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erinmack
Joined: 18 Jan 2011 Location: Oakland, CA
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Posted: Tue Feb 08, 2011 2:22 pm Post subject: Supporting two on a GEPIK salary? |
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I'm a female US/Irish citizen who's hoping to come to Korea this August to teach English, probably at a public school in Gyeonggi-do. I'm 35 and as I just earned my bachelor's degree last year, I'm quite accustomed to living on paltry wages. (At my most plush, I've barely broken $20k USD a year.) My 27-year-old partner (boyfriend of two years; I realize we'd have to marry for him to join me on a spouse visa) doesn't have a degree, but would like to join me as a non-worker. He may take online community college classes while in Korea, which would both help keep him occupied and earn him a bit of student aid cash. He's traditionally lived rather frugally as well, but has a few expensive if occasional vices (social drinking and smoking) I lack that he may be keen to indulge in an exciting new culture. Will we be able to hack it on 2.1 million won/month?
A few considerations:
1. Would the "single housing" provided by most schools be large enough for two people arriving without lots of stuff?
2. I'm a strict vegan, so while I anticipate cooking most of my meals at home, I realize that I may have to pay a premium for some particular food items, and that my meals out will be limited to a small (and more expensive) list of restaurants.
3. I will be paying to store my belongings (~$100/month) while I'm gone, and may be making modest student loan payments (~$150/month)
4. If my own experience as a community college student is any indication, he should be able to supplement our income by at least $500/month of student grants.
So basically, we're looking at two people who plan to do lots of cooking but hope to eat out a few times a week. We'd like to do some in-country travel (Jeju, Busan, Seoraksan), and possibly take a ferry to Qingdao and/or Fukuoka during our stay. We're happy to be flexible (i.e. take the bus rather than the train to save money) and needn't indulge many "shopping" impulses, though an occasional flea market or second-hand store would be up our alley. We'd enjoy the occasional jaunt to a karaoke bang, but aren't big partiers.
I realize that with only one of us working, we shouldn't expect to save a lot, but I'd be happy to come back with the severance pay and a great experience. My sweetie spent most of his late teens and twenties running a business and working long hours, so the chance to explore a new culture and indulge in some creative pursuits is something he'd really cherish.
Does this situation seem financially feasible? Not counting the prospect of his potential student aid, it seems like we'd be living on the US equivalent of around $2000, with rent taken care of. That seems quite reasonable to me, particularly if food/transport costs are less in Korea. |
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Xylox
Joined: 09 Jul 2010
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Posted: Tue Feb 08, 2011 2:29 pm Post subject: |
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Single person housing is about as big as a single person dorm. Theres enough space to physically exist with another individual. That being said, it could get pretty cramped mentally.
You'll be able to survive on 2.1 mil/month pretty easily. As long as your not out getting trashed several days a week or eating at outback steakhouse for breakfast you'll be fine.
Just be intelligent, don't spring for expensive crap you don't need, budget accordingly and you'll even save some cash. |
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jvalmer

Joined: 06 Jun 2003
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Posted: Tue Feb 08, 2011 2:49 pm Post subject: |
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If you consider taking a job outside of Seoul/Gyeonggi, you can potentially get a pretty big place. No guarantee though but often I've seen people put in 3 bedroom apartments. |
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winterfall
Joined: 21 May 2009
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Posted: Tue Feb 08, 2011 3:35 pm Post subject: |
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I'm supporting 3 on a SMOE entry level salary and student loans yea it is feasible. You can still eat out like twice a week and go out for drinks maybe once every other week. It might be hard for you to keep up the discipline though, since pretty much every other foreign teacher you'll meet will be splurging.
For your situation, if you can. I suggest you take the housing allowance that'll give you an extra 400 with GEPIK. And if your far enough you get the rural allowance, that's an extra 100. Usually there's nothing rural about the area, its just a distance thing. At least 1 hr from Seoul is the general standard
Of course you can only do the housing allowance, If you've got enough money saved up back home, around 10,000. You need it as a security deposit for korean apartments.
As for the space issue, I've got a 4 bedroom apartment in gyeonggi do. I pay 500 a month for rent. But I pay for it in having to commute everyday. Since your working out here, it shouldn't be a problem for you. With housing, generally the farther you get from Seoul the more bang you get for your buck. |
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sojusucks

Joined: 31 May 2008
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Posted: Wed Feb 09, 2011 5:38 am Post subject: Re: Supporting two on a GEPIK salary? |
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erinmack wrote: |
IA few considerations:
1. Would the "single housing" provided by most schools be large enough for two people arriving without lots of stuff?
2. I'm a strict vegan, so while I anticipate cooking most of my meals at home, I realize that I may have to pay a premium for some particular food items, and that my meals out will be limited to a small (and more expensive) list of restaurants.
3. I will be paying to store my belongings (~$100/month) while I'm gone, and may be making modest student loan payments (~$150/month)
4. If my own experience as a community college student is any indication, he should be able to supplement our income by at least $500/month of student grants. |
1. Unless you two are married, you may not be allowed to share the same house. I knew two teachers that were going to share a place until their schools found out they weren't married. It may or may not happen to you depending upon your principle. But if you are away from Seoul the chances are that it will happen to you.
2. Actually, buying products from back home are the most expensive. I would learn enough Korean to buy from an open air market (vendors with booths or a tarp). You can get a good deal, just be sure to wash all your food very well before cooking them. Also, if you go to the right restaurants, you can find meals for 5000 W.
3. Paying almost ~$250/mo. could be tough depending upon the exchange rate. I have lived through times when the won was stronger than the dollar and times when I could send back 1,000,000 Won and barely got anything. You could declare financial hardship with your student loans if this should happen . Having to pay ~$100/mo. is manageable I think. If the exchange rate is low, then you will have to go without on a few things but you should be able to pay it.
4. If he can supplement your income, that would be great and very useful. I don't think there are many grants or scholarship for distance learners. You may have to check out the specifics to make certain he would qualify.
Being single, I have been able to save 500,000 Won a month at times. That is with me buying Australian and American beef, which is expensive but still much cheaper than Korean beef. I could also eat out multiple times per week if I desired if I ate 5,000 Won meals. If you cook a lot and buy locally, then you should be able to live on little. I traveled on the weekends and even went scuba diving a couple times. Alcohol is expensive so if you don't plan on drinking then you will have a better chance of saving more money.
Don't expect too much. You can get your pension money back a few months after you have arrived back in your home country. You must let them know before you leave S. Korea and provide a bank account for them to transfer the funds to. I got the person's card. I had to email the guy to make sure he "remembered" to transfer the money. Only after contacting him did I receive the funds.
As for severance and the return airfare, most schools aren't giving their teachers this right now. There are many scams. One is to have you sign the contract for one date and then have you start your first date after the contract date. Technically you have worked less than one year and the school DOESN'T have to pay you these things. It is a very common ploy used on new teachers by both public and private schools. So be forewarned. Also, if you work for a hogwon, then you may not be paid regularly. A public school is better but still far, far from perfect.
Overall your plan seems feasible if you have some backup funds to bail you two out of there in case of an emergency. Good luck. |
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erinmack
Joined: 18 Jan 2011 Location: Oakland, CA
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Posted: Wed Feb 09, 2011 9:06 am Post subject: Thanks for the feedback! |
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@Xylox - Some of the recruitment sites I've checked out have had photos and videos of apartments that looked quite spacious. I can deal with a studio or efficiency, but "dorm room"-size sounds like it might be hard to manage.
@jvalmer - The only city outside of Seoul that I'm really open to is Busan. Would a bigger apartment be likely there as well?
@winterfall - "I suggest you take the housing allowance that'll give you an extra 400 with GEPIK." Being somewhat unfamiliar with how GEPIK works, I'm unclear as to what you mean here - do you mean that I should deny the free but school/gov't-assigned housing and instead opt to find my own? I'm afraid I don't have much in the way of savings, so coming up with "key money" may be difficult depending on how much it is. I don't mind living an hour or so from Seoul, though - a long commute is something I can handle, as long as it's an affordable one. And as you noted, if I were working in the satellite cities, I'd only have to "commute" on the weekends. Are some of these areas less expensive than others? I've mostly been thinking of the bigger cities like Incheon and Suwon, but perhaps I've overlooked a more affordable gem.
@sojusucks -
1. Well, we'd have to marry for him to get a visa to come to Korea, so that wouldn't be applicable.
2. I've started studying the hangul alphabet, and I think I can manage to learn the words for numbers and fruits/vegetables.
3. You raise a good point regarding the exchange rate. I may see what I can do about getting a forbearance/deferment, so I've just got the storage fee to worry about.
4. He'd be getting financial aid through the California community colleges, and then limiting himself to online classes. It's definitely going to take some creativity, but I think it's very much possible and I know folks who've done similar.
5. Pricey beef won't be an issue, as I'm vegan/vegetarian. I'm also a teetotaler/non-drinker, so alcohol's not a concern. My boyfriend does enjoy the occasional glass of wine or shot of vodka, but I imagine there are discounts to be had on some types of alcohol.
As far as scams, I figured that by working through GEPIK/EPIK, I'd be avoiding the traps that I may fall into with a hagwon. From what you're saying, though, it sounds like it depends on the individual school. Sounds like I'll have to be hypervigilant and make sure I dot every i. |
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erinmack
Joined: 18 Jan 2011 Location: Oakland, CA
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Posted: Wed Feb 09, 2011 9:10 am Post subject: Thanks for the feedback! |
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@Xylox - Some of the recruitment sites I've checked out have had photos and videos of apartments that looked quite spacious. I can deal with a studio or efficiency, but "dorm room"-size sounds like it might be hard to manage.
@jvalmer - The only city outside of Seoul that I'm really open to is Busan. Would a bigger apartment be likely there as well?
@winterfall - "I suggest you take the housing allowance that'll give you an extra 400 with GEPIK." Being somewhat unfamiliar with how GEPIK works, I'm unclear as to what you mean here - do you mean that I should deny the free but school/gov't-assigned housing and instead opt to find my own? I'm afraid I don't have much in the way of savings, so coming up with "key money" may be difficult depending on how much it is. I don't mind living an hour or so from Seoul, though - a long commute is something I can handle, as long as it's an affordable one. And as you noted, if I were working in the satellite cities, I'd only have to "commute" on the weekends. Are some of these areas less expensive than others? I've mostly been thinking of the bigger cities like Incheon and Suwon, but perhaps I've overlooked a more affordable gem.
@sojusucks -
1. Well, we'd have to marry for him to get a visa to come to Korea, so that wouldn't be applicable.
2. I've started studying the hangul alphabet, and I think I can manage to learn the words for numbers and fruits/vegetables.
3. You raise a good point regarding the exchange rate. I may see what I can do about getting a forbearance/deferment, so I've just got the storage fee to worry about.
4. He'd be getting financial aid through the California community colleges, and then limiting himself to online classes. It's definitely going to take some creativity, but I think it's very much possible and I know folks who've done similar.
5. Pricey beef won't be an issue, as I'm vegan/vegetarian. I'm also a teetotaler/non-drinker, so alcohol's not a concern. My boyfriend does enjoy the occasional glass of wine pr shot of vodka, but I imagine there are discounts to be had on some types of alcohol.
As far as scams, I figured that by working through SMOE/GEPIK/EPIK, I'd be avoiding the traps that I may fall into with a hagwon. From what you're saying, though, it sounds like it depends on the individual school. Sounds like I'll have to be hypervigilant and make sure I dot every i. |
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blobbo
Joined: 08 Feb 2011
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Posted: Wed Feb 09, 2011 9:16 am Post subject: |
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Some of the places they put you in are tiny. I think you can also get the housing allowance instead but how hard it is to get from you school will depend on the institution. The school put down an outrageous amount of 'key money' to rent a place, so it might not be as easy as housing you from one place to the next if key money is stuck somewhere. |
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winterfall
Joined: 21 May 2009
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Posted: Wed Feb 09, 2011 3:11 pm Post subject: Re: Thanks for the feedback! |
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erinmack wrote: |
@winterfall - "I suggest you take the housing allowance that'll give you an extra 400 with GEPIK." Being somewhat unfamiliar with how GEPIK works, I'm unclear as to what you mean here - do you mean that I should deny the free but school/gov't-assigned housing and instead opt to find my own? I'm afraid I don't have much in the way of savings, so coming up with "key money" may be difficult depending on how much it is. I don't mind living an hour or so from Seoul, though - a long commute is something I can handle, as long as it's an affordable one. And as you noted, if I were working in the satellite cities, I'd only have to "commute" on the weekends. Are some of these areas less expensive than others? I've mostly been thinking of the bigger cities like Incheon and Suwon, but perhaps I've overlooked a more affordable gem.
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Yea you would have to find your own housing. You can opt to switch to your own after the 1st contract. It's completely in your right. But it may harm your relationship with your school. There's a very good chance that they either payed the key money for a place for their Foreign teachers or they found a place that doesn't require key money so they want to hang onto it.
So if you go to the school with your housing already settled, no harm no foul. But if you change to your own later on, it might cause problems.
Now about the housing allowance. You can either take the provided housing or opt for a 400,000 allowance (GEPIK), SMOE gives 500,000. That's added to your salary every month. So if you start at 2.0 million a month, you'll get 2.5 instead.
When you take into account the lower living standards in general Gyeonggi do, besides Illsan and maybe Bucheon. The 400,000 should be enough to cover rent and most of your bills plus may leave enough left over for some of your groceries. That's why if you can find your own place and if you've got enough money to cover key money. You should take the allowance. You make more money in the long run.
But if you don't think it's feasible you can always try switching later if your school's okay with it or aim for the rural bonus that'll give you 100,000 if you qualify. It's based on the distance of the school from a major city.
And there's also special commuter cards you can get if you think you think you'll be riding the subway often. Since I commute to Seoul everyday my monthly subway bill should be around 120. Because I've got the card I only pay 45. |
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Slowmotion
Joined: 15 Aug 2009
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Posted: Wed Feb 09, 2011 3:43 pm Post subject: |
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Honestly I don't think it'll be easy if you live in Seoul and cities bordering Seoul.
Also whoever said get the housing allowance instead, NO! Because Key money won't be provided. I highly doubt she has 5 to $10k to cough up for key money. |
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creeper1
Joined: 30 Jan 2007
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Posted: Wed Feb 09, 2011 4:09 pm Post subject: |
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What you might not appreciate from far off is just how crowded SK is. 55 million people crammed into a country the size of Ireland. The majority of them in Seoul. If you want a big apartment you aren't likely to get it in Seoul, Gyeonggi Do or Busan. Having said that you may be able to get multiple offers and choose the one with the best accomodation. People say the job market is tight (which it is for PS) but regardless young females do well with job offers (maybe stretching it a bit at 35)
From a purely financial basis you would be better off leaving your bf at home or abandoning the whole korea idea. He can't work here legally without a degree. Two incomes are going to make things easier than merely one. Can't he get some kind of degree? They accept even 3 year degrees here in psychology or liberal arts for an e-2. Anything at all is basically enough. |
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snowysunshine
Joined: 06 Dec 2009
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Posted: Wed Feb 09, 2011 5:02 pm Post subject: |
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I came with my husband, with only me working. It's do-able. Some schools will have bigger apartments, and some not so much, but you just learn to deal with it, right?
I think you will be fine!
The easiest way for him to stay is for you to be married, and get an F3. |
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Xylox
Joined: 09 Jul 2010
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Posted: Wed Feb 09, 2011 9:13 pm Post subject: Re: Thanks for the feedback! |
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erinmack wrote: |
@Xylox - Some of the recruitment sites I've checked out have had photos and videos of apartments that looked quite spacious. I can deal with a studio or efficiency, but "dorm room"-size sounds like it might be hard to manage. |
Its true, I've met a few foreigners who had huge places, and a good friend of mine is currently set up in a 3 bedroom apartment by himself. They lived way out in the sticks though, like hours and hours from any nearby big cities.
Personally, I live about an hour away from Seoul and my apartment is about as big as a dorm room. You might get lucky, but if your anywhere near Seoul then prepare for the worst. |
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willteachforfood
Joined: 24 Jan 2011
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Posted: Thu Feb 10, 2011 12:53 am Post subject: |
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If you're willing to live in a smaller town....and this can be anything under 500,000 people....you should get a bigger place. Perhaps not a 2-3 bedroom, but the dorm-room size places generally are what you get in the top 5 big cities in the country. You can find plenty of mid-sized cities that still offer reasonable housing, even if this just means a large studio or 1-bedroom apartment.
About the salary...you can support 2 people on 1 million if you have to....1.5 million will be a piece of cake.
About eating vegan...it will be much more impossible than it is expensive. Be prepared to eat most all of your meals at home. |
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Weigookin74
Joined: 26 Oct 2009
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Posted: Thu Feb 10, 2011 6:54 am Post subject: |
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jvalmer wrote: |
If you consider taking a job outside of Seoul/Gyeonggi, you can potentially get a pretty big place. No guarantee though but often I've seen people put in 3 bedroom apartments. |
Be careful about that though. Not always gauranteed. You may have to work out a deal where you pay some extra to get the extra room. You may or may not have a sympathetic local education office. |
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