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Korean Job Discussion Forums "The Internet's Meeting Place for ESL/EFL Teachers from Around the World!"
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chronicpride

Joined: 16 Jan 2003
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Posted: Sun Dec 26, 2004 6:32 am Post subject: |
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| fidel wrote: |
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| all kiss goodbye to the days of 2 million won and more a month |
The good old days? 2 million a month is peanuts, consider this. A parking attendent in the US makes on average $29000 a year and a forklift driver in NZ makes $36000. Sure they pay more tax, but I wouldn't be particulary happy making 2 mill a month. Double that with a few privates and it's a bit more respectable. |
I'm pretty happy with paying diddly-squat in tax, unlike back home, plus having my apartment paid for. I was making a better salary in Canada, no question, but I value this place for its increase in my disposal income, once all factors are considered. |
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Ilsanman

Joined: 15 Aug 2003 Location: Bucheon, Korea
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Posted: Sun Dec 26, 2004 7:44 am Post subject: yes |
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| Post something for someone who cares. We all know if we have to fear this change or not. I don't. |
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Daechidong Waygookin

Joined: 22 Nov 2004 Location: No Longer on Dave's. Ive quit.
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Posted: Sun Dec 26, 2004 4:38 pm Post subject: |
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| fidel wrote: |
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| all kiss goodbye to the days of 2 million won and more a month |
The good old days? 2 million a month is peanuts, consider this. A parking attendent in the US makes on average $29000 a year and a forklift driver in NZ makes $36000. Sure they pay more tax, but I wouldn't be particulary happy making 2 mill a month. Double that with a few privates and it's a bit more respectable. |
Can they save 1500 bucks a month which translates to $18000 US a year? Yeah, didnt think so.
Are most of them scraping by, paying huge bills, rent, mortgages? Can they afford to eat out pricy restaurant (not burger king or mcdonalds) several times a month and go out to shows/movies? You know the answer to that.
You say "doublr it and it would be respectable". I will make 32.5 thousand US dollars this year. Less than a forklift opeartor according to you. I dont think any forklift operator enjoys my lifestyle and my savings power. |
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Derrek
Joined: 15 Jan 2003
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Posted: Sun Dec 26, 2004 11:22 pm Post subject: |
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Working in Korea as an English teacher is a good deal for the young 20-something folk just out of college.
If you are older, however, it is less attractive. Not only due to lack of advancement, but also due to things like home ownership. Sure, if you have a ton of money when you come, you could buy property here, but I don't want to lock my money up in this society. If I were married and living here -- that's a different story.
Many people on here are young and cannot understand the power of building equity by home ownership. That's understandable if you haven't owned a home before. I didn't understand it before I owned my first house. Sure, paying the monthly house payment takes a chunk out of your salary back home, but really, it's a sort of "forced savings." Homes where I'm from appreciate an additional 10% a year, too. Also, where I'm from, most improvements you do to your home will pay for themselves with a higher sales value.
We love the free housing here, but unless you're saving every penny of the difference, and then some on top of that, you're not really saving much by being here.
That's my opinion. |
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adventureman
Joined: 18 Feb 2003
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Posted: Mon Dec 27, 2004 1:12 am Post subject: |
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Last edited by adventureman on Sat Oct 08, 2005 2:43 am; edited 1 time in total |
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PolyChronic Time Girl

Joined: 15 Dec 2004 Location: Korea Exited
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Posted: Mon Dec 27, 2004 1:24 am Post subject: |
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The trouble is many hogwans hire you by your picture, NOT your credentials. So I don't understand why it's a big shock to directors that many of these teachers have fake degrees. I'm all for checking out a teacher's background. Actually, at my last hagwon there was one applicant, Harvard educated and the recruiter checked it out and she was legitimate, but as soon as the director saw her picture (she was black) he said, "no, don't want her" and instead hired a white girl with an online B.A  |
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chronicpride

Joined: 16 Jan 2003
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Posted: Mon Dec 27, 2004 3:34 am Post subject: |
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Personally, I don't give a rat's ass, if they ever followed through and actually did this. But what bothers me is the larger picture of that they are using the foreigner as the scapegoat for the ailments of the industry. Any joeblow Korean that speaks 2 words of english, can drop money on a Wonderland franchise fee, with zero business experience, evade tax, falsify info to MoE about student enrollment and staff numbers, to qualify for less pyeong workspace to save on rent, prey on the balli-balli mothers by providing, shite education to their kids, supplemented by tired, useless books. Yet, it's all about the teachers who work on fake degrees that are the ails of the industry. You also see the hinting of that scapegoatism in the article over on the 'employment ring bust' thread.
It pisses me off, because, if they do go ahead with this, this is the farthest that they will go, as they claim that they found the root problem and publicly addressed the 'issue', and they will not continue to go any further than that to clean things up. Whereas, I'd want them to also do criminal record checks on teachers, and a more stringent qualification process on who can open up a school. But it will never go anywhere near that far. They'll just do the public, 'hey, relax. We're not the problem. It's the fraudulent foreigners.' And the public will eat it up with 'Ahh. Ahh. Ok. That explains it. We all knew how strange they are, anyways.' Meanwhile, things will eventually blow over and the onus will fall back to the schools to verify. |
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Daechidong Waygookin

Joined: 22 Nov 2004 Location: No Longer on Dave's. Ive quit.
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Posted: Mon Dec 27, 2004 4:09 am Post subject: |
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| adventureman wrote: |
| Daechidong Waygookin wrote: |
| fidel wrote: |
| Quote: |
| all kiss goodbye to the days of 2 million won and more a month |
The good old days? 2 million a month is peanuts, consider this. A parking attendent in the US makes on average $29000 a year and a forklift driver in NZ makes $36000. Sure they pay more tax, but I wouldn't be particulary happy making 2 mill a month. Double that with a few privates and it's a bit more respectable. |
Can they save 1500 bucks a month which translates to $18000 US a year? Yeah, didnt think so.
Are most of them scraping by, paying huge bills, rent, mortgages? Can they afford to eat out pricy restaurant (not burger king or mcdonalds) several times a month and go out to shows/movies? You know the answer to that.
You say "doublr it and it would be respectable". I will make 32.5 thousand US dollars this year. Less than a forklift opeartor according to you. I dont think any forklift operator enjoys my lifestyle and my savings power. |
In ten years, do you still want to be teaching in an elementary school, maybe making a few hundred thousand more a month than you are now, working on a one year contract system and living in a place where you will always be treated as an outsider?
I don't. |
If I am working in an elementary school in ten years I fully expect to be making somewhere between 3-3.5 m a month. Thats not so bad. Most likely I will be doing something totally different by then. |
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Homer Guest
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Posted: Mon Dec 27, 2004 5:45 am Post subject: |
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Good post Derrek.
However, you can do precisely what you said while working here in Korea if you plan and organize yourself accordingly.
You mention building equity through home buying. That can certainly be true in many cases. But, to buy a home, you need money. A person teaching here can most likely have a higher savings rate then they would back home due to certain advantages here. Also, advancement is up to you. If a person stays where they are and simply expects advancement as a due then they will be in for a rude awakening.
Like every job field in the world, advancement here comes to those who improve themselves and who take steps to advance. This is possible here and home.
As for locking up your money in this society, in today's world, you do not have too. There are a myriad of investment possibilities out there. |
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Derrek
Joined: 15 Jan 2003
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Posted: Mon Dec 27, 2004 6:34 am Post subject: |
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| Homer wrote: |
Good post Derrek.
However, you can do precisely what you said while working here in Korea if you plan and organize yourself accordingly.
You mention building equity through home buying. That can certainly be true in many cases. But, to buy a home, you need money. A person teaching here can most likely have a higher savings rate then they would back home due to certain advantages here. Also, advancement is up to you. If a person stays where they are and simply expects advancement as a due then they will be in for a rude awakening.
Like every job field in the world, advancement here comes to those who improve themselves and who take steps to advance. This is possible here and home.
As for locking up your money in this society, in today's world, you do not have too. There are a myriad of investment possibilities out there. |
I thought about renting out my US home, but my father talked me out of it, and I sold it to my brother before I left for Korea. He and his wife needed a place near his school, so it worked out. Sometimes I wish I had just hired a rental place to manage it . Then at least I'd have the equity. |
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Homer Guest
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Posted: Mon Dec 27, 2004 10:20 am Post subject: |
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Indeed Derrek,
I rent out the house we bought back home. I have a friend looking after it (repairs and upkeep). |
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Rather_Dashing
Joined: 07 Sep 2004
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Posted: Mon Dec 27, 2004 10:03 pm Post subject: |
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Amazing...
Here I am all worried about whether I qualify with a REAL degree and I see this post about how easy it is to get a job with a fake one.
Whatev...  |
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fidel
Joined: 07 Feb 2003 Location: North Shore NZ
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Posted: Tue Dec 28, 2004 3:51 am Post subject: |
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Can they save 1500 bucks a month which translates to $18000 US a year? Yeah, didnt think so.
Are most of them scraping by, paying huge bills, rent, mortgages? Can they afford to eat out pricy restaurant (not burger king or mcdonalds) several times a month and go out to shows/movies? You know the answer to that.
You say "doublr it and it would be respectable". I will make 32.5 thousand US dollars this year. Less than a forklift opeartor according to you. I dont think any forklift operator enjoys my lifestyle and my savings power. |
Your lifestyle? If you're on say 2.4 million a month and saving 1.7 a month, you're so called 'lifestyle' can't be anything to write home about. If you consider a 15,000 won kalbi restaurant pricy then more power to you. A mortgage isn't a negative thing but, as Derrek already mentioned, an excellent way to build up equity.
In my book 32 grand is peanuts, but each to his/her own. If you've come from nothing then it's a veritable fortune. |
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Daechidong Waygookin

Joined: 22 Nov 2004 Location: No Longer on Dave's. Ive quit.
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Posted: Tue Dec 28, 2004 4:03 am Post subject: |
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| fidel wrote: |
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Can they save 1500 bucks a month which translates to $18000 US a year? Yeah, didnt think so.
Are most of them scraping by, paying huge bills, rent, mortgages? Can they afford to eat out pricy restaurant (not burger king or mcdonalds) several times a month and go out to shows/movies? You know the answer to that.
You say "doublr it and it would be respectable". I will make 32.5 thousand US dollars this year. Less than a forklift opeartor according to you. I dont think any forklift operator enjoys my lifestyle and my savings power. |
Your lifestyle? If you're on say 2.4 million a month and saving 1.7 a month, you're so called 'lifestyle' can't be anything to write home about. If you consider a 15,000 won kalbi restaurant pricy then more power to you. A mortgage isn't a negative thing but, as Derrek already mentioned, an excellent way to build up equity.
In my book 32 grand is peanuts, but each to his/her own. If you've come from nothing then it's a veritable fortune. |
Im on 2.5 actually. Saving 1.5 a month leaves me with 1 million disposable income. From MY SALARY alone. Lets just say that my wife contributes a fair amount to the disposable income. Ill also say that I dont consider 15000 won kalbi in any way pricy. Part of the lifestyle bit is the quality of housing. Im in a 35million won down, 1 million won a month apartment in an awesome neighborhood. Ill vouch for the fact that my lifestyle beats any forklift operator's lifestyle by several lightyears. If you knew anything about korean familial dynamics you would know that parents kick in quite a lot of money too. All in all, life aint bad here. Wouldnt want to be a forklift operator. |
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fidel
Joined: 07 Feb 2003 Location: North Shore NZ
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Posted: Tue Dec 28, 2004 4:19 am Post subject: |
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hello
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| Im on 2.5 actually. Saving 1.5 a month leaves me with 1 million disposable income. From MY SALARY alone. Lets just say that my wife contributes a fair amount to the disposable income. Ill also say that I dont consider 15000 won kalbi in any way pricy. Part of the lifestyle bit is the quality of housing. Im in a 35million won down, 1 million won a month apartment in an awesome neighborhood. Ill vouch for the fact that my lifestyle beats any forklift operator's lifestyle by several lightyears. If you knew anything about korean familial dynamics you would know that parents kick in quite a lot of money too. All in all, life aint bad here. Wouldnt want to be a forklift operator. |
Where did I mention that combined family income, and contributions from family members have anything to do with the price of fish! My point was that two million is not a lot of money. I don't care about your financial arrangements and are baffled why you would care to share such personal details with perfect strangers who don't give a toss.
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| If you knew anything about korean familial dynamics |
No idea what your talking about, however hope the mutations don't carry into the next generation.
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| Ill vouch for the fact that my lifestyle beats any forklift operator's lifestyle by several lightyears |
First thing, who is Ill and why will he vouch for you? Was he perchance a forklift driving colleague on struggle street, with no income from his wife and no assistance from the in-laws?
Last edited by fidel on Tue Dec 28, 2004 3:25 pm; edited 2 times in total |
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