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Paddycakes
Joined: 05 May 2003
Location: Seoul
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 Posted: Mon Jan 28, 2013 1:29 am Post subject: |
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| Open your own Kimbap Nara. |
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kimchi_pizza
Joined: 24 Jul 2006
Location: "Get back on the bus! Here it comes!"
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| Posted: Mon Jan 28, 2013 2:20 am Post subject: Re: Good Investments in Korea? |
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| thebearofbundang wrote: |
My wife and I have come into a nice amount of money and are looking to invest it within Korea, but outside of the stock market (we have money tied up in it already). Basically, wondering if anyone has any opinions on the pros/cons of the following ideas:
- Open a restaurant, either a pub or a franchise chain (i.e. subway)
- Open an English academy (I feel like there is so much competition in this field though that it would be tough to make money)
- Create a recruiting company for finding NET's.
Anyone with any experience (success or failure) in any of these? Any other ideas?
I should add, the money is around 180,000,000Won and was given to us from my wifes father who just sold his company (which I did/kinda still do) work for. |
That depends...given the fact that you are foreigners...the odds are not good.
For a restaurant, how familiar are you with the food service industry and the laws of this country and the palate of the people?
Academies? Are you familiar with the laws of this country, strict regulations of opening a hagwon and the hagwon association in your vicinity? Dealing with moms and dads that require fluent Korean speakers..
As for recruiting~~~low investment needed, but dealing with EXPATS now...good luck.
The fact you publically announce the amount you inherited and want to 'flaunt' displays poor judgement and best left saved in a bank. The best, 'solid' investment is family, land and home. The risks are great here.. And I say this with all sincerity as I think I know who you are. |
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Drew10
Joined: 31 Mar 2009
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| Posted: Mon Jan 28, 2013 2:43 am Post subject: Re: Good Investments in Korea? |
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| FDNY wrote: |
| thebearofbundang wrote: |
- Open a restaurant, either a pub or a franchise chain (i.e. subway)
- Open an English academy (I feel like there is so much competition in this field though that it would be tough to make money)
- Create a recruiting company for finding NET's. |
Any business in Korea has a very small chance of still being alive after 12-24 months. Therefore, statistically, any of the three listed above would all be good ways of blowing your savings.
A successful English Academy will cost you lots. Parents want polish, quality and style. That costs $$$. Therefore, I would say you need at least 150,000,000-200,000,000 for that.
A good restaurant will be more. You're looking at 200,000,000 and above. For example Craftworks put out 400,000,000 to get off the ground.
The recruiting copmpany would be mainly online. So, it would be cheaper, but you have LOTS of competition. Good luck. |
I can't comment on the academy, but I think your numbers are WAY off on the restaurant calculations.
You don't need a massive space to earn a decent return on investment.
So a small-ish place will leave plenty of money left to diversify investments as to not place all eggs in one basket so-to-speak. |
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Paddycakes
Joined: 05 May 2003
Location: Seoul
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| Posted: Mon Jan 28, 2013 3:53 am Post subject: |
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The fact that you're also asking a bunch of ESL teachers for financial advice also suggests bad judgement and little financial sense.
I suspect you'll invest your money till it's all gone.
Go find a professional wealth manager who speaks English.
Make sure you check him out carefully. |
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rainman3277
Joined: 13 Sep 2009
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| Posted: Mon Jan 28, 2013 4:12 pm Post subject: Re: Good Investments in Korea? |
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| Drew10 wrote: |
| FDNY wrote: |
| thebearofbundang wrote: |
- Open a restaurant, either a pub or a franchise chain (i.e. subway)
- Open an English academy (I feel like there is so much competition in this field though that it would be tough to make money)
- Create a recruiting company for finding NET's. |
Any business in Korea has a very small chance of still being alive after 12-24 months. Therefore, statistically, any of the three listed above would all be good ways of blowing your savings.
A successful English Academy will cost you lots. Parents want polish, quality and style. That costs $$$. Therefore, I would say you need at least 150,000,000-200,000,000 for that.
A good restaurant will be more. You're looking at 200,000,000 and above. For example Craftworks put out 400,000,000 to get off the ground.
The recruiting copmpany would be mainly online. So, it would be cheaper, but you have LOTS of competition. Good luck. |
I can't comment on the academy, but I think your numbers are WAY off on the restaurant calculations.
You don't need a massive space to earn a decent return on investment.
So a small-ish place will leave plenty of money left to diversify investments as to not place all eggs in one basket so-to-speak. |
Totally agree. I personally know three pub owners. One in gangnam, one in daejeon and one in itaewon, all bigger than Craftworks and none of them put out 400,000,000. I'm not saying your wrong, but if you're right, those guys at craftworks flushed a lot of money down the toilet. |
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PRagic
Joined: 24 Feb 2006
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| Posted: Mon Jan 28, 2013 8:31 pm Post subject: |
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| Great link, but pretty general. Yeah, I was raised in this stuff. |
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Drew10
Joined: 31 Mar 2009
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| Posted: Mon Jan 28, 2013 10:25 pm Post subject: Re: Good Investments in Korea? |
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| rainman3277 wrote: |
| Drew10 wrote: |
| FDNY wrote: |
| thebearofbundang wrote: |
- Open a restaurant, either a pub or a franchise chain (i.e. subway)
- Open an English academy (I feel like there is so much competition in this field though that it would be tough to make money)
- Create a recruiting company for finding NET's. |
Any business in Korea has a very small chance of still being alive after 12-24 months. Therefore, statistically, any of the three listed above would all be good ways of blowing your savings.
A successful English Academy will cost you lots. Parents want polish, quality and style. That costs $$$. Therefore, I would say you need at least 150,000,000-200,000,000 for that.
A good restaurant will be more. You're looking at 200,000,000 and above. For example Craftworks put out 400,000,000 to get off the ground.
The recruiting copmpany would be mainly online. So, it would be cheaper, but you have LOTS of competition. Good luck. |
I can't comment on the academy, but I think your numbers are WAY off on the restaurant calculations.
You don't need a massive space to earn a decent return on investment.
So a small-ish place will leave plenty of money left to diversify investments as to not place all eggs in one basket so-to-speak. |
Totally agree. I personally know three pub owners. One in gangnam, one in daejeon and one in itaewon, all bigger than Craftworks and none of them put out 400,000,000. I'm not saying your wrong, but if you're right, those guys at craftworks flushed a lot of money down the toilet. |
I've never been to craftworks so I can't comment on the size/quality of the build, but you also have to factor in the fact that they have an off-site commercial brewery. that's probably factored into the cost as well.
I know a guy with zero experience who built a pub from a cement box in a building for 100,000,000 (including building deposit). Talking to him today, he said if he had known you didn't need to hire contractors and pull permits he could have saved about 30,000,000. this is a 30 pyeong space, plenty big enough for a pub/restaurant. |
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Handsome Boy
Joined: 03 Jun 2003
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| Posted: Tue Jan 29, 2013 12:26 am Post subject: |
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Any form of precious metals, gold being number one. As the other posters say forget property! and I wouldn't bother with any type of service industry, franchise etc, there's just to many of them, headache! Pubs, forget it! you're dealing with drunks!
Basically, I stick to 80% gold, 20% silver. Take physical delivery, don't buy certificates!
That's my two pennies worth anyway. |
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KimchiNinja
Joined: 01 May 2012
Location: Gangnam
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| Posted: Tue Jan 29, 2013 8:36 am Post subject: |
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Some random thoughts from a non-ESLer...
I've been out of traditional financial investments for a long time, these days more into investing in startups with people I know and trust, or land. The world economy is in a peculiar period that I find just too creepy. American equities no way, fixed income no way, US govt securities no feakin' way, currencies no way. Perhaps I just don't have the balls.
Maybe land, in the right country. In KR you could buy property outright with cash, and then Ponzi away. Get some other guy's deposit and use it to buy a second property, etc. Or dump his deposit money into the stock market long AAPL and lose it all. LOL. If it fails just grab a quick flight to Shanghai!
Asian equities, perhaps. There's a lot of exciting stuff happening over here if you don't mind risk.
Metals, perhaps. Not my field.
Personally I invested in a small English shop here in KR, moderate investment, was throwing off profits three months later, two years running now and way better returns than I'd be making in bonds/stocks.
Keeping a lot in cash too, which will probably get hyper-inflated into nothingness. 
The trouble with investment advice is that most "professional" money managers don't know jack and net of fees can't outperform the market. Hell, just buying a bunch of ETFs randomly would probably outperform most of these dorks. Passing some absurdly easy CFP exam doesn't mean anything, the really smart guys are going to be running a hedge fund stealing hundreds of millions from dim witted institutional investors... |
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Drew10
Joined: 31 Mar 2009
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| Posted: Tue Jan 29, 2013 8:52 pm Post subject: |
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Property is an almost ideal investment provided you buy in the right area.
In my hometown back in the states it's a buyer's market. A duplex in a decent neighborhood is up for sale for $12,000 right now. Move in ready, with each unit renting for between $500-$600 per month.
Not a bad ROI. |
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