Korean Job Discussion Forums

freebeacher · Joined: 25 Apr 2006

I notice YBM does NOT provide housing for their teachers. They do provide 10 million for key money. How much is rent? Isn't that hard for a new teacher to arrange?

Keeper · Joined: 11 Jun 2012

Zyzyfer · Posted: Thu Jul 19, 2012 1:10 am Post subject:

They should be able to provide housing as well, they just don't pay for it. They make the arrangements but you have to pay a kind of large fee for the privilege.

The 10 million only applies to places where the owner of the place doesn't have a mortgage. So you can set out and find your own pad, but bear that in mind.

Whitey Otez · Joined: 31 May 2003 Location: The suburbs of Seoul

Training at YBM is in the third week of the month preceding your start month. After training, they put you in a love motel and you get to go house hunting with a disinterested office guy. You'll be shown some real embarrassing shacks - make sure you don't take the one disinterested office boy pushes on you because the whole process has nothing to do with him and he just wants to get back to smoking behind the office building. They need the office guy because YBM issues key money, but only to places with no debt. No furniture allowance, so you'll want to hit the local recycling center or craigslist. Sometimes, you can get the outgoing teacher's old apartment. If you're in Seoul, try to live as close as possible to the school, as you may be coming into the school several times per day. Don't ask the trainer about housing - it's not his job and he will think your head is in the wrong place. Once you get situated in our housing, you can focus on the job at hand. It's too bad that YBM, who owns a large city's worth of real estate holdings, can't provide its hard-working teachers with quality housing so that they can focus on their classes.