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Louie
Joined: 12 Oct 2008
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Posted: Thu Oct 23, 2008 3:55 pm Post subject: I dare to say this |
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There was an article in the Korea Times several years ago that said that the two biggest sectors of the economy that are considered 'recession proof' and in fact see a huge growth are:
1. Prostitution
2. ESL
Lets steer away from the first one and let�s discuss the second one in-depth a little...
Despite the fact that Korea is following in the global spiral downward into the economic doldrums. Despite the fact that many other companies are and will be laying people off from jobs that were considered stable and secure- Koreans will always seek a way to improve their competitiveness with others in the job market- that is where you, as ESL/EFL teachers, come into play.
You can bank on this immense opportunity to cash in on the chance to make as much as 5 to 7 million won per month, sometimes just working the same amount of time as you would in a western country.
The key is to not to convert your money into $US, $CN, $AU, $NZ or BrPS- keep it all in KW.
Also if you have a good chance to do privates- do them!
As long as you are discreet and don't give the impression you are on your way to doing a part-time job (the reason many people get caught is because they broadcast that they are indeed doing some kind of part-time work), you can make three times more than what you would make at your regular day job with less effort (as long as you know how to prepare your lesson material and don't expect to get paid for just "talking" to them)
A bulk of the money I made to go partying on the weekends and such was from my part time work, with much of my full-time pay going into my savings.
I know there will be others who will say "Don't listen to him" or "Don't do it because it is illegal and I heard of a friend of a friend of a friend who was caught doing privates."
Most of the time, you can find ways to go about doing privates without getting caught (and remember, most of the time now, not only are the foreigners the ones being punished, but also the person hiring the foreigners also). As long as you keep a low-key existence, you can't get caught.....and you can line your pockets with as much money as you possible make in this underground economic field.... |
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poet13
Joined: 22 Jan 2006 Location: Just over there....throwing lemons.
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Posted: Thu Oct 23, 2008 5:54 pm Post subject: |
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There's a thread for this in stickies...second from the top I think. |
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SaveTheWhales
Joined: 14 Jun 2006 Location: Busan
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Posted: Thu Oct 23, 2008 10:49 pm Post subject: |
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Man oh man, I am dobbing... |
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Joe Boxer

Joined: 25 Dec 2007 Location: Bundang, South Korea
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Posted: Fri Oct 24, 2008 12:11 pm Post subject: |
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Louie,
If you were a prospector in the 1890's, you'd be the fool at the local tavern, announcing where you struck gold. |
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Netz

Joined: 11 Oct 2004 Location: a parallel universe where people and places seem to be the exact opposite of "normal"
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Posted: Fri Oct 24, 2008 3:31 pm Post subject: |
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The first rule of "Fight Club" is.................. |
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PRagic

Joined: 24 Feb 2006
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Posted: Fri Oct 24, 2008 3:47 pm Post subject: |
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Hakwons of all types will be overflowing as will universities and grad programs. People who had been putting off graduating to travel or whatnot will be hightailing it back to school to graduate and get a job. Good luck, though.
Health care and education are two bullet proof industries. Everyone gets sick and everyone gets old. In good times, people go to school because they can afford it or their company pays for it. In bad times, people go to school to try and increase their competitiveness in a tight job market. |
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richinlondon
Joined: 17 Oct 2008
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Posted: Fri Oct 24, 2008 4:33 pm Post subject: Re: I dare to say this |
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Louie wrote: |
you can make three times more than what you would make at your regular day job with less effort (as long as you know how to prepare your lesson material and don't expect to get paid for just "talking" to them) |
One problem I hit when I was in Korea...when you say prepare material, do you mean from the internet or actual textbooks provided? Would a full TEFL course give me the skills to 'prepare' like this? I did spend one month talking about all kinds of random things! How to count to 1 million and the subtleties of sarcasm in the British culture and how to know when someone is taking the piss out of you (as a Korean living in the UK!)
Sorry, maybe a bit off topic but still.... |
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Ukon
Joined: 29 Jan 2008
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Posted: Fri Oct 24, 2008 4:59 pm Post subject: |
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PRagic wrote: |
Health care and education are two bullet proof industries. Everyone gets sick and everyone gets old. In good times, people go to school because they can afford it or their company pays for it. In bad times, people go to school to try and increase their competitiveness in a tight job market. |
And police work.....my parents are riding out this recession like kings.  |
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Louie
Joined: 12 Oct 2008
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Posted: Mon Oct 27, 2008 7:00 am Post subject: |
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It's not foolish to give people advice as to what to do, it is called transparency- I believe that all should benefit from the information provided on this site...If I could weather out the storm in '01, you can do the same in '08.
As for making materials, I would make my own lesson sheets that I would give to my students. These lesson sheets covered such topics as Grammar, Pronunciation, Listening skills and reading.....depending on the level the students are....Also, you will most likely be stopped and questioned if you have books in your hands, but with these lesson sheets, you can place them in ordinary stuff like folders and such.....
I taught a friend of mine who was heading to Korea my methods of teaching. He is now making well over 3 million a month on private lessons alone.
A good teacher is one who is willing to HELP others, not hide from them...... |
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Been There, Taught That

Joined: 10 Apr 2007 Location: Mungyeong: not a village, not yet a metroplex.
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Posted: Mon Oct 27, 2008 4:04 pm Post subject: |
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Ukon wrote: |
PRagic wrote: |
Health care and education are two bullet proof industries. Everyone gets sick and everyone gets old. In good times, people go to school because they can afford it or their company pays for it. In bad times, people go to school to try and increase their competitiveness in a tight job market. |
And police work.....my parents are riding out this recession like kings.  |
And vehicle maintenance. People who don't need cars still love to drive. And the older the car. . .well, the more loved. Plus, more people can't afford to get a new one, and must maintain. |
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Joe Boxer

Joined: 25 Dec 2007 Location: Bundang, South Korea
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Posted: Mon Oct 27, 2008 9:12 pm Post subject: |
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Louie wrote: |
If I could weather out the storm in '01, you can do the same in '08. |
What does that mean? I was here in '01. What "storm" did you weather out? |
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Louie
Joined: 12 Oct 2008
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Posted: Tue Oct 28, 2008 5:40 am Post subject: |
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Quote: |
What "storm" did you weather out? |
The 2001 economic recession. |
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ontheway
Joined: 24 Aug 2005 Location: Somewhere under the rainbow...
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Posted: Tue Oct 28, 2008 7:47 am Post subject: |
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Louie wrote: |
Quote: |
What "storm" did you weather out? |
The 2001 economic recession. |
What recession in 2001 - in Korea? I didn't notice any recession here in 2001. |
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Korlingus
Joined: 01 Sep 2007
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Posted: Tue Oct 28, 2008 1:59 pm Post subject: Re: I dare to say this |
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Louie wrote: |
There was an article in the Korea Times several years ago that said that the two biggest sectors of the economy that are considered 'recession proof' and in fact see a huge growth are:
1. Prostitution
2. ESL
Lets steer away from the first one and let�s discuss the second one in-depth a little...
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What's the difference? An E-2 holder at a hagwon is essentialy being pimped by the wonjang, whereas the F visa holder is much like a call girl.  |
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Bigfeet

Joined: 29 May 2008 Location: Grrrrr.....
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Posted: Tue Oct 28, 2008 3:27 pm Post subject: |
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Education is recession proof in the US too. Gambling used to be, but maybe not in this case.  |
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