrote: |
The average Korean puts himself/herself in debt after taking out the loan to be used to buy property (house/apartment), especially in Seoul, where prices can reach as high as $250,000 to buy a 3-bedroom apartment in Kangbuk (Northern Seoul), forget about the prices in the Kangnam area- too astronomically high....
I took it upon myself once to ask a banker at the KEB branch in Itaewon how much I could get for a loan. First, he made it abundantly clear that it is not possible for a foreigner to get a loan unless they have a Korean underwriter and only then he said that the loan would be for 1/2 the price per pyeong of apartment space.
If you don't believe me about the apartment prices, go to a real estate agency (bu dong san) and look at the apartment listings for a 2,3 or even 4-bedroom apartments. |
That's nothing. The prices for apartments in most of Canada's major cities are as or more expensive. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
