Site Search:
 
Speak Korean Now!
Teach English Abroad and Get Paid to see the World!
Korean Job Discussion Forums Forum Index Korean Job Discussion Forums
"The Internet's Meeting Place for ESL/EFL Teachers from Around the World!"
 
 FAQFAQ   SearchSearch   MemberlistMemberlist   UsergroupsUsergroups   RegisterRegister 
 ProfileProfile   Log in to check your private messagesLog in to check your private messages   Log inLog in 

W40,000 times eight hours
Goto page 1, 2  Next
 
Post new topic   Reply to topic    Korean Job Discussion Forums Forum Index -> Job-related Discussion Forum
View previous topic :: View next topic  

Are you making "way too much money?"
Yes
28%
 28%  [ 6 ]
NO
71%
 71%  [ 15 ]
Total Votes : 21

Author Message
regicide



Joined: 01 Sep 2006
Location: United States
PostPosted: Sat Dec 02, 2006 5:34 am    Post subject: W40,000 times eight hours Reply with quote
I was in a Jim Gil Bang in Daejeon recently and a K guy starting talking to me in fairly good English. I was surprised because it was the first time in three months anyone had spoken to me in that place in English. Anyway, the first thing he said was he was surprised to see me here. He went on to say most foreigners would go to the Yusong hot springs area. I said "I live near here,that is why I am here" Then he said " you arent an English teacher are you? " Even though I am I responded no. He went on to say how he hated English teachers because they earned too much money. I said "oh really, how much do they earn?" Expecting to hear a couple of million a month or so he said "W40,000 an hour." And said , " at 8 hours a day they are making 320,000 a day, much more than back home". I agreed with him and was hoping to talk more and take a couple of shots at him and also see where he was coming from , but we both dashed out of the hot sauna and I didn't see him again.

Anyone else ever get the "inside scoop" about what they are thinking?
Back to top
View user's profile Send private message
ajuma



Joined: 18 Feb 2003
Location: Anywere but Seoul!!
PostPosted: Sat Dec 02, 2006 6:43 am    Post subject: Reply with quote
Ok...let's say that you work in a hagwon and make 2.1 mil a month. You teach 30 hours a week for 4 weeks (I'm rounding here) that's 17,500 an hour. Nowhere NEAR 40,000! Of course you have 5-40 students in your class. Now, if you are teaching 1-1, it only follows that you should be paid more for the individual attention that you give to 1 student.

If you run into that guy again, tell him how you can't even get a repair guy in the States to come to your house to LOOK at your problem for less than 50,000!!!
Back to top
View user's profile Send private message
waltjocketty



Joined: 09 Oct 2006
PostPosted: Sat Dec 02, 2006 10:16 am    Post subject: Reply with quote
I make 27k/hr, and I thought that was pretty good,
Back to top
View user's profile Send private message
Ya-ta Boy



Joined: 16 Jan 2003
Location: Established in 1994
PostPosted: Sat Dec 02, 2006 1:03 pm    Post subject: Reply with quote
Clearly, the guy in question is talking about private lesson fees, not salary, although he may not know it.
Back to top
View user's profile Send private message
antoniothegreat



Joined: 28 Aug 2005
Location: Yangpyeong
PostPosted: Sat Dec 02, 2006 1:43 pm    Post subject: Reply with quote
Ya-ta Boy wrote:
Clearly, the guy in question is talking about private lesson fees, not salary, although he may not know it.


could this be from some biased media report bashing foreign teachers? Nooo.... that NEVER happens here.
Back to top
View user's profile Send private message AIM Address MSN Messenger
IlIlNine



Joined: 15 Jun 2005
Location: Gunpo, Gyonggi, SoKo
PostPosted: Sat Dec 02, 2006 3:58 pm    Post subject: Reply with quote
... that's not the point.

Do you hate people for making 'too much money'?

You should have told that guy about this interesting economic system where everyone is equal... and then suggested he emigrate to the north.
Back to top
View user's profile Send private message MSN Messenger
mishlert



Joined: 13 Mar 2003
Location: On the 3rd rock from the sun
PostPosted: Sat Dec 02, 2006 4:07 pm    Post subject: Reply with quote
When doing your taxes here (U.S.) you not only have to put in your gross pay, but also your housing; that counts as what part of your pay as you would have to have paid it had the school not given you housing.
So, when calculating pay here, remember to add in housing.
Back to top
View user's profile Send private message Visit poster's website MSN Messenger
regicide



Joined: 01 Sep 2006
Location: United States
PostPosted: Sat Dec 02, 2006 4:17 pm    Post subject: Reply with quote
IlIlNine wrote:
... that's not the point.

[qoute]Do you hate people for making 'too much money'? [/qoute]

You should have told that guy about this interesting economic system where everyone is equal... and then suggested he emigrate to the north.


I really wish I would have had more time with him. This kind of jealousy is what keeps a society down. But in this case it is directed at "outsiders". English Teachers here top out at what , 5 million a month, if someone works day and night , seven days a week? Is that "way too much money?" Lot's of small business owners here make 10 million or more. But back to the jealousy factor; lets just say you could get that many private hours in a day? I recall getting 8 hours a day at NT 800 an hour in 1996 when the NT was 25 to 1. And I was working on a 60 day tourist visa and flying with my student all over Asia, including Hawaii That was $32 an hour in 1996! But what have I got to show for that? Contributions into a 401K, management opportunities? Who flew me to Taiwan? Not that guy.
Back to top
View user's profile Send private message
ChuckECheese



Joined: 20 Jul 2006
PostPosted: Sat Dec 02, 2006 5:11 pm    Post subject: Reply with quote
mishlert wrote:
When doing your taxes here (U.S.) you not only have to put in your gross pay, but also your housing; that counts as what part of your pay as you would have to have paid it had the school not given you housing.
So, when calculating pay here, remember to add in housing.


I disagree.

Yes, if you're paid "housing allowance" then it can be considered part of your normal salary.

But No, if your employer offered the housing for free. If your employer leased the apartment for you, it becomes employer's business expense. You are obligated to report only the gross pay that Korean tax had been deducted.
Back to top
View user's profile Send private message
regicide



Joined: 01 Sep 2006
Location: United States
PostPosted: Sat Dec 02, 2006 5:20 pm    Post subject: Reply with quote
ChuckECheese wrote:
mishlert wrote:
When doing your taxes here (U.S.) you not only have to put in your gross pay, but also your housing; that counts as what part of your pay as you would have to have paid it had the school not given you housing.
So, when calculating pay here, remember to add in housing.


I disagree.

Yes, if you're paid "housing allowance" then it can be considered part of your normal salary.

But No, if your employer offered the housing for free. If your employer leased the apartment for you, it becomes employer's business expense. You are obligated to report only the gross pay that Korean tax had been deducted.


You are also able to deduct all your expenses related to working here. ( if your contract is one year or less) You will need to use a schedule "C" to do this and you will not need to give up your