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ssuprnova
Joined: 17 Dec 2010 Location: Saigon
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Posted: Mon Jun 04, 2012 3:30 pm Post subject: Is your hagwon shedding jobs? |
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Is it just me or are hagwons shedding jobs these days? My school has gone from 4 NETs to just two, with no major change in enrollment. They just shuffled more people into the existing classes.
Also, due to the new regulations our classes are getting longer and longer. Even though I teach 80 classes per month, it actually works out to 120 x 45-minutes (that used to be the normal length of our classes when I first started).
Anyway, I don't want to start another "why you should not teach in Korea" thread, but between the stagnant wages and the plummeting won (1200 yesterday!), methinks it's time to head for the door. |
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sml7285
Joined: 26 Apr 2012
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Posted: Mon Jun 04, 2012 4:21 pm Post subject: Re: Is your hagwon shedding jobs? |
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ssuprnova wrote: |
Anyway, I don't want to start another "why you should not teach in Korea" thread, but between the stagnant wages and the plummeting won (1200 yesterday!), methinks it's time to head for the door. |
Can't speak for the wages, but the won should strengthen up a bit as soon as South Korea gains a new source of oil or US led sanctions against Iran are dropped. I know that something like 15-20% of Korea's oil came from Iran pre-sanctions. |
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TheUrbanMyth
Joined: 28 Jan 2003 Location: Retired
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Posted: Mon Jun 04, 2012 9:05 pm Post subject: Re: Is your hagwon shedding jobs? |
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sml7285 wrote: |
ssuprnova wrote: |
Anyway, I don't want to start another "why you should not teach in Korea" thread, but between the stagnant wages and the plummeting won (1200 yesterday!), methinks it's time to head for the door. |
Can't speak for the wages, but the won should strengthen up a bit as soon as South Korea gains a new source of oil or US led sanctions against Iran are dropped. I know that something like 15-20% of Korea's oil came from Iran pre-sanctions. |
Nope. It wasn't even 10%.
http://view.koreaherald.com/kh/view.php?ud=20120523001070&cpv=0
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Iranian oil accounted for 9.4 percent of Korea�s crude oil imports ― or 87 million barrels out of the total 930 million barrels ― last year. |
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sml7285
Joined: 26 Apr 2012
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Posted: Tue Jun 05, 2012 4:16 am Post subject: Re: Is your hagwon shedding jobs? |
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TheUrbanMyth wrote: |
sml7285 wrote: |
ssuprnova wrote: |
Anyway, I don't want to start another "why you should not teach in Korea" thread, but between the stagnant wages and the plummeting won (1200 yesterday!), methinks it's time to head for the door. |
Can't speak for the wages, but the won should strengthen up a bit as soon as South Korea gains a new source of oil or US led sanctions against Iran are dropped. I know that something like 15-20% of Korea's oil came from Iran pre-sanctions. |
Nope. It wasn't even 10%.
http://view.koreaherald.com/kh/view.php?ud=20120523001070&cpv=0
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Iranian oil accounted for 9.4 percent of Korea�s crude oil imports ― or 87 million barrels out of the total 930 million barrels ― last year. |
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I stand corrected. Still a major source of oil and one of the primary reasons why the Won is doing so poorly. |
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bobbybigfoot
Joined: 05 May 2007 Location: Seoul
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Posted: Wed Jun 06, 2012 1:48 am Post subject: |
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Our schools are shrinking, with many being about half the size they were four years ago. Consequently, a proportionate amount of teachers have left also. Their contracts just not renewed. |
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NYC_Gal 2.0

Joined: 10 Dec 2010
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Posted: Wed Jun 06, 2012 2:49 am Post subject: |
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My school has doubled enrollment, so we've recently taken on another teacher. |
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Chimie
Joined: 05 Oct 2011
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Posted: Thu Jun 07, 2012 12:13 am Post subject: |
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My school has gone from 9->12 FTs in the last 2 semesters. We've also had quite the enrollment increase. |
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Julius

Joined: 27 Jul 2006
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Posted: Thu Jun 07, 2012 6:21 am Post subject: Re: Is your hagwon shedding jobs? |
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ssuprnova wrote: |
Is it just me or are hagwons shedding jobs these days? My school has gone from 4 NETs to just two, with no major change in enrollment. They just shuffled more people into the existing classes.
Also, due to the new regulations our classes are getting longer and longer. Even though I teach 80 classes per month, it actually works out to 120 x 45-minutes (that used to be the normal length of our classes when I first started).. |
Snap.
Exactly what I've noticed too.
Some of it is seasonal though of course. |
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mike in brasil

Joined: 09 Jun 2003
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Posted: Thu Jun 07, 2012 6:31 am Post subject: |
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My friend works at a kiddy hogwan and at last week's meeting the owner gave the announcement that enrollment is down and job cuts and shorter hours are coming. |
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Julius

Joined: 27 Jul 2006
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Posted: Thu Jun 07, 2012 7:22 am Post subject: |
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mike in brasil wrote: |
My friend works at a kiddy hogwan and at last week's meeting the owner gave the announcement that enrollment is down and job cuts and shorter hours are coming. |
Thing is though, hagwons have been doing this for years. There is not a single hogwon boss out there who will not try to squeeze more for less, and give some inane excuse for doing so. They'd be daft not to.
They pull this one out the hat whenever they sense they can get away with it. Like when their employee has only 2 months left on their contract and isn't going to make a fuss.
Or when they are swamped with applicants.
They also do it every summer when enrollment drops off. |
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Hokie21
Joined: 01 Mar 2011
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Posted: Thu Jun 07, 2012 8:33 am Post subject: |
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The hagwon I recently completed my contract with is growing....they actually just moved into a new building and hired an additional teacher to handle the increase. They are now up to 12 foreign teachers. |
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12ax7
Joined: 07 Nov 2009
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Posted: Thu Jun 07, 2012 8:13 pm Post subject: |
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Julius is right about it happening every summer when the nice weather comes along.
The pattern was already obvious when I worked at a hagwon many, many years ago.
With the nicer weather, kids aren't as motivated to study. Some will whine about going to hagwons until they wear down their parents. Quite a few parents relent. |
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cincynate
Joined: 07 Jul 2009 Location: Jeju-do, South Korea
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Posted: Sun Jun 10, 2012 9:15 pm Post subject: |
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Can't speak for the wages, but the won should strengthen up a bit as soon as South Korea gains a new source of oil or US led sanctions against Iran are dropped. I know that something like 15-20% of Korea's oil came from Iran pre-sanctions. |
Actually the won is about to fall significantly against the dollar. The Bank of Korea indicated they will lower interest rates in Korea, which will lead to massive capital outflows from Korea, and the won will fall. Send your money home soon! |
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12ax7
Joined: 07 Nov 2009
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Posted: Mon Jun 11, 2012 12:04 am Post subject: |
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cincynate wrote: |
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Can't speak for the wages, but the won should strengthen up a bit as soon as South Korea gains a new source of oil or US led sanctions against Iran are dropped. I know that something like 15-20% of Korea's oil came from Iran pre-sanctions. |
Actually the won is about to fall significantly against the dollar. The Bank of Korea indicated they will lower interest rates in Korea, which will lead to massive capital outflows from Korea, and the won will fall. Send your money home soon! |
Actually, it's a good thing. For one, it means increased foreign investment. Moreover, it makes South Korean imports even more competitive against Japanese products than they already are because value of the yen keeps rising as people continue to find a more stable alternative to the Euro. Long story short, this will be good for those of us who own businesses and real estate here. The economy will grow and a greater number of people will seek to invest in real estate as banks will offer lower mortgage rates and lower interest rates on deposits. |
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sml7285
Joined: 26 Apr 2012
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Posted: Mon Jun 11, 2012 4:09 am Post subject: |
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cincynate wrote: |
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Can't speak for the wages, but the won should strengthen up a bit as soon as South Korea gains a new source of oil or US led sanctions against Iran are dropped. I know that something like 15-20% of Korea's oil came from Iran pre-sanctions. |
Actually the won is about to fall significantly against the dollar. The Bank of Korea indicated they will lower interest rates in Korea, which will lead to massive capital outflows from Korea, and the won will fall. Send your money home soon! |
-_-
Not that simple. Government intervention these days doesn't affect currency value as much as geopolitics. Keynesian theory is a bit outdated as the model doesn't work so well in the modern climate where there are more than 4-5 developed nations. |
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