Korean Job Discussion Forums

[Real Reality]

Annual Pay for Entry-level Employees
Hana Bank: 39.5 million won ($38,800)
Shinhan Bank: 37 million won
Citibank (Korea): 35 million won
Industrial Bank of Korea: 35 million won
Kookmin Bank: 34 million won
Korea Development Bank: 34 million won
SC First Bank: 33 million won
SK Telecom Co.: 33 million won
Samsung Electronics Co.: 25 to 28 million won
Banks pay most to newbies
by Rah Hyun-cheol, JoongAng Daily (December 20, 2005)
http://joongangdaily.joins.com/200512/19/200512192141131239900090509052.html

What do similar entry-level positions pay in the United States?
(The U.S. GDP is $40,100 and South Korea's GDP is $19,200.*)

Salary ranges
Entry-level salaries for those holding a bachelor's degree range from about $27,000 to $37,000.
Career Profile Search Details Job Title: Commercial Banking (Consumer)
http://www.jobweb.com/resources/profiledetails.asp?jfcode=5

Entry Level Income Banking Jobs
Banking job titles are in the salary range of $10,000 - $30,000
http://swz.salary.com/salarywizard/layouthtmls/swzl_salaryrangenarrowjob_10_FA02.html

* CIA - The World Factbook
Rank Order - GDP - per capita
http://www.cia.gov/cia/publications/factbook/rankorder/2004rank.html

Also see:
GLOBAL/WORLD INCOME PER CAPITA GNI, GNP, GDP, 2005
http://www.finfacts.com/biz10/globalworldincomepercapita.htm

GNI- Gross National Income per capita (PPP$) - 2003
http://globalis.gvu.unu.edu/indicator.cfm?IndicatorID=140&country=KR#rowKR

[Ya-ta Boy]

Wow! This post is really relevant to my life since my next job is going to be in a Korean bank. Thanks for the useful info.

[Real Reality]

Ya-ta Boy,
Please post the annual pay for entry-level teachers in Korea. While you are at it, please post the annual pay for teachers with 1 year, 5 years, 10 years, and 15 years experience.

Will the annual pay of entry-level teachers equal or surpass the pay of teachers in the United States? How much is education valued in Korea? What is the turnover rate for Korean teachers? What is the turnover rate for foreign teachers?

[jaykimf]

Real Reality; Who cares? I know I sure don't. If that information is so important to you , look it up yourself. You've got a lot of nerve asking Ya-ta boy to do your homework.

[Homer]