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ED209
Joined: 17 Oct 2006
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 Posted: Thu Dec 27, 2007 9:57 pm Post subject: |
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| Cheonmunka wrote: |
| Also, would you believe, can't be within 200? meters of an adult establishment. |
There goes my plan of owning an English teaching brothel. |
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Ilsanman
Joined: 15 Aug 2003
Location: Bucheon, Korea
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| Posted: Thu Dec 27, 2007 10:00 pm Post subject: |
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I'd consider such an idea. But my finances are a bit tied up. Never say never....
And it's a good idea for the right people. |
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Juregen
Joined: 30 May 2006
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| Posted: Thu Dec 27, 2007 11:21 pm Post subject: |
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| ED209 wrote: |
| Cheonmunka wrote: |
| Also, would you believe, can't be within 200? meters of an adult establishment. |
There goes my plan of owning an English teaching brothel. |
That is not completely accurate.
It just cannot be in the same building, or otherwise a lot of hagwons would not be viable just because a pub opened down the street. |
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Ilsanman
Joined: 15 Aug 2003
Location: Bucheon, Korea
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| Posted: Thu Dec 27, 2007 11:27 pm Post subject: |
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It depends on the definition of adult establishment.
If it means only brothels, a lot of the spinning barber poles are registered as 'barber shop' or 'coffee shop'.
| Juregen wrote: |
| ED209 wrote: |
| Cheonmunka wrote: |
| Also, would you believe, can't be within 200? meters of an adult establishment. |
There goes my plan of owning an English teaching brothel. |
That is not completely accurate.
It just cannot be in the same building, or otherwise a lot of hagwons would not be viable just because a pub opened down the street. |
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soju pizza
Joined: 21 Feb 2007
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| Posted: Fri Dec 28, 2007 4:26 am Post subject: |
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| MODS! Make this a sticky! |
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endofthewor1d
Joined: 01 Apr 2003
Location: the end of the wor1d.
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| Posted: Sat Dec 29, 2007 6:39 pm Post subject: |
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| op, you have a pm. |
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Cheonmunka
Joined: 04 Jun 2004
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| Posted: Sat Dec 29, 2007 9:03 pm Post subject: |
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| As for the adult places, there are obviously rules that are passed over. There are many hakwons in buildings with bars around etc. Rules are often broken by the very people who are supposed to support/enforce them. Not just rules broken by these people but graft is not unheard of, as someone above mentioned. |
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itaewonguy
Joined: 25 Mar 2003
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| Posted: Sat Dec 29, 2007 11:55 pm Post subject: |
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sex for sale is illegal in korea.. so how can you violate such a law?
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endofthewor1d
Joined: 01 Apr 2003
Location: the end of the wor1d.
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| Posted: Tue Jan 01, 2008 2:21 am Post subject: |
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my wife's older cousin got the idea in his head that he might want to partner up with me and do something like this. my heart really isn't in it, but if it was done right, it might make a good stepping stone toward my ultimate goal of opening my bar.
i'm bumping this thread in the hopes that you'll all discuss it further. |
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mistermasan
Joined: 20 Sep 2007
Location: 10+ yrs on Dave's ESL cafe
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| Posted: Tue Jan 01, 2008 2:38 am Post subject: |
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| open the bar and have classes there. |
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tzechuk
Joined: 20 Dec 2004
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| Posted: Tue Jan 01, 2008 4:01 am Post subject: |
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| mistermasan wrote: |
| open the bar and have classes there. |
You are not reading:
| juregen wrote: |
| ED209 wrote: |
| Cheonmunka wrote: |
Also, would you believe, can't be within 200? meters of an adult establishment. |
There goes my plan of owning an English teaching brothel. |
That is not completely accurate.
It just cannot be in the same building, or otherwise a lot of hagwons would not be viable just because a pub opened down the street. |
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Juregen
Joined: 30 May 2006
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| Posted: Sun Jan 06, 2008 7:27 pm Post subject: |
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Let me share some of my experiences in starting our own hagwon (me and my wife).
Location is pbbly the first and foremost problem. I found an excellent site, right in between huge apartment complexes and a new Elementary school. Very safe location and 2 huge churches just down the street. IT had huge potential and could be turned into an English hagwon where sciences and languages could be thought.
the problem was that that building was designated only for commercial purposes.
4 or 5 buildings on we finally found a really nice spot, 3 apartment complexes in the neighborhood, a bus stop right in front of us and a metro station. The only problem was that the building was just build and no designation of the building happend, so before an adult establishment would designate it, we made sure that this building was for services only.
For tax purposes my wife became the owner of the building and I became the owner of the hagwon.
To register as a foreign businessman, you need to transfer 50.000.000 won from a foreign account into a Korean Exchange bank account, that is about 38.000 euros at the moment. once the money is deposited you are free to use it. I am not sure if i can simply transfer the money back though. but that is for later.
To hire teachers all you need is to prove that your hagwon exists, basically you just need to make a business card with a logo and contact information.
It has taken us now 7 months to establish this hagwon, but we aren't operational yet.
I personally believe that foreign owned hagwons have nore credibility towards kids and mothers, and have a natural competitive advantage compared to hagwons owned by Koreans. |
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TheUrbanMyth
Joined: 28 Jan 2003
Location: Retired
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| Posted: Sun Jan 06, 2008 9:49 pm Post subject: |
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| Demophobe wrote: |
| Cheonmunka wrote: |
| Yep, overhead/running costs, perhaps even a similar income as now is right to bring up, esp. when you consider into it that you can exchange your current income into USD's and put down dosh for the future, or allow more money into your mortgage debt like I still have. However, I think establishing oneself to become a major player is a whole 'nother ballgame. Something I have considered on and off for several years - like eight years. Always looking to approach it right. |
I'm not sure there is a long-timer in Korea who hasn't entertained the notion of opening a school at one point in time or another. Then the light of day gets in.
. |
This is correct. Like most other long-running topics this one pops up every so often. Once people realize the work it entails...99% of the time it falls by the wayside. |
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victorology
Joined: 10 Sep 2007
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| Posted: Sun Jan 06, 2008 11:11 pm Post subject: |
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| Juregen wrote: |
| To register as a foreign businessman, you need to transfer 50.000.000 won from a foreign account into a Korean Exchange bank account, that is about 38.000 euros at the moment. once the money is deposited you are free to use it. I am not sure if i can simply transfer the money back though. but that is for later. |
So as a foreigner, this means you need at least 50 million won in capital to start any business in Korea? |
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The Perfect Cup of Coffee
Joined: 17 Jun 2007
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| Posted: Mon Jan 07, 2008 3:02 am Post subject: |
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| Juregen wrote: |
Let me share some of my experiences in starting our own hagwon (me and my wife).
Location is pbbly the first and foremost problem. I found an excellent site, right in between huge apartment complexes and a new Elementary school. Very safe location and 2 huge churches just down the street. IT had huge potential and could be turned into an English hagwon where sciences and languages could be thought.
the problem was that that building was designated only for commercial purposes.
4 or 5 buildings on we finally found a really nice spot, 3 apartment complexes in the neighborhood, a bus stop right in front of us and a metro station. The only problem was that the building was just build and no designation of the building happend, so before an adult establishment would designate it, we made sure that this building was for services only.
For tax purposes my wife became the owner of the building and I became the owner of the hagwon.
To register as a foreign businessman, you need to transfer 50.000.000 won from a foreign account into a Korean Exchange bank account, that is about 38.000 euros at the moment. once the money is deposited you are free to use it. I am not sure if i can simply transfer the money back though. but that is for later.
To hire teachers all you need is to prove that your hagwon exists, basically you just need to make a business card with a logo and contact information.
It has taken us now 7 months to establish this hagwon, but we aren't operational yet.
I personally believe that foreign owned hagwons have nore credibility towards kids and mothers, and have a natural competitive advantage compared to hagwons owned by Koreans. |
Great information. Thanks for sharing. There was another guy doing something similar in Busan. He had the whole process posted on the old efl-law site. |
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