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Korean Job Discussion Forums
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mnhnhyouh
Joined: 21 Nov 2006
Location: The Middle Kingdom
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 Posted: Thu Apr 24, 2008 6:15 am Post subject: |
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| Chris Kwon wrote: |
Anyone wanna bet that when Miles goes to another country, he'll be bitching about that country too?
and the next country.... and the next country ........... |
Are you trying to say his own personal little black cloud follows him around?
No, surely you jest.
h |
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Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
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| Posted: Thu Apr 24, 2008 1:07 pm Post subject: |
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| ...I came here because I was near broke. I spent years studying arcane subjects at uni which have little or no application in the real world. |
This is the part that confuses me. With this kind of background, how does this poster get off offering advice to other people? |
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kimchipig
Joined: 07 Mar 2008
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| Posted: Thu Apr 24, 2008 1:17 pm Post subject: |
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2.) China's insistance on the RMB being non-convertible despite holding the Olympics. |
China holds huge quantities of US cash and bonds. Because of this, they can get away with a lot more than anyone else in the world can. They have Bush and company by the short an curlies.
You see, you can't double "defense" spending and hugely cut taxes on the wealthy (who, coincidently, have most of the money) and then print paper and expect your economy to do well in the long term. There has been no new wealth created and this leads to lower currency values, higher debt and inflation.
I saw one poster disparaging higher interest rates. It is going to happen. The only way to bring that paper back is to raise rates and taxes. It is exactly the same situation as 1991 and I don't see anyone saying " Read my lips, no new taxes." |
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asylum seeker
Joined: 22 Jul 2007
Location: On your computer screen.
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| Posted: Thu Apr 24, 2008 2:16 pm Post subject: |
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| I agree with the OP. Korean lifers are fools, the value of what they earn will continue to decrease and they will be left with nothing. |
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saw6436
Joined: 16 Jan 2003
Location: Daejeon, ROK
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| Posted: Thu Apr 24, 2008 7:51 pm Post subject: |
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| ^^Thats just about the stupidist thing I have ever read on Daves before. What? Do you have the reasoning ability of a turd? |
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Suwon23
Joined: 24 Jan 2008
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| Posted: Thu Apr 24, 2008 9:12 pm Post subject: |
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| saw6436 wrote: |
| ^^Thats just about the stupidist thing I have ever read on Daves before. |
I have been dethroned!
But seriously, who cares if the Won tanks in tandem with the Dollar? there are only two places in the world I intend to ever spend money, Korea and America. The Euro being high only matters if there are thing from Europe we have no choice but to import, and I can't think of anything like that. Oil is a problem, but that's a lot more complicated than a weak dollar. |
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Adventurer
Joined: 28 Jan 2006
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| Posted: Fri Apr 25, 2008 12:55 am Post subject: |
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| Suwon23 wrote: |
| saw6436 wrote: |
| ^^Thats just about the stupidist thing I have ever read on Daves before. |
I have been dethroned!
But seriously, who cares if the Won tanks in tandem with the Dollar? there are only two places in the world I intend to ever spend money, Korea and America. The Euro being high only matters if there are thing from Europe we have no choice but to import, and I can't think of anything like that. Oil is a problem, but that's a lot more complicated than a weak dollar. |
Well, the OP has a more Euro-centric view of things. That's pretty clear. I personally do like European things, and I would feel more comfortable at a nice gig in Spain where I can understand most of what the people say and the EU has more regulations in place, but the cost of living is much higher in Europe when compared to Korea. There are always some trade-offs. I wouldn't want to spend the rest of my life in Korea since it is harder for someone Asian or non-Asian to be accepted at this juncture in Korean society. That will change eventually, but that will take time. |
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bogey666
Joined: 17 Mar 2008
Location: Korea, the ass free zone
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| Posted: Fri Apr 25, 2008 1:09 am Post subject: |
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| Adventurer wrote: |
| Suwon23 wrote: |
| saw6436 wrote: |
| ^^Thats just about the stupidist thing I have ever read on Daves before. |
I have been dethroned!
But seriously, who cares if the Won tanks in tandem with the Dollar? there are only two places in the world I intend to ever spend money, Korea and America. The Euro being high only matters if there are thing from Europe we have no choice but to import, and I can't think of anything like that. Oil is a problem, but that's a lot more complicated than a weak dollar. |
Well, the OP has a more Euro-centric view of things. That's pretty clear. I personally do like European things, and I would feel more comfortable at a nice gig in Spain where I can understand most of what the people say and the EU has more regulations in place, but the cost of living is much higher in Europe when compared to Korea. There are always some trade-offs. I wouldn't want to spend the rest of my life in Korea since it is harder for someone Asian or non-Asian to be accepted at this juncture in Korean society. That will change eventually, but that will take time. |
I've been considering spending some time in Spain myself... Love the culture... speak the language.. it'd be super cool.
Apparently decent demand in Madrid for "business English" and a fair amount of dentally challenged Brits offering it (just a little joke there LOL )
looks like the going rate for privates in Madrid is anywhere from 25-35 euros an hour.
Quiero ser un madrileno! (at least for a little while)
p.s. problem is one needs an EU passport (which I actually HAVE, but have to renew it) |
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blaseblasphemener
Joined: 01 Jun 2006
Location: There's a voice, keeps on calling me, down the road, that's where I'll always be
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| Posted: Fri Apr 25, 2008 1:16 am Post subject: |
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| asylum seeker wrote: |
| I agree with the OP. Korean lifers are fools, the value of what they earn will continue to decrease and they will be left with nothing. |
You do realize your view is in opposition to the richest man on the planet. Warren Buffett is heavily invested in South Korea. You should let him know what a fool he is. |
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asylum seeker
Joined: 22 Jul 2007
Location: On your computer screen.
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| Posted: Fri Apr 25, 2008 5:37 am Post subject: |
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| blaseblasphemener wrote: |
| asylum seeker wrote: |
| I agree with the OP. Korean lifers are fools, the value of what they earn will continue to decrease and they will be left with nothing. |
You do realize your view is in opposition to the richest man on the planet. Warren Buffett is heavily invested in South Korea. You should let him know what a fool he is. |
Sorry about all that, I was drunk this morning and I decided I would try to become a gloom and doom Korean hater like Miles Rationis. The only problem is nobody knew I was joking except me. |
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kimchipig
Joined: 07 Mar 2008
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| Posted: Fri Apr 25, 2008 8:44 am Post subject: |
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| I agree with the OP. Korean lifers are fools, the value of what they earn will continue to decrease and they will be left with nothing. |
I have to agree. I have seen the Korean Won go down, down and down gor years. Compared to what I made there in the early 1990s, you guys are working for chicken feed. I also do not see salaries going up to match the rising cost of living in Korea, either.
I was a lifer there and I used to make all kinds of excuses for staying in Korea. All all boiled down to the fact I was afraid to go into the unknown. I had been away from Canada for so long is was a foreign place to me. I also had to realise that as much as I loved my little hometown, there were no employment opportunities to speak of. I had to move to the big city to get decent work, which was, in effect, what I did going to Seoul. The main difference is that big city isn't all that far from that little hometown and I am still in my home country.
I did have the sense to return in an economic upswing and get established before the inevitable downturn. For people in Korea now difficult choices must be made. |
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PRagic
Joined: 24 Feb 2006
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| Posted: Fri Apr 25, 2008 3:08 pm Post subject: |
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We are liquid at well over a million USD. Don't think many of my friends in N. America are.
Are you sure long-termers' perceptions are off, OP? If you are here long term, then you can take advantage of dips and fluctuations, investing here or 'back home' when opportunities come up, and exchanging when opportune. |
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kimchipig
Joined: 07 Mar 2008
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| Posted: Sat Apr 26, 2008 8:08 am Post subject: |
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| We are liquid at well over a million USD. Don't think many of my friends in N. America are. |
A million dollars teaching English? Well, I would like to see that bank account. |
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PRagic
Joined: 24 Feb 2006
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| Posted: Sat Apr 26, 2008 3:30 pm Post subject: |
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We've had our fingers in a few pies over the years, but I have always been a teacher, mostly at university. I know some corporate expats here, too, who are around that mark.
I know a few people over here who can say the same thing. All are university teachers. Some invest in real estate here or abroad, some invest in the market. All work hard and play hard, and all have been here long enough to have and leverage contacts. We work smarter, not harder. One goal is to make more for working less, and the other is to always have your money working for you.
I've been here 15 years already. What most don't realize is that you have to bank and save hard from the get-go. No, money is not everything, but if you want to be comfortable and retire (very) early, then you have to get serious early. Believe me, 10 or 15 years blows by before you know it. Get your money working for you now. |
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kimchipig
Joined: 07 Mar 2008
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| Posted: Sat Apr 26, 2008 3:57 pm Post subject: |
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| Some invest in real estate here |
Correction. Their Korean wives do. That said, if you have been there for fifteen years and have an astute Korea spouse, what you say is possible.
Having spent five years working at a Korean university, and a good one that, I am still skeptical. |
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