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What does the average young Korean salary man make?
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mindmetoo



Joined: 02 Feb 2004

PostPosted: Thu Apr 07, 2005 3:47 pm    Post subject: Reply with quote

Wow, if we're to believe RR, every one in Korea, save for the lowly hagwon foreigner, makes 3 million won a month. He's told us many, many times even cab drivers make 2 million won a month. He never mentions hours they have to work (60+) or what Korean society expects them to spend their money on...

Comparing a foreign teacher hagwon salary to the salary of someone at a chaebol like Samsung is comparing apples and oranges. The chaebols take on the role of social safety net. Older employees are assumed to have a wife, kids, and a couple parents to take care of. There are medical and education expenses they have to pay that would traditionally be paid by the government in the west. Chaebols want to retain an employee for life and want him to give his life and his waking day to the company. Chaebol salaries, then, are structured to support this kind of life. Korean society would collapse if it were not the case.

Hagwons want a 24 year old foreigner to hang around for a couple years and then leave. They don't have children, wives, or parents to take care of. The pay is structured around that. "What will it take to lure a foreigner here, keep him relatively happy for a year or two?" Yes, some hagwon teachers try to make a go here on the salary and, well, that's their choice. But as a job at McDonald's isn't structured to support a person's home ownership ambitions, a hagwon job isn't structured to support someone's goal of building a family in Korea.
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Real Reality



Joined: 10 Jan 2003
Location: Seoul

PostPosted: Thu Apr 07, 2005 4:03 pm    Post subject: Reply with quote

mindmetoo,

What if the foreigner is married and has children? Do the employers consider this when hiring foreigners? In regards to the salary and benefits, does a Korean employer usually consider the professional experience of foreign educators? What about different positions from "DDD" workers to professional athletes?

Here is something.
Foreign hoopsters get a crucial assist
... The two foreign players per team must not exceed 398.78 cm, or about 13 feet, in combined height. There is also a salary cap of $280,000 that must be divided between the two players. Their Korean counterparts can earn considerably more; Mr. McHone says that star players make between $350,000 and $400,000. "We do the work," Mr. Lang says wryly, "but we're at the bottom of the totem pole."

But it's impossible to ignore the foreign presence on the court, especially on the scoreboard. Mr. Won, the Thunders' translator, says he believes the two Americans take 60 to 80 percent of the playing load during any given game.

But foreign players show little emotional investment in their teams. Their contracts are rarely renewed for a second season, and the coaches consider constant turnover good for the team. Each team is allowed two changes in their foreign roster per year, meaning both players could potentially be replaced mid-season. Teams frequently exercise that option in pursuit of better players.
by Chanel White and Kim Sun-jung, JoongAng Daily (February 14, 2005)
http://joongangdaily.joins.com/200502/13/200502132231128609900092309231.html

Today's bonus
For Housing Rentals, Foreigners Easy Victims
Foreign residents in Seoul are preferred over any Korean tenant by their landlords because they are paying several times as much as what Koreans are paying for their rent, realtors and industry sources say. For a 25-pyong (one pyong equals 3.3 square meters) apartment in Seoul, foreign residents are paying as much as two million won ($1,600) in monthly rent while the same apartment may go for only 500,000 won for Koreans.
By Byun Duk-kun, Korea Times (August 28, 2003)
http://times.hankooki.com/lpage/nation/200308/kt2003082818233111970.htm
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peppergirl



Joined: 07 Dec 2003

PostPosted: Thu Apr 07, 2005 4:13 pm    Post subject: Reply with quote

Real Reality wrote:


Today's bonus
For Housing Rentals, Foreigners Easy Victims
Foreign residents in Seoul are preferred over any Korean tenant by their landlords because they are paying several times as much as what Koreans are paying for their rent, realtors and industry sources say. For a 25-pyong (one pyong equals 3.3 square meters) apartment in Seoul, foreign residents are paying as much as two million won ($1,600) in monthly rent while the same apartment may go for only 500,000 won for Koreans.
By Byun Duk-kun, Korea Times (August 28, 2003)
http://times.hankooki.com/lpage/nation/200308/kt2003082818233111970.htm


The Koreans paying only 500,000 won would have had to pay a considerable deposit though! Anyway, which English teacher can afford 2 mill won rent per month, these are apartments for expats which are paid for by their companies anyway.
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Real Reality



Joined: 10 Jan 2003
Location: Seoul

PostPosted: Thu Apr 07, 2005 4:17 pm    Post subject: Reply with quote

peppergirl,

What if the foreigner is married and has children? Do the employers consider this when hiring foreigners? In regards to the salary and benefits, does a Korean employer usually consider the professional experience of foreign educators? What about different positions from "DDD" workers to professional athletes?

Foreign hoopsters get a crucial assist
... The two foreign players per team must not exceed 398.78 cm, or about 13 feet, in combined height. There is also a salary cap of $280,000 that must be divided between the two players. Their Korean counterparts can earn considerably more; Mr. McHone says that star players make between $350,000 and $400,000. "We do the work," Mr. Lang says wryly, "but we're at the bottom of the totem pole."

But it's impossible to ignore the foreign presence on the court, especially on the scoreboard. Mr. Won, the Thunders' translator, says he believes the two Americans take 60 to 80 percent of the playing load during any given game.

But foreign players show little emotional investment in their teams. Their contracts are rarely renewed for a second season, and the coaches consider constant turnover good for the team. Each team is allowed two changes in their foreign roster per year, meaning both players could potentially be replaced mid-season. Teams frequently exercise that option in pursuit of better players.
by Chanel White and Kim Sun-jung, JoongAng Daily (February 14, 2005)
http://joongangdaily.joins.com/200502/13/200502132231128609900092309231.html
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pdxsteve



Joined: 29 Sep 2004
Location: Bundang

PostPosted: Thu Apr 07, 2005 7:45 pm    Post subject: Reply with quote

RR, shaddap already.

Why don't you actually form an opinion of your own, rather than pestering and pestering with questions? Can you actually present an opinion without including your "articles"?

Real Reality wrote:
peppergirl,

What if the foreigner is married and has children? Do the employers consider this when hiring foreigners? In regards to the salary and benefits, does a Korean employer usually consider the professional experience of foreign educators? What about different positions from "DDD" workers to professional athletes?

Foreign hoopsters get a crucial assist
... The two foreign players per team must not exceed 398.78 cm, or about 13 feet, in combined height. There is also a salary cap of $280,000 that must be divided between the two players. Their Korean counterparts can earn considerably more; Mr. McHone says that star players make between $350,000 and $400,000. "We do the work," Mr. Lang says wryly, "but we're at the bottom of the totem pole."

But it's impossible to ignore the foreign presence on the court, especially on the scoreboard. Mr. Won, the Thunders' translator, says he believes the two Americans take 60 to 80 percent of the playing load during any given game.

But foreign players show little emotional investment in their teams. Their contracts are rarely renewed for a second season, and the coaches consider constant turnover good for the team. Each team is allowed two changes in their foreign roster per year, meaning both players could potentially be replaced mid-season. Teams frequently exercise that option in pursuit of better players.
by Chanel White and Kim Sun-jung, JoongAng Daily (February 14, 2005)
http://joongangdaily.joins.com/200502/13/200502132231128609900092309231.html
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Zyzyfer



Joined: 29 Jan 2003
Location: who, what, where, when, why, how?

PostPosted: Thu Apr 07, 2005 8:22 pm    Post subject: Reply with quote

Real Reality is just playing his gimmick. Kind of pointless to give the chap a hard time. Sometimes it's actually amusing.

The Chica has been working for a chaebol for several years now, I think like 5 at this stage or something. She's just now getting to slightly higher pay than myself. The company, however, does have a lot of odd benefits. Once, a certain department did extremely well for the year and each employee got a 10 million won bonus. She got 1 million, different department. Very cheap education classes are also available at the company, such as jazz dance, piano, English, Japanese, other stuff I'm sure. Other benefits like getting into places owned by the company cheaper and such, and you can get discounts on products made by your department, but since she doesn't manufacture cars, she can't get a car from the company cheaper. Lots of benefits, but very picky. Management doesn't like you taking daily education classes when you should be in the office slaving over paperwork or something.

As far as retaining employees, I've heard differently from what was quoted by someone, though it pertains to women. Once you start creeping up in years, you run a higher risk of being let go, and this is one of the big, stable companies we're talking about here.
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Swiss James



Joined: 26 Nov 2003
Location: Shanghai

PostPosted: Thu Apr 07, 2005 8:29 pm    Post subject: Reply with quote

the guys in my company don't get nearly enough cash for the amount of crap they have to put up with, and yet they still won't let me pay for dinner.
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mindmetoo



Joined: 02 Feb 2004

PostPosted: Thu Apr 07, 2005 8:49 pm    Post subject: Reply with quote

Real Reality wrote:
mindmetoo,

What if the foreigner is married and has children? Do the employers consider this when hiring foreigners?


No. If you READ what I said, idiot, you'd see that, like a job at McDonald's isn't structured for one's home ownerships plans, hagwon teaching is not intended or structured for married foreigners or even married middle aged Koreans. It's a young, single person's job. Most of the Koreans I work with are either married women looking to supplement their husband's income or 20somethings trying to bank some money to complete their degree.

So, yeah, you might be married. You might have children. But oh well. If you are married with kids, do you take a job at McDonald's expecting to afford a house and have a middle class lifestyle handed to you? If you do take such a job, you're going in with full knowledge of its limitations.

It's a hagwon job, fer crist sakes. It's not a professional position. We might wish it were more professional and you might feel over qualified for your job, but there are three recent grads with a BA who would do your job happily for 100,000 won less a month. And hagwon owners know it.

Why in god's name do you obsess on this? Why in god's name are you always trying to make this fly by night scheme something more than it is? What fantasy world do you live in?
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verschiedenes



Joined: 27 Dec 2004
Location: Korea

PostPosted: Mon Apr 11, 2005 9:37 am    Post subject: Reply with quote

One of my friends works for a larger company (not Samsung or LG (or whatever it's called now)), and makes around 30 mil. won/year. He's fresh out of university.
Another one works for a medium-sized company, makes around 25 mil. won/year. Plus bonuses. Also fresh out of university.
Both of them speak fluent English, got 900+ on their TOEIC tests.
And of course they are working at least 10 hours a day.

When I say "working" I mean sitting in the office, pretending to work, having coffee, chatting with their co-workers a good portion of the time. Nobody cares if they're actually getting any work done. Koreans just like to say how diligent they are.

It's basically the same as in high school: extremely long hours, but most of the time they're just sleeping or reading comic books. It's all about how it looks to people on the outside.

I suspect as they get older many man stay at work long hours to avoid their wives and children.

I don't know... do they include dinner/hof/norebang time when they're talking about their working hours?
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chiaa



Joined: 23 Aug 2003

PostPosted: Wed Apr 13, 2005 5:37 am    Post subject: Reply with quote

Here is a neat little fact that fits into this thread.

A friend just graduated with her MA and got a job in her field. Until her paperwork is done (dont know if it is company or government paperwork) she gets paid a "part timers salary", which is about half of what her normal pay will be.

She got hers done in three weeks, but there was another person at the company that it took three months!
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TheMrCul



Joined: 09 May 2003
Location: Korea, finally...

PostPosted: Thu Apr 14, 2005 5:06 am    Post subject: Reply with quote

sparkx wrote:
Here at my company (one of Korea's biggest) the starting salary for a 20 something assistant manager is 1.5-1.8/year. This, however, doesn't include bonuses (around 2 million per year).

Here's the catch though- all of these guys are given x number of vacation days per year (between 10-20 depending on their position) but nobody takes them. It's an unwritten rule that if you take all of your designated vacation days during the year, you may as well start looking for a new job.

The other interesting thing is that a lot of these guys have absolutely no interest in becoming managers. By remaining an assistant manager or even office worker, you are better protected under Korean labor laws AND you aren't at the beck and call of upper management. Basically if you are a manager expect to work 80 hours per week including Saturdays and don't even think about leaving the office before your superiors...


I'd totally agree. I see the dad at my homestay once every 5 days or so, if I'm lucky. He gets home after I go to sleep and leaves before I wake up. Discussing with the Mum. She's probably going to go to Australia with the kids and he'll become a ��帮 �ƺ�. She was melancholy about the fact, but I was thinking, what difference is it going to make?
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