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Weigookin74
Joined: 26 Oct 2009
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 Posted: Thu May 09, 2013 1:46 am Post subject: What does Samsung pay their workers in seoul? |
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| What does Samsung pay their workers in Seoul? Seems, I couldn't find anything on the internet. Don't know if it's hidden info. Some Koreans tell me it's great to work for them. But long hours, high housing cost in Seoul, and getting the boot at age 45 seem a real negative to me. If you live in the provinces and make 3 Million won, is it any worse, especially with free time? Sadly, I can't find any numbers to really determine this. |
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schwa
Joined: 18 Jan 2003
Location: Yap
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| Posted: Thu May 09, 2013 2:58 am Post subject: Re: What does Samsung pay their workers in seoul? |
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Last edited by schwa on Thu May 09, 2013 3:44 am; edited 1 time in total |
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big_fella1
Joined: 08 Dec 2005
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| Posted: Thu May 09, 2013 3:01 am Post subject: Re: What does Samsung pay their workers in seoul? |
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| Weigookin74 wrote: |
| What does Samsung pay their workers in Seoul? Seems, I couldn't find anything on the internet. Don't know if it's hidden info. Some Koreans tell me it's great to work for them. But long hours, high housing cost in Seoul, and getting the boot at age 45 seem a real negative to me. If you live in the provinces and make 3 Million won, is it any worse, especially with free time? Sadly, I can't find any numbers to really determine this. |
Samsung workers have always complained to me that they don't have any hidden money, their partner know what they earn from the newspaper.
I found this:
부서마다 다르겠지만 무선사업부(스마트폰) 부장급이면 이번에 1억 훨넘게 받아갔을 겁니다. 2012년도 무선사업부에서 엄청나게 큰 이익이 발생했기 때문이죠.
4년제를 졸업하고 삼성에 들어가게 되면 3급으로 입사를 하게 되는데요.
-초봉은 대략 3500-4000만원 정도에서 시작하는 걸로 알고 있습니다. 실적이 좋아서 PS 최대 50%, 설추석 보너스 등등을 받으면 6000만원 좀 넘는다고 하더라구요(세전 금액.. )
I think that's saying a worker in the mobile phone division in 2012 made 35 million won a year plus 50% extra for good performance plus bonuses and a thanksgiving bonus of 60 million taking them to over 100 million for a year. Hell, that's almost as much as an E2 hagwon teacher. 
Source: http://hdoc.tistory.com/63
Here's an article claiming that it's better to work for the FSS or Korea Exchange than Samsung.
http://economy.hankooki.com/lpage/economy/201305/e2013050617401070070.htm |
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Weigookin74
Joined: 26 Oct 2009
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| Posted: Thu May 09, 2013 3:27 am Post subject: |
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| And these are just average workers with no specialized skills, like an accountant or engineer? Wow! That's a lot. Way more than a western company. I had a mini debate with a Korean today thinking it was 5 mill a month max. But 100 Mil a year, works out to 8.3 Mil a month. I figured Korean doctors and lawyers and such would make that amount. No wonder the market is so distorted here. This must have been what Japanese companies were like back in the 1980's. No wonder they put up with their umpteen hour workdays and boss crap. |
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Hoost
Joined: 12 Nov 2008
Location: Seoul
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| Posted: Thu May 09, 2013 6:21 am Post subject: |
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No... entry level for unspecialized (marketing, business, economics, etc) is around 3 million won a month, they do pay you for chuseok a small bonus of around 5 million also. You can also get a performance bonus of 20-50%... but that is not guaranteed.
Skilled workers (engineers, PhD, foreign MBAs) will generally start around 5 million a month.
keep in mind, though the salaries may seem high compared to the english teaching profession.... oftentimes hours are from 8am-11pm and often include Saturdays or Sundays.
Per hour, English teachers make more money. |
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Waygeek
Joined: 27 Feb 2013
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| Posted: Thu May 09, 2013 9:41 am Post subject: |
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| An extra 2 for chuseok? Nice-uh! |
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KimchiNinja
Joined: 01 May 2012
Location: Gangnam
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| Posted: Thu May 09, 2013 10:24 am Post subject: |
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| The people I know there say it's a lot of long hours and mandatory company lunchs, dinners, parties, etc. And of course strict social rules, like leaving the directors office without turning around and showing your back, which takes some practice I imagine. The money is probably decent. |
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jjajangmyun
Joined: 31 Aug 2011
Location: way down south!
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| Posted: Thu May 09, 2013 12:09 pm Post subject: |
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easy to forget about the plethora of perks that samsung is famous for handing out to employees.
-a top executive i know sent his daughter to one of the SKYs for free, paid for by Samsung. it was attachment-free (ie. she didn't have to come work for samsung afterwards or anything like that)
-free/cheap/advance tickets to live concerts (not the regular kind you purchase off gmarket...the 200,000W+ for VIP members)
-free meals at top restaurants
-free cars (Samsung owns or partially owns Renault, at least in Korea)
-free housing (in really nice apartments)
in terms of salary, though, the highest paying company, on average, is Hyundai Motors (84 mil won). 2nd is Hyundai Heavy Industries (76.4 mil). Samsung Group comes in 3rd (74.8 mil).
The gap between the salaries of executives and employees in Korea was 13.2x, on average. Samsung's gap is the largest of any of the chaebols, at 28.6x. |
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big_fella1
Joined: 08 Dec 2005
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| Posted: Thu May 09, 2013 3:09 pm Post subject: |
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| Hoost wrote: |
No... entry level for unspecialized (marketing, business, economics, etc) is around 3 million won a month, they do pay you for chuseok a small bonus of around 5 million also. You can also get a performance bonus of 20-50%... but that is not guaranteed.
Skilled workers (engineers, PhD, foreign MBAs) will generally start around 5 million a month.
keep in mind, though the salaries may seem high compared to the english teaching profession.... oftentimes hours are from 8am-11pm and often include Saturdays or Sundays.
Per hour, English teachers make more money. |
This is the kind of completely unsubstantiated statement is what makes trying to have any kind of intelligent discussion pointless on Daves.
Where is your proof? A link would be nice.
Native English teachers are paid poorly and often do not get the bonuses that Koreans don't count as salary but could not balance their books without. |
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cabeza
Joined: 29 Sep 2012
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| Posted: Thu May 09, 2013 3:31 pm Post subject: |
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| jjajangmyun wrote: |
-free cars (Samsung owns or partially owns Renault, at least in Korea)
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No, that's the other way round. Renault bought the Samsung Motors part of Samsung in the late 1990s.
Apparently they are going to do away with the brand within the next 5-6 years because it's getting hammered. |
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No_hite_pls
Joined: 05 Mar 2007
Location: Don't hate me because I'm right
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| Posted: Thu May 09, 2013 3:46 pm Post subject: |
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| Hoost wrote: |
Per hour, English teachers make more money. |
Ha ha ha! You can't be serious! Some of those long hours at Samsung are going out drinking and god knows what else with your work buddies.
Most Western ESL teachers make the same as Taxi drivers, the guy that sells fish at the side of the road, and other jobs that high school drop outs and x-cons do. I know an ESL teacher that makes 1.3 million a month and thinks he's got it so good. lol
Last edited by No_hite_pls on Mon May 13, 2013 8:57 pm; edited 1 time in total |
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jvalmer
Joined: 06 Jun 2003
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| Posted: Thu May 09, 2013 3:57 pm Post subject: |
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| No_hite_pls wrote: |
| Most ESL teachers make the same as Taxi drivers, the guy that sells fish at the side of the road, and other jobs that high school drop outs and x-cons do. I know an ESL teacher that makes 1.3 million a month and thinks he's got it so good. lol |
Most of those guys probably make in that 1 million to 2 million range. We barely make more. But they don't get free housing or a paid for overseas trip home. |
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No_hite_pls
Joined: 05 Mar 2007
Location: Don't hate me because I'm right
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| Posted: Thu May 09, 2013 4:00 pm Post subject: |
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| jvalmer wrote: |
| No_hite_pls wrote: |
| Most ESL teachers make the same as Taxi drivers, the guy that sells fish at the side of the road, and other jobs that high school drop outs and x-cons do. I know an ESL teacher that makes 1.3 million a month and thinks he's got it so good. lol |
Most of those guys probably make in that 1 million to 2 million range. We barely make more. But they don't get free housing or a paid for overseas trip home. |
They didn't spend thousands of dollars on a western education and live 5,000 miles from their families either. |
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Weigookin74
Joined: 26 Oct 2009
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| Posted: Thu May 09, 2013 4:19 pm Post subject: |
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| Hoost wrote: |
No... entry level for unspecialized (marketing, business, economics, etc) is around 3 million won a month, they do pay you for chuseok a small bonus of around 5 million also. You can also get a performance bonus of 20-50%... but that is not guaranteed.
Skilled workers (engineers, PhD, foreign MBAs) will generally start around 5 million a month.
keep in mind, though the salaries may seem high compared to the english teaching profession.... oftentimes hours are from 8am-11pm and often include Saturdays or Sundays.
Per hour, English teachers make more money. |
This was what I had heard more along the line of. But, have no way to verify since all the English web search engines give nothing on these stats. Which was why I had asked if it was a secret. So, those really high salaries are for a few and not the many? Let's guess a partial bonus and Chuseok bonus spread out over the 12 months of the year. Maybe, averages out to over 4 million a month total. But, in other places not Seoul and Gyeong-gi do, the housing cost is so much cheaper. Maybe Seoul is 3 to 4 times the cost for housing as other places in Korea. So, if you're out in the provinces making 3 million a month, I'd say it's not so bad.
Take 4.4 million won and divide it by 3 to reflect the cheaper housing cost in the rest of Korea and it's like living in the provinces and making 1.4 million won a month. On the other hand, if you live in Seoul and make 2.0 million a month and have to get your own housing, that's rough. Thank goodness for key money to keep the rents down, if you're in a villa. Doh! |
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big_fella1
Joined: 08 Dec 2005
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| Posted: Thu May 09, 2013 4:57 pm Post subject: |
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| Hoost wrote: |
Skilled workers (engineers, PhD, foreign MBAs) will generally start around 5 million a month.
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Actually I know this is wrong. I knew a New Zealand lawyer on an F4 visa who left her law firm at 27 to work for Samsung. She was on 7 million a month at the law firm and she received a pay bump to move.
Koreans like to downplay their salaries especially to their wives, but while the base salaries are quite low a bonus of 50% or your annual salary paid twice a year plus extra bonuses equal good coin.
One of my former Samsung students is now studying his PhD in the US off his savings after 5 years at Samsung.
English teachers are paid low, because Koreans don't value services and quite often our jobs require us to be dancing monkeys. |
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