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marlow
Joined: 06 Feb 2005
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 Posted: Thu Oct 23, 2008 8:56 pm Post subject: Korea or Japan? |
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Wonderfully funny in a shoot yourself kind of way that with the dollar in the middle the yen and won are playing teeter-totter. Unfortunately there's more teeter than totter.
http://www.bloomberg.com/apps/news?pid=20601080&sid=aRrNrLfP_Fxo&refer=asia
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Yen Rises to 13-Year High Against Dollar as Carry Trades Cut
``I can't rule out the scenario where the yen rises even faster than I had anticipated,'' said Toru Umemoto, chief currency analyst in Tokyo at Barclays Capital, Britain's third- biggest lender. ``Speculators are unwinding carry trades. This risk aversion is coming from the credit crunch and the chance of a global recession.''
The yen rose to 95.34 per dollar, the highest level since 93.28 on Aug. 15, 1995, and traded at 95.84 at 1:13 p.m. in Tokyo from 97.31 late yesterday in New York. Against the euro, it climbed to 121.75, the strongest level since November 2002, before trading at 122.57 from 125.89. The euro bought $1.2786 from $1.2934 yesterday, when it reached $1.2728, the lowest level since November 2006. The yen may rise to 90 per dollar by the end of March, Umemoto said. |
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Yu_Bum_suk
Joined: 25 Dec 2004
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| Posted: Thu Oct 23, 2008 9:01 pm Post subject: |
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| So we can also cross Japan off the list of good holiday destinations, I suppose. |
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PeterDragon
Joined: 15 Feb 2007
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| Posted: Thu Oct 23, 2008 9:08 pm Post subject: |
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| .. And add yes to the list of currencies to purchase. God DAYUM, I think I just decided which currency to convert my paycheck to for the time being.... |
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marlow
Joined: 06 Feb 2005
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| Posted: Thu Oct 23, 2008 9:46 pm Post subject: |
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| The won has declined 44% against the yen in the past year. So by how much has your savings potential compared with Japan changed? That's right. |
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maingman
Joined: 26 Jan 2008
Location: left Korea
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| Posted: Fri Oct 24, 2008 12:38 am Post subject: , |
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Yu-Bum-Suk wrote :
So we can also cross Japan off the list of good holiday destinations, I suppose.
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hagwonnewbie
Joined: 09 Feb 2007
Location: Asia
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| Posted: Fri Oct 24, 2008 1:44 am Post subject: |
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The answer to the OP's question will be apparent in February after the new school year begins.
There are only 2 paid national holidays in 2009 from January 28 to December 24. That's 2 paid holidays and 5 days of vacation over the course of 10 months for the people getting suckered into working at academies.
Only the other hand, Japan is cleaner, offers higher salaries and has many more paid national holidays. |
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oskinny1
Joined: 10 Nov 2006
Location: Right behind you!
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| Posted: Fri Oct 24, 2008 6:58 am Post subject: |
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| hagwonnewbie wrote: |
The answer to the OP's question will be apparent in February after the new school year begins.
There are only 2 paid national holidays in 2009 from January 28 to December 24. That's 2 paid holidays and 5 days of vacation over the course of 10 months for the people getting suckered into working at academies.
Only the other hand, Japan is cleaner, offers higher salaries and has many more paid national holidays. |
At my job I do not get ANY national holidays off, but they add them up and give me a couple weeks in winter and summer off instead. I think it is better than a day off here and there.
My job is in Japan. |
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Suwon23
Joined: 24 Jan 2008
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| Posted: Fri Oct 24, 2008 7:45 am Post subject: |
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I predict 100+ pages.
Korea: more money, in terms of what you can buy, plus free apartment
Japan: more money in absolute terms, but high prices and no free apartment
Korea: extremely dirty with occasional shoving
Japan: pathological dedication to cleanliness and politeness
Korea: your boss might try to bully you into working extra hours or skimp on pension
Japan: your boss might disappear overnight and leave naught but a forwarding address in the Dutch Antilles
Korea: cheap food of low quality
Japan: expensive food of high quality
Korea: bitchy, ignorant foreigners
Japan: happy, well-adjusted foreigners
Korea: girls look so good it should be a crime
Japan: girls look like dental hygiene is a crime
Korea: central heating, ubiquitous AC, moderate insulation
Japan: indoor/outdoor distinction exists only in the mind
Korea: waterpark shower fixtures
Japan: waterpark shower fixtures rare, but where present coupled with indoor winter frost
Korea: cult of victimhood
Japan: rape by tentacle monster |
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Tommy
Joined: 24 Aug 2005
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| Posted: Fri Oct 24, 2008 7:51 am Post subject: |
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| hagwonnewbie wrote: |
There are only 2 paid national holidays in 2009 from January 28 to December 24. |
Wow... did not realize that. Good to know. |
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call_the_shots
Joined: 10 Oct 2008
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| Posted: Fri Oct 24, 2008 2:35 pm Post subject: |
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| Japan's job market for English teachers has always been more competitive than Korea's. This will be even more true now. |
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maingman
Joined: 26 Jan 2008
Location: left Korea
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marlow
Joined: 06 Feb 2005
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| Posted: Sun Oct 26, 2008 4:31 pm Post subject: |
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| call_the_shots wrote: |
| Japan's job market for English teachers has always been more competitive than Korea's. This will be even more true now. |
So Korea is going to get the sucky teachers. |
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laogaiguk
Joined: 06 Dec 2005
Location: somewhere in Korea
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