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Hatcher
Joined: 05 Jan 2007
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 Posted: Mon Sep 13, 2010 5:41 am Post subject: Any u think u make a lot from privates? |
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Tutor caught illegally earning hundreds of millions of won
By Park Si-soo
A Korean private tutor was caught earning more than 150 million won ($130,000) a month, without paying tax, from illegally teaching students in an apartment in the affluent southern Seoul.
Under the law, adults who are engaged in private tutoring are obliged to report their monthly income to the education authorities, a measure to prevent tax evasion. But many tutors ignore the rule.
The Seoul Metropolitan Office of Education was tipped off about the tutor who was known to be working in Dogok-dong.
He allegedly taught a group of students in a 337 square-meter (102 pyeong) apartment, charging about 10 million won per student per year. This is the first time that a tutor who has taken such a large amount of tutoring fees has been caught.
He is refusing to answer questions from the officials from the education office. |
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optik404
Joined: 24 Jun 2008
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| Posted: Mon Sep 13, 2010 6:07 am Post subject: |
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| That's a huge apt! |
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Globutron
Joined: 13 Feb 2010
Location: England/Anyang
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| Posted: Mon Sep 13, 2010 6:08 am Post subject: |
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| Pfft, Mines 338 Square Metres. |
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redaxe
Joined: 01 Dec 2008
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| Posted: Mon Sep 13, 2010 6:10 am Post subject: |
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| that's a Korean person not a foreigner |
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happiness
Joined: 04 Sep 2010
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| Posted: Mon Sep 13, 2010 6:12 am Post subject: |
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yea, its a kyopo of course.
when theyre famous, theyre korean though, you know  |
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Bibbitybop
Joined: 22 Feb 2006
Location: Seoul
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| Posted: Mon Sep 13, 2010 7:17 am Post subject: |
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| happiness wrote: |
yea, its a kyopo of course.
when theyre famous, theyre korean though, you know |
No, when a kyopo breaks the law in Korea, they are definitely portrayed as a foreigner. |
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AHawk843
Joined: 20 Jul 2010
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| Posted: Mon Sep 13, 2010 7:32 am Post subject: |
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| 130K a month? holy hell. |
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interestedinhanguk
Joined: 23 Aug 2010
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| Posted: Mon Sep 13, 2010 7:32 am Post subject: |
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| Bibbitybop wrote: |
| happiness wrote: |
yea, its a kyopo of course.
when theyre famous, theyre korean though, you know |
No, when a kyopo breaks the law in Korea, they are definitely portrayed as a foreigner. |
That's what happiness is saying. |
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coralreefer_1
Joined: 19 Jan 2009
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| Posted: Mon Sep 13, 2010 8:45 am Post subject: |
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I've met a few Koreans who "claimed" they were making that kind of money, and in all of those cases they were teaching subjects other than English.
I used to work with a guy who was getting 200,000 per hour to teach Korean literature. He had a PhD in K. Lit, his wife had no job, they had 2 beautiful daughters and were living in a sweet high rise apartment at Beomeo intersection in Daegu (as I understand it, next to gangnam this is the most expensive real estate in Korea)
Needless to say..he was doing pretty well considering all he did was teach private lessons. |
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Wai Mian
Joined: 03 Sep 2010
Location: WE DIDNT
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| Posted: Mon Sep 13, 2010 9:42 am Post subject: |
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| Why is the education board on him about this? Wouldn't this simply be a tax issue? Government intervention sparkling. |
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madoka
Joined: 27 Mar 2008
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| Posted: Mon Sep 13, 2010 12:57 pm Post subject: |
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| AHawk843 wrote: |
| 130K a month? holy hell. |
I'm willing to bet there is a digit off in the report. Even the "superstar" tutors who work UNGODLY hours can't break $1 million per year. The most I've ever heard of was between $500K to $850K. Plus from personal experience, I can tell you that you need to start hiring assistants once you hit a certain point. It becomes too difficult to juggle a lot of people. |
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dharmasister
Joined: 23 Aug 2010
Location: New Orleans, Louisiana
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| Posted: Mon Sep 13, 2010 1:43 pm Post subject: |
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| What kind of visa do you need to get to legally take side jobs tutoring? |
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sulperman
Joined: 14 Oct 2008
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| Posted: Mon Sep 13, 2010 2:38 pm Post subject: |
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What an idiot. If he could get that kind of cash (if that is even possible) why not do it legally and keep that gravy train running forever?
Also, I'd like to see these classes. The idea of a "superstar teacher" is so silly. What on earth is he doing in these classes to make people think it is worth that much money? |
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Hatcher
Joined: 05 Jan 2007
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| Posted: Mon Sep 13, 2010 2:51 pm Post subject: GMAT math guy |
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I know one guy who teaches GMAT math and he makes 1 mill USD a year.
He is Korean. |
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crossmr
Joined: 22 Nov 2008
Location: Hwayangdong, Seoul
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| Posted: Mon Sep 13, 2010 2:55 pm Post subject: |
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| madoka wrote: |
| AHawk843 wrote: |
| 130K a month? holy hell. |
I'm willing to bet there is a digit off in the report. Even the "superstar" tutors who work UNGODLY hours can't break $1 million per year. The most I've ever heard of was between $500K to $850K. Plus from personal experience, I can tell you that you need to start hiring assistants once you hit a certain point. It becomes too difficult to juggle a lot of people. |
There is no digit off the amount is given in won and dollars, he was a famous tutor in gangnam, charged a little under 1 million per month per student. He would have had around 150 students.
apparently he had a couple of people working with him. |
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