|
Korean Job Discussion Forums
"The Internet's Meeting Place for ESL/EFL Teachers from Around the World!"
|
| View previous topic :: View next topic |
| Author |
Message |
Cohiba
Joined: 01 Feb 2005
|
 Posted: Mon Apr 28, 2008 3:01 am Post subject: Why it is OK for Longtimers to Teach Privates. |
 |
|
If you are a fresh faced young graduate with no experience doing
anything and fingers still covered in ink from your last exam, then
perhaps 2 million in a hagwon and a little Asian tourism is right for
you.
However, if you are in Korea to make a "living", then anything under
5M/mo. is just not going get you very far. Check out this article from
someplace:
http://www.korealawblog.com/entry/average_seoul_apartment_price_exceeds_w500_million/
| Quote: |
30-pyong Seoul Apartments Pass W500 Million
The average price of a 30-pyong apartment in Seoul has surpassed W500,000,000.
According to real estate advisory firm Budongsan Bank on the 20th, the average price of an 85m� apartment has broken through the W500 million level to reach W511,800,000. It�s been only a year and 10 months since the price passed W400 million on June 4, 2006.
By district, Kangnam-gu and Seocho-gu were in first and second place with average prices of W1,477,100,000 and W983,970,000, respectively; other districts came in at W773,910,000 in Songpa-gu; W744,140,000 in Yongsan-gu; W629,580,000 in Kwangjin-gu; W531,600,000 in Chung-gu; W525,130,000 in Seongdong-gu; W521,670,000 in Mapo-gu. Nowon-gu, after its recent sharp spike in apartment prices, remains below the W500 million level at W429,330,000. |
Do you think your little hagwon scrapings or uni money will get you one
of those? Not likely. If you have settled here and have a family the most
you will face getting caught teaching privates is probably a few million
won fine. PEANUTS! If you don't start pulling in those green slips of
paper you will be living in a crap hole for the rest of your life. Ya gotta
role the dice if you want to win. If you don't, you are not even in the
game.
Before people jump on me for this let me say that I wish foreigners
could do freelance work legally (like Japan), but since we can't we
are economically FORCED into breaking the law if we want to succeed
in this society.
I, on the other hand, am immune from all of this because I live in a VW
van near City Hall Station in Seoul with a Chinese wife and a Korean
wife, both of whom are pregnant from other people. |
|
| Back to top |
|
 |
Gwangjuboy
Joined: 08 Jul 2003
Location: England
|
| Posted: Mon Apr 28, 2008 3:09 am Post subject: |
|
|
| 500 million (about 250,000 pounds) is not that much really. However, it is beyond the reach of those earning 2.3 million won a month. |
|
| Back to top |
|
|
itaewonguy
Joined: 25 Mar 2003
|
| Posted: Mon Apr 28, 2008 4:42 am Post subject: |
|
|
| Gwangjuboy wrote: |
| 500 million (about 250,000 pounds) is not that much really. However, it is beyond the reach of those earning 2.3 million won a month. |
well its beyond the reach of most people here..
thats why koreans spend their whole lives paying off a house..
just like people back home... it all balances out in the end..
you buy a house, you buy a car! you work! you meet your friends!
you take a vacation! you buy a tv! you go shopping for food once a week
doing it here in korea or doing back home! life is the same! and in the end you end up in a box 6 feet under! so take my advice! live where it makes you happy! not where you think you need to be becuase of the money!
do as the koreans do! make as much money as you can in this life, so you can pass it own to your child, that way he doesnt have to work 40 years of his life to just get a house! all the koreans you see living in nice places or were given a house at marrage well their parents or grandparents did just that!!
while our parents didnt!! respect to the koreans for that one! |
|
| Back to top |
|
|
pkang0202
Joined: 09 Mar 2007
|
| Posted: Mon Apr 28, 2008 4:52 am Post subject: |
|
|
So much for my plans to stay in Korea.
For 500,000,000w I could buy a luxurious 4-5 bedroom home in the US. |
|
| Back to top |
|
|
Typhoon
Joined: 29 May 2007
Location: Daejeon
|
| Posted: Mon Apr 28, 2008 4:53 am Post subject: |
|
|
| itaewonguy wrote: |
| Gwangjuboy wrote: |
| 500 million (about 250,000 pounds) is not that much really. However, it is beyond the reach of those earning 2.3 million won a month. |
well its beyond the reach of most people here..
thats why koreans spend their whole lives paying off a house..
just like people back home... it all balances out in the end..
you buy a house, you buy a car! you work! you meet your friends!
you take a vacation! you buy a tv! you go shopping for food once a week
doing it here in korea or doing back home! life is the same! and in the end you end up in a box 6 feet under! so take my advice! live where it makes you happy! not where you think you need to be becuase of the money!
do as the koreans do! make as much money as you can in this life, so you can pass it own to your child, that way he doesnt have to work 40 years of his life to just get a house! all the koreans you see living in nice places or were given a house at marrage well their parents or grandparents did just that!!
while our parents didnt!! respect to the koreans for that one! |
Well said. Live where you are happy and save what you can to help out your kids. |
|
| Back to top |
|
|
Gwangjuboy
Joined: 08 Jul 2003
Location: England
|
| Posted: Mon Apr 28, 2008 5:32 am Post subject: |
|
|
| Quote: |
do as the koreans do! make as much money as you can in this life, so you can pass it own to your child, that way he doesnt have to work 40 years of his life to just get a house! all the koreans you see living in nice places or were given a house at marrage well their parents or grandparents did just that!!
while our parents didnt!! respect to the koreans for that one! |
I can't disagree with this. The selfishness that permeates family relationships in the west is shocking. In this respect, we certainly have something to learn from Koreans. In the UK parents releive themselves of parental responsibilty when the child turns sixteen - sometimes much earlier. It's disgraceful. It's no coincidence that the UK has a huge number of men and women in their twenties who are devoid of the confidence necessary to function socially. In the UK, the money pigs of western democracy don't care either. Sadly, we are sitting on a powder keg, because the next generation is infinitely worse. As long as there is an influx of immigrants the money pigs don't need to worry about the labour market. |
|
| Back to top |
|
|
Gwangjuboy
Joined: 08 Jul 2003
Location: England
|
| Posted: Mon Apr 28, 2008 5:33 am Post subject: |
|
|
| Quote: |
do as the koreans do! make as much money as you can in this life, so you can pass it own to your child, that way he doesnt have to work 40 years of his life to just get a house! all the koreans you see living in nice places or were given a house at marrage well their parents or grandparents did just that!!
while our parents didnt!! respect to the koreans for that one! |
I can't disagree with this. The selfishness that permeates family relationships in the west is shocking. In this respect, we certainly have something to learn from Koreans. In the UK parents releive themselves of parental responsibilty when the child turns sixteen - sometimes much earlier. It's disgraceful. It's no coincidence that the UK has a huge number of men and women in their twenties who are devoid of the confidence necessary to function socially. In the UK, the money pigs of western democracy don't care either. Sadly, we are sitting on a powder keg, because the next generation is infinitely worse. As long as there is an influx of immigrants the money pigs don't need to worry about the labour market though. |
|
| Back to top |
|
|
Bibbitybop
Joined: 22 Feb 2006
Location: Seoul
|
| Posted: Mon Apr 28, 2008 6:21 am Post subject: |
|
|
| And yet I am still in a better spot than the public school Korean teachers I work: They won't every own their own apartment either and I can leave this country. |
|
| Back to top |
|
|
teachteach
Joined: 26 Mar 2008
|
| Posted: Mon Apr 28, 2008 8:11 am Post subject: |
|
|
Exactly. Every Korean I know who doesn't live at home lives in a place paid for in full by their parents. That's why they seem to have a lot more money flying around than westerners do.
Not to mention debt free education. |
|
| Back to top |
|
|
PGF
Joined: 27 Nov 2006
|
| Posted: Mon Apr 28, 2008 8:21 am Post subject: |
|
|
| pkang0202 wrote: |
So much for my plans to stay in Korea.
For 500,000,000w I could buy a luxurious 4-5 bedroom home in the US. |
in alabama...lol |
|
| Back to top |
|
|
Cheonmunka
Joined: 04 Jun 2004
|
| Posted: Mon Apr 28, 2008 2:34 pm Post subject: |
|
|
| Quote: |
| The selfishness that permeates family relationships in the west is shocking. In this respect, we certainly have something to learn from Koreans. In the UK parents releive themselves of parental responsibilty when the child turns sixteen - sometimes much earlier. |
This is very astute. This is what happened to me. On my sixteenth birthday I was pretty much pushed to go find my own way. Well, the family unit was broken up at that time so was no choice really.
I thought I was only one of few.
It's common place?
Hope the *beep* I don't do that with my own kids.
I'm arranging a house, but not in Seoul or Korea, a house with half acre in the hills of Auckland. 380 mill. Korean money. Bit of a better buy, if you ask me.
My kids can share that between them when I'm in the gurgler. |
|
| Back to top |
|
|
bogey666
Joined: 17 Mar 2008
Location: Korea, the ass free zone
|
| Posted: Mon Apr 28, 2008 2:51 pm Post subject: |
|
|
| Cheonmunka wrote: |
| Quote: |
| The selfishness that permeates family relationships in the west is shocking. In this respect, we certainly have something to learn from Koreans. In the UK parents releive themselves of parental responsibilty when the child turns sixteen - sometimes much earlier. |
This is very astute. This is what happened to me. On my sixteenth birthday I was pretty much pushed to go find my own way. Well, the family unit was broken up at that time so was no choice really.
I thought I was only one of few.
It's common place?
Hope the *beep* I don't do that with my own kids.
I'm arranging a house, but not in Seoul or Korea, a house with half acre in the hills of Auckland. 380 mill. Korean money. Bit of a better buy, if you ask me.
My kids can share that between them when I'm in the gurgler. |
for as many stories as yours.. there are equal and opposite amount of stories in the exact opposite.
PARIS HILTON is the best example.
Parents should ensure their kids get the best education possible.
And later.. if they can help on a down payment for the house, etc... sure, why not?
Buying them a house is preposterous.
Showering spoiled fucking rich brats with money and trust funds is a joke.
no fucking way am I living my entire life for my kids, should I choose to have them... and no way am I expecting much of anything from my parents either.
They've already contributed by in large part paying for my education.
p.s. I'm not super big on the Korean/some other cultures concept of "what parents say is the LAW" either. Once I'm an adult... my life is my life and how I choose to lead it is my business.
My parents have never been ones to interfere in a big way (besides they know it'd be useless to try) but I laugh my ass off every time I read these "Dear Advice Columnist" columns about people having isssues with parents interfering with their lives, marriages.... even marriage ceremonies.
too funny. |
|
| Back to top |
|
|
WoBW
Joined: 07 Dec 2007
Location: HBC
|
| Posted: Mon Apr 28, 2008 3:12 pm Post subject: Re: Why it is OK for Longtimers to Teach Privates. |
|
|
| Cohiba wrote: |
I, on the other hand, am immune from all of this because I live in a VW
van near City Hall Station in Seoul with a Chinese wife and a Korean
wife, both of whom are pregnant from other people. |
ROFL |
|
| Back to top |
|
|
Unposter
Joined: 04 Jun 2006
|
| Posted: Mon Apr 28, 2008 4:40 pm Post subject: |
|
|
If everyone's parents saved money to buy thier children houses, inflation would go through the roof - so to say - oh wait...that has already happened here.
I could be mistaken about this but I believe privates are illegal in Japan; it is just that your visa is portable from legitimate job to legitimate job.
And, there is no question, Korean prices are the equal of or greater than many parts of the world. It is hard to make your way in Korea on $2,000 a month, any more than you could in our home countries. The only differences...are considerably lower taxes, lower health care costs (if you are an American) and a great public transportation system that makes owning a car really unnecessary.
And, if you really think the Korean teachers at your school live on 2 mill or so, you are in for big surprise. Many of them earn 3 or more; I'm sure some earn over 4. All also get plenty of benefits on top of that. Furthermore, almost all of your woman teachers marry rich husbands. If they work in the Seoul area, they most likely have household incomes in the 10 million a month range. If it is a guy teacher, maybe its less, but he more than likely is married to another teacher and together make 6.
To the OP and all who care, yes, if you are not making 5 or more a month, you are probably not keeping up with the Jones.
And, for you who like conspiracy stories, FT salaries are the ultimate
c o c k b l o c k. |
|
| Back to top |
|
|
poet13
Joined: 22 Jan 2006
Location: Just over there....throwing lemons.
|
| Posted: Mon Apr 28, 2008 4:59 pm Post subject: |
|
|
I think the cost of living difference between metropolitan areas and the country must be getting bigger, cause we can still eat very well for a week on less than 100,000 won. Well means a box of jumbo shrimp a couple of times a week, a resaurant once, chicken or pork twice a day, lots of fresh veggies and fruit, loads of juices and milk, and beef maybe twice a month.
We are three, and banking almost a million a month. No way we could do that in the US or Canada. |
|
| Back to top |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
