Korean Job Discussion Forums

[Joe Boxer]

I'd never do it, but I remember that it was common for teachers of after school programs to do it.

Is it still happening?

[Ramen]

Why do you ask?

You're a loser if you do.

[lifeinkorea]

That is really stupid if people do it. One time a school thought they deposited money into my account that was supposed to go to another teacher. So, I gave them my bankbook. They updated it to see exactly how much I received.

Maybe you are confusing the ATM card with bankbook. They can't do anything with bankbooks. Whenever I tried (with 4 banks), they always required me to present my ARC card.

[Ramen]

[BoholDiver]

Korea doesn't have much for privacy laws. I bet they could.

[lifeinkorea]

[Pikkle]

You can use the bank book at the bank and at some ATMs instead of your ATM card. I've done it. And I've never been asked for my ARC except when they first opened my account.

[lifeinkorea]

[ChilgokBlackHole]

So let's say you don't want to pay taxes on all the money you make from your after school program. Here's what you do:

1) Get your Foreign Teacher's ATM card, PIN, and account number.
2) Receive 200 from each parent. Wait until you collect it all. Deposit in FT's account.
3) From the FT's account, by way of other legitimate business, pay your facility, your staff, and yourself.
4) Leave enough cash in there to cover your FT's contract.

Now, if anybody asks, say you only charged 100 for the program. By that time, your FT will be gone, and any forensic action on the account will be moot. For all you know he was a dirty druggie working illegal privates, that's how he made all that cash.

And that's what you tell Revenue Korea if they ever come knocking.

[Joe Boxer]

ChilgokBlackHole,
From everything I had heard, your step-by-step sounds about right.

I knew of an Aussie that had been doing the afterschool program at a public school near me. GREAT pay and hours, with the downside being that he had to open a bank account and give his ATM card and PIN#. He didn't mind it at all! He's been gone now for two years, but I wonder if that bank account is still "active".

Who knows what kind of funny business it's being used for now...

I know that the handing over of the ATM and PIN was very common a couple years ago, for the afterschool program. I wonder if it's still happening?

I would REALLY like to hear about a teacher clearing out the account of ALL the funds in the last month, and saying "see ya!"

[lifeinkorea]

[TheUrbanMyth]

[Ramen]

[lifeinkorea]

[big_fella1]