Korean Job Discussion Forums

[Stan Rogers]

http://www.bloomberg.com/news/2014-11-07/won-wins-rupee-loses-in-bank-of-japan-stimulus-expansion.html

[basic69isokay]

Shite

[GENO123]

Shocking news.

[Stan Rogers]

Looks like the Japanese are pretty determined to get their economy growing again. Devaluing their money will force the Koreans to do the same. This could get ugly.

[GENO123]

Shocking news.

[Steelrails]

Good. Hopefully a weaker won will boost exports and spending by tourists, leading to increased prosperity for the country as a whole.

[Old Painless]

[mr_thehorse]

[Cave Dweller]

This country has proven that what is good for Samsung is not necessarily good for the country.

[cj1976]

KEB gave me an account that allows me to save in any foreign currency. Time to start converting my savings to dollars/pounds/euros/yen?

[Roman Holiday]

[Weigookin74]

I think I've finally figured it out. The Koreans and Japanese and maybe China too all seem to be kind of like the Europeans except for the higher taxes and social spending. But, otherwise their goverments try to regulate, intervene, and control everything. (Though taxes are finally creeping up in Japan more and more.)

Actually, I think it's most of the world that thinks this way. What is it about the Anglosphere that mostly thinks differently (especially North America)? We have had better economies and better growth by embracing free enterprise more. Post 2008 BS, aside, of course.

The more Korea intervenes in this currency war nonsense, the more they lose in the long run. Canada sure suffered when the dollar dropped to 61 cents US back at the end of the 90's. Stayed this way until mid 2000's. (Though I'm told the Canadians here at that time made a killing in the exchange rate due to that.) But, it was pretty good here until the end of 2007 (exchange rates fluctuated from 1000 won ranging from $1.15 to $1.25), when the exchange reached near parity ($1 came to equal 1000 won). Boy! I thought that was the end of the world until the following summer when it starting falling again. By fall 2008, it had sunk to ridiculously low levels and more or less stayed there until the late fall of 2013. (That time period had 1000 won equalling on average 88 cents Cdn. Sometime up by a couple of cents and sometimes down by a couple of cents.)

It's now back to early 2008 levels, which I'm greatful for. But, it still needs to get up more pre December 2007 levels. Guess that ain't going to happen soon. Hopefully, at least, if the Canadian dollar falls some more, it'll partially compensate for the falling won and keep it at just above parity. As of today, 1000 won is $1.04. It's fluctuated between $1.03 to $1.08 over the past year. It gets up but then falls a bit and then gets back up again. Stupid effen retards at the BoK!! Let free markets rule!! So damn frustrating!!

This must really suck for Americans. It probably explained why there were so few here prior to the 2008 crash. I just don't think they got bang for their won so to speak. The exchange has never been that great for them compared to other nationalities. But over the past year, as the economy has improved, if I were an American, I'd just go home and move to a state with a cheap cost of living. (Sadly, Canada's expensive all over.) You'd do better than being here long term. Girls here are pretty, but raising a kid as a foreigner here ain't worth it. But, the truth is girls are pretty everywhere if you know where to look. (Geeze, I went home for a visit in 2013 and had forgotten what pretty white girls had looked like for the most part. Not favoring any one race BTW - every race has their beauties.)

I'd have been out of debt already if the won hadn't of been down so bad for years on end. At least now, China is rising as a real competitor, which wasn't fully established until the last two or three years. (Prior to that, pay mostly was peanuts, perhaps?) So, I don't have to hang on here for dear life I felt I had to from 2009 to 2011. Cause I ain't going to stick around again if the effin won declines again to 2008 to 2013 levels. Add on stagnant wages. Eff that! I do make higher than average. But I'm at the highest level possible meaning inflation is slowly declining my wages. The raised exchange rate and falling oil prices do make up for that for now. But, I couldn't see making a decent life for yourself unless the wage for English teachers jumps to 3.0 million won a month.

If my current job went through cutbacks and I had to accept a 2.1 million won, that'd be enough BS to drive me out. (Though I suppose wages I've seen on here have been rising again and listing negotiatable.) I'd accept a partial paycut if I had to but no way on earth I'd go below 2.5 and even that's pushing it. Still don't know why any dolt would take a 2.1 million job. Guess there's a lot of stupid people out there.


Yeah, sorry for the long rant. I get carried away sometimes. Long afternoon with classes finished, work finished, and deskwarming riegning supreme!! (A lot of you prob recognize my long windedness occasionally by now. Lol. Guilty as charged.)

[cj1976]

[Roman Holiday]

[Stan Rogers]

http://www.bloomberg.com/news/2014-11-13/won-near-14-month-low-on-speculation-intervention-is-increasing.html

It's starting to get worse.