Korean Job Discussion Forums

[ZeroCool]

Just interested in all your knowledge of how to open/run a hagwon?

Pricing
Permits
Rent
Taxes
Salaries
Tuitition
Legal
Etc...

[cyui]

Bad Bad Investment.

Just think about how many there are in existence.

[ZeroCool]

Hagwon demand is still outweighing supply in Korea so is still seems highly profitable! And I'm not talking a couple of $1,000, I'm talking Tens of Thousands! and with the right investment and expansion ,we're talking 500k~Mil+ but the people i know won't give me details!

[some waygug-in]

You're better off to start small, have a home school hagwon in your apartment and if things go well, you can expand later.

I know several people who've done this and they are by far the happiest teachers I've met in Korea.

The catch is you need an F visa/Korean spouse to do this.

[meangradin]

you are correct in writing that hagwon ownership is profitable, but you have to know what you are doing. although i can't tell you everything you need to do, as that is called due diligence, and you must do that on your own, i will give you one piece of advice that has served me well: hire the best korean teachers you can and make sure you have an outstanding office manager. luckily for me, my wife meets both of these requirements.

[frankhenry]

[Zackback]

Organization
Books
Computers
Games (especially for the kiddies)
A way not to hire garbage teachers
A way to keep the good teachers you may have

[frankhenry]

[northway]

My school pulls in about 150 million a month in tuition and still isn't really pulling in enough cash to justify its existence.

[Ice Tea]

Do you even have the $200,000+ you'll need to start a good hagwon?

[somethingawful]

When you say hogwon I'm going to assume that you don't mean the living room of your apartment. That you mean an actual place dedicated to teaching kids how to speak English.

Money for a school. It has to be a decent size since most parents want to see a reception room, bathrooms, and a room they can stare at the monitors. You'll also need an office and a staff room where teachers can prepare for lessons.
Money for all the supplies you are going to need. Books, paper, computers, printers, copiers, filing cabinets, desks, chairs, etc.
Money for recruiters.
Money to fly teachers over.
Money for the apartments they will need.
Money to pay foreign and local teachers.
Money to pay health benefits and pension.
Money to advertise, banners, signs, t-shirts, backpacks with your logo on it.
Money for taxes and possibly bribes.

You see a reoccurring pattern here? If you have enou