Korean Job Discussion Forums

xCustomx · Joined: 06 Jan 2006

I'll keep this short. Would you advise moving to America this year? Or would it be better to try and ride out the economic problems in Korea for another year?

Kuros · Joined: 27 Apr 2004

mises · Joined: 05 Nov 2007 Location: retired

The very best place to be in a recession is in training. While Korea might offer a more stable income, going home and getting the education/career skills right is a better long term decision. Unless you're done schooling, in which case it depends on what your vocation is (assuming you aren't an esl teacher by trade).

xCustomx · Joined: 06 Jan 2006

I'm an American, planning to marry my girlfriend in the summer, have zero debt, and a significant amount of cash saved up.

The reason why I'm worried is because I will go to a pilot school and pay nearly $40,000 for all my pilot ratings. This will wipe out a lot of my savings, and jobs for pilots are very hard to find right now. It doesn't make a lot of sense to me to spend that much money on training, only to be unemployed once I finish in five or six months.

My girlfriend has waitied patiently for us to move and get married, and I have delayed the move for about two years, mostly because I wanted to save up enough money to pay for the pilot school in cash, and not have a huge amount of debt hanging over my head for 15-20 years. I make a decent amount of money here, and love my job. I wouldn't mind waiting another year to try and wait until things improve, but one of my fears is that I'll get too comfortable in Korea and never pursue my lifelong dream of becoming a pilot.

michaelambling · Joined: 31 Dec 2008 Location: Paradise

canuckistan · Posted: Mon Jan 26, 2009 4:17 pm Post subject:

Aviatin' is a boom or bust kind of business. When it's bust there's lots of out of work pilots--especially the newbies with low hours, and it's thousands to get yet another rating to fly this and that rig just to get a job (unless the company pays). Ditto for the mechanics who fix 'em.

I'd wait a year.

In the mean time you can get married at the courthouse in Seoul Smile

Ya-ta Boy · Joined: 16 Jan 2003 Location: Established in 1994

riverboy · Joined: 03 Jun 2003 Location: Incheon

I'd do what Yata boy says.

Follow the won. Many people feel it will have a good year against the dollar. It could mean a significant amount of money in the end..

D.D. · Joined: 29 May 2008

I wasted 3 years of my life trying to be a pilot.

If you don't have a father who is a pilot or family connections don't do it.

Even people with connections are struggling for work.

The days of a pilot being a good job ended in the late 80"s. Now it is longer hours and discount carriers for discount wages.

Flying from point a to point b is very boring. I do enjoy flying when there is not a flight plan but flying for a job would be so boring.

I had flight hours, high grades, and high air force test scores but was still waiting for a plane in the Canadian air force after two years. I was was of the lucky ones as most people failed.

I though then if the air force had no spots I would go to a good pilot academy. Soon found out that the best schools take pilot's sons even when they have low grades over people like me.

Landing a job is so difficult and after 20 years people I know who stuck with it are flying smaller planes for small carriers. Those people also had fathers who were pilots.

mises · Joined: 05 Nov 2007 Location: retired

Jati · Joined: 13 Dec 2008

michaelambling · Joined: 31 Dec 2008 Location: Paradise

djsmnc · Joined: 20 Jan 2003 Location: Dave's ESL Cafe

yawarakaijin · Joined: 08 Aug 2006

Bucheonguy · Joined: 23 Oct 2008 Location: Bucheon

The US dollar is going to crash completely. It's going to be valueless and it's just a matter of when not if at this point. Consider the fact that they have increased the money supply by 70% this year. That money has yet to really impact the dollar value. Also, as other countries dump their US dollars that money will hit the market again too. This will probably happen sometime within the next year. If it doesn't it will be a miracle!

So is Korea the right place? That depends. I'm not sure if the won is pegged by the dollar. If it is, than Korea will be just as bad. However, though Korea will suffer greatly as well and it has all ready begun, Korea has a solid manufacturing base still which will help them weather the storm. The US has nothing left. Korea will go down too but not as hard I'd imagine.

So the best thing to do is go somewhere with a currency that is pegged by several different currencies such as Malaysia or a country that deals with other countries in things like natural resources. South America will be good spot since the continent produces lots of stable products such as metals which China is swallowing up.

That's my suggestion. I'd also pull my money out of the US and put it into gold or silver or something or another currency that won't be devalued. If I had money or really thought I could escape the impending global depression that's what I'd do.

The US is going to suck and only get worse next year I believe.