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Is living in Korea with an F Visa worth it nowadays?
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alongway



Joined: 02 Jan 2012

PostPosted: Sat Dec 13, 2014 5:48 am    Post subject: Reply with quote

Coltronator wrote:
Ahhh that makes sense you could also add a Kindy aged learning centre as a distinct possibility usually 10/11am to 4/5pm(4hr. teaching 3hr. prep) for 3.0 as a substitute for that type of job.


If you got lucky you could get a 10-12 and 1-3 kindy gig at 50k/hour. You won't get paid vacation, but you'd average 3 million a month over the year. Some months would be a lot more, Feb/January would suck, but the good months would make up for the bad months and then add the hagwon on top of that. You wouldn't get any benefits, but a lot less hours.

These days though the 10-12s part times are hard unless you really hit the streets to find them.
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Weigookin74



Joined: 26 Oct 2009

PostPosted: Sat Dec 13, 2014 9:55 am    Post subject: Reply with quote

alongway wrote:
nicwr2002 wrote:
alongway wrote:
Weigookin74 wrote:
alongway wrote:
atwood wrote:

I pay five times that for medical without any children.

Medical is a percentage of your salary. How do you pay so little?


Actually medical is related to all your assets. Salary only plays a small role. value of residence, owning a car, and other things like that also affect how much you pay. So your spouses salary (if you have one) affects that, if you're living in a very expensive apartment (regardless of what you pay for it), or if you have an expensive car on the books. That will all drive your price up


Really? You don't just pay medical as a percentage of your salary? It's taxed on everything you own? That is the strangest system, I've ever heard of. Luckily, I don't own much here. Geeze! In a lower income range, it seems decent. But once you make money here, they really zing you, huh? Seems like an incentive to either hide things or not make too much money.


That's right. If you save up for a big house, and quit your job, you're still on the hook for a larger medical payment than if you were living in some little shack.

I don't know the full break down. I know when we kept the same jobs and moved from a smaller older style house to a larger apartment, I think our premiums jumped about...hmm... 40%?
You buy some 50 million won car, if you don't have one, and you'll see your premium reasssed for that. Another property, etc will all pile on.

I'm not sure if they count money in the bank, I think it's just major physical assets, family size and salary that are the main factors.


I'm sorry, but I have to doubt this since my wife's name is on our apartment and she owns a car. She pays the same percent of health insurance that I see on her statements. Before when she quit her job all she had to do was contact the health office and say that she didn't have a job and to lower her payments.


That's right, quitting her job lowered her payments, but it didn't make them go away did it? If she owned no car, or you lived in a lower value place, you'd see those premiums be even lower.

Within 2 months of moving from a smaller place to a larger place, and our address being update, we got a reassessment from the medical insurance, my wife's premium increased 40% even though neither of our jobs changed.

Quote:
Given that, ease up on the dude's language ability. Probably a smidge better than your Korean.

Actually, its relevant to the discussion because he's talking about these things like its something he knows about. The fact that he's a gyopo or that his English isn't that great would have a bearing on what he could make, and why he's so clueless about jobs and how income works.

Quote:
It seems like ads specifically seeking F visa holders are offering less than before these days. Hopefully no one will accept (thus forcing a higher wage).

PT position for F visa holders

Location: Dongtan, Hwanseong city
Days: Thursday and Fridays
Pay: 120,000 won a day
Hours: 2PM to 9PM

17,000 an hour is shockingly low. Do you think anyone's going to take it? (I'm thinking maybe).

So one ad means all ads are offering lower wages?
That's not even in Seoul. It's even further south than suwon. It's low, but hardly a fair comparison to Seoul.

Yes, there are some employers who think they can get F visa holders cheap, and what they usually end up with in those cases are a filipino or something like that. Not a western F visa holder, and they are not always filipinos who are that great at English either. Even in Seoul filipino kindergarten teachers can get 30k/hour for 20 hours/week.


It sure doesn't incentivize having assets. Rather than owning an apartment, it's be better to pay a huge deposit and pay low rent in a villa and to drive an older used car. If I had the F visa here, that's what I'd do along with sending cash home to put into an investment account or something. Good to know. Guess that would be my strategy. Of course Koreans are obsessed with status so they would probably drive that expensive car and live in an expensive apartment if they make a decent salary.
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World Traveler



Joined: 29 May 2009

PostPosted: Mon Dec 15, 2014 7:19 pm    Post subject: Reply with quote

alongway wrote:
So one ad means all ads are offering lower wages?
That's not even in Seoul. It's even further south than suwon. It's low, but hardly a fair comparison to Seoul.

Teacher needed for a 2 week winter camp in Seocho, Seoul (Seoul National University of Education Station), from January 5th to January 16th . The job will be teaching reading, vocabulary, grammar, and activites to young elementary school students. Working hours are 9am to 6pm, with lunch provided.

Pay for the job is 100,000KRW per day (1,000,000KRW - taxes in total). Please respond with your resume and a recent photograph.


This one comes out to 11,000 per hour. Pretty pitiful. I don't remember camps paying this little two years ago. It seems like wages are dropping (it least in some cases).
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GENO123



Joined: 28 Jan 2010

PostPosted: Sun Jan 10, 2016 12:27 am    Post subject: Reply with quote

nicwr2002 wrote:
Being married with both of us teaching full time we have pulled in about 6 million won a month. However, those few months were so tiring especially for my wife. There were no off days and most of the work was done on the weekends. You will get burned out really fast and I couldn't imagine the workload to make 5 or 6 million alone. Just the thought that there is nothing to look forward to in the week really. Everyday is just working and even if you like your job, not having a day off really gets to you.
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denverdeath



Joined: 21 May 2005
Location: Boo-sahn

PostPosted: Sun Jan 10, 2016 3:58 am    Post subject: Reply with quote

World Traveler wrote:
alongway wrote:
So one ad means all ads are offering lower wages?
That's not even in Seoul. It's even further south than suwon. It's low, but hardly a fair comparison to Seoul.

Teacher needed for a 2 week winter camp in Seocho, Seoul (Seoul National University of Education Station), from January 5th to January 16th . The job will be teaching reading, vocabulary, grammar, and activites to young elementary school students. Working hours are 9am to 6pm, with lunch provided.

Pay for the job is 100,000KRW per day (1,000,000KRW - taxes in total). Please respond with your resume and a recent photograph.


This one comes out to 11,000 per hour. Pretty pitiful. I don't remember camps paying this little two years ago. It seems like wages are dropping (it least in some cases).


Yeah. Anyone that takes that job has already been lobotomized. I feel sorry for them in SO many respects.
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