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jdog2050
Joined: 17 Dec 2006
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 Posted: Sat Oct 25, 2008 6:57 am Post subject: So, if/when the won hits 1100 again... |
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...mass exodus/status quo/mass influx
Mass exodus: people wake up and realize that ESL is a house of cards unless you work for a college or public school
Status quo: people use the non-retarded exchange rate to send things hom and wait it out.
Mass influx: because things are just a shitty back home |
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pkang0202
Joined: 09 Mar 2007
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| Posted: Sat Oct 25, 2008 7:07 am Post subject: |
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New people don't really have an idea what the Won rates were in the past.
Hell, most people on here didn't realize the Won was this bad 3-4 years ago. |
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beast
Joined: 28 Jan 2003
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| Posted: Sat Oct 25, 2008 7:18 am Post subject: |
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| I don't see how working for a public school or college could help you when the Won drops like this. |
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beast
Joined: 28 Jan 2003
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| Posted: Sat Oct 25, 2008 7:19 am Post subject: |
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| Unless the OP thinks that college profs or public school slaves get paid in dollars. |
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Bibbitybop
Joined: 22 Feb 2006
Location: Seoul
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| Posted: Sat Oct 25, 2008 7:24 am Post subject: |
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| beast wrote: |
| Unless the OP thinks that college profs or public school slaves get paid in dollars. |
4-5 months vacation is a huge perk, even if the won sucks. Plus you can often work for the uni during vacation, or work in another country, if you want to add to your income. |
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call_the_shots
Joined: 10 Oct 2008
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| Posted: Sat Oct 25, 2008 3:59 pm Post subject: |
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| pkang0202 wrote: |
New people don't really have an idea what the Won rates were in the past.
Hell, most people on here didn't realize the Won was this bad 3-4 years ago. |
From oanda.com:
rates 1/1/2003-12/31/2007
Highest: 1265.4 (4/1/2003)
Lowest: 899.69 (11/1/2007) |
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nuthatch
Joined: 21 Feb 2008
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| Posted: Sat Oct 25, 2008 6:05 pm Post subject: |
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Bibbitybop wrote:
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| -5 months vacation is a huge perk, even if the won sucks. Plus you can often work for the uni during vacation, or work in another country, if you want to add to your income. |
yes, but the previous poster had also mentioned public schools - and your idea does not apply to some public schools
my public school contract alllows only two weeks vacation
so the money for these ps positions is not worth it |
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jdog2050
Joined: 17 Dec 2006
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| Posted: Sun Oct 26, 2008 7:04 am Post subject: |
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| nuthatch wrote: |
Bibbitybop wrote:
| Quote: |
| -5 months vacation is a huge perk, even if the won sucks. Plus you can often work for the uni during vacation, or work in another country, if you want to add to your income. |
yes, but the previous poster had also mentioned public schools - and your idea does not apply to some public schools
my public school contract alllows only two weeks vacation
so the money for these ps positions is not worth it |
because public schools are way more inflation proof than hagwons. |
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DCJames
Joined: 27 Jul 2006
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| Posted: Sun Oct 26, 2008 8:53 am Post subject: Re: So, if/when the won hits 1100 again... |
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| jdog2050 wrote: |
Mass exodus: people wake up and realize that ESL is a house of cards unless you work for a college or public school
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I work for a university and can assure you that university work is a house of cards as well... |
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DCJames
Joined: 27 Jul 2006
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| Posted: Sun Oct 26, 2008 8:58 am Post subject: |
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| Bibbitybop wrote: |
| beast wrote: |
| Unless the OP thinks that college profs or public school slaves get paid in dollars. |
4-5 months vacation is a huge perk, even if the won sucks. Plus you can often work for the uni during vacation, or work in another country, if you want to add to your income. |
Don't even think about long vacations in Thailand / Philippines. Incredibly expensive airplane tickets that are always more expensive when we get vacation time and the feeble wons performance against these countries' currencies means we have to stay in Korea longer. 
What's the point of all that vacation time, if you can't actually afford to take long vacations in a country with nice beaches???  |
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PRagic
Joined: 24 Feb 2006
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| Posted: Sun Oct 26, 2008 4:19 pm Post subject: |
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Trips will be fantastic when the flight prices start tanking. We can get the uber cheap flights out of Seoul paying in Korean won, and then pay for the actual vacation in the dollars and yen we've had stashed for years.
So the 5 months of paid vacation are still looking pretty damn good from where I stand. We got some amazing deals back in late 97-99, and the airport was a ghost town. |
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blurgalurgalurga
Joined: 18 Oct 2007
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| Posted: Sun Oct 26, 2008 4:43 pm Post subject: |
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| I'm not sure what I'll do for my vacation this winter...I'm leaning towards working a bit, and getting some dental work. I was thinking Phillipines or China or Thailand but the exchange rates are of course pretty unfavourable. Getting some teeth fixed might be the best whomp for my won, so to speak. |
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Jeff's Cigarettes
Joined: 27 Mar 2007
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| Posted: Sun Oct 26, 2008 4:52 pm Post subject: |
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| blurgalurgalurga wrote: |
| I'm not sure what I'll do for my vacation this winter...I'm leaning towards working a bit, and getting some dental work. I was thinking Phillipines or China or Thailand but the exchange rates are of course pretty unfavourable. Getting some teeth fixed might be the best whomp for my won, so to speak. |
Better still, "the most 'chomp' for your won".
I have a rental property in Thailand and my tenant pays the rent directly into my bank acct so I never have to worry about exchange rates when I go to Thailand. Spending money for free plus the property value has increased almost two fold now since buying in 2000. |
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