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Gwangjuboy
Joined: 08 Jul 2003
Location: England
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 Posted: Mon Nov 17, 2003 3:28 am Post subject: |
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| sakamuras wrote: |
| actually, take an economics course and find out how much the U.S. has profited from Korea's post-war booming economy. the cost of stationing the GI's in korea pale in comparison to the hundreds of billions of dollars generated through beneficial trade agreements. |
The booming economy you speak of can be attributed to the fact that the United States gave Korea a market for it's goods. I have often said that had the Japanese colonised Thailand instead of Korea, then Thailand would be the 13th biggest economy in the world. Dig up some decent economics text books and brush-up on your knowledge of the subject. Only a fool overlooks US market manipulation and how it benefited Korea. |
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Yaya
Joined: 25 Feb 2003
Location: Seoul
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| Posted: Mon Nov 17, 2003 10:10 am Post subject: |
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| kimcheeking wrote: |
| Corporal wrote: |
Kimcheeking, do you now or have you ever done anything illegal? Immoral? Even slightly tasteless?
Don't say yes and ruin our perfect vision of you, now.  |
Nobody is perfect.
jaywalking is illegal.. yes I have done that... I smoked pot when I was 17 (a waste of time if ever there was one). And a few other things I'm sure.
Immoral, not that I am aware of.
Tasteless - all the time.
*edit* but why should one be proud of these activites. It seems like people on this board are bragging about thier illegal and/or immoral/unethhical activites (drugs, not paying loans, teaching privates, or whatever). Why would you want to do that. There are a few areas that I feel rather strongly about and I will post about them. If you disagree fine. There is, however, no need to get all upset about what I am saying, unless of course you feel guilty. Is your conscience bothering you? or anyone on this board? |
Yo, King, don't you think ironic that some of these posters who brag or admit that they won't repay their loans because they think it's unfair to pay so much for an education or they think the interest rates are too high would blast any financial impropriety by a Korean boss or person? It's like a person lectures another on not jaywalking AS THE PERSON IS JAYWALKING HIMSELF.
It's good to know that they ARE some people who do take responsibility for their actions, even if they could get away with not doing so. |
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The Man known as The Man
Joined: 29 Mar 2003
Location: 3 cheers for Ted Haggard oh yeah!
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| Posted: Mon Nov 17, 2003 12:00 pm Post subject: |
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| Corporal wrote: |
Kimcheeking, do you now or have you ever done anything illegal? Immoral? Even slightly tasteless?
Don't say yes and ruin our perfect vision of you, now. |
princess, I know I can honestly answer that I haven't. |
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Juggertha
Joined: 27 May 2003
Location: Anyang, Korea
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| Posted: Tue Nov 18, 2003 4:51 am Post subject: |
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I'm paying mine from over here. BUT I have on occaison missed payments due to money transfers and such. The creditors refused to contact me through e-mail and instead harrassed everyone else i have ever known.
I finnaly got one to correspond with me vis the net and found out and resolved the arrears. I asked him to mail me as soon as it went though (banking form here has been tough with CIBC) well as soon as they got thier money they wouldnt contact me.
So as it stands, i send thins back and hope that all is paid on time. If not.. i'll see em in 5 years! |
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shawner88
Joined: 01 Feb 2003
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| Posted: Tue Nov 18, 2003 5:19 am Post subject: |
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| I don't see what the big deal is. While I agree I was pretty naive of the consequences of having such a high loan when I was 18-21 and given a big check to sign, I did get a good education (without it I wouldn't have had the opportunities I have now). Also, it's not like you have to make huge payments. Student loans are the most flexible of any kind of loan. I paid just the interest on my plan for several years, like $70 a month, until I could afford to pay more and changed the plan. Yeah it was a watse of money, but just doing this keeps you in "good standing" on your credit report. Now I've been making $200 payments and putting the rest in the bank. Yeah it will take forever, but my credit is in prime shape. My credit card company gave me a limit of $30,000 because I've used the same card for 10 years and always pay my student loans on time (also paid off a 5 year car loan and some smaller store cards). If I want to get a house someday or buy a new car, I can get a loan if needed. Also, more importantly, iif there was an emergency, such as a broken bone or something that forced me to not be able to work, I can live for a while off my bank account and credit. I like having that security. |
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William Beckerson
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| Posted: Tue Nov 18, 2003 6:30 am Post subject: |
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| Joo Rip Gwa Rhhee wrote: |
| Which leads me to the third thing here that most of the people on this board are selfish fools who have no class at all. |
Ladies and gentlemen, allow me to introduce you to the droning answer to a question never asked: Joo Rip Gwa Rhhee It'll be interesting to see how he can turn this thread into a stirring defence of the Bush administration. I can't wait.
| Kimcheeking wrote: |
| It seems like people on this board are bragging about thier illegal and/or immoral/unethhical activites (drugs, not paying loans, teaching privates, or whatever). Why would you want to do that. |
-Most of these things you mention are personal value judgements.
-Not everyone who defaults is a sneaky Snidely Whiplash character out to screw the system.
-You're far too decent of a guy to resort to "holier than thou" as a basis for your posts. You should stop. |
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Joo Rip Gwa Rhhee
Joined: 25 May 2003
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| Posted: Tue Nov 18, 2003 6:11 pm Post subject: |
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| Quote: |
| but why should one be proud of these activites. It seems like people on this board are bragging about thier illegal and/or immoral/unethhical activites (drugs, not paying loans, teaching privates, or whatever). Why would you want to do that. There are a few areas that I feel rather strongly about and I will post about them. If you disagree fine. There is, however, no need to get all upset about what I am saying, unless of course you feel guilty. Is your conscience bothering you? or anyone on this board? |
How can you equate teaching privates with doing drugs or not paying back your student loans?
There is a big difference. |
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desultude
Joined: 15 Jan 2003
Location: Dangling my toes in the Persian Gulf
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| Posted: Tue Nov 18, 2003 7:11 pm Post subject: |
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| How can you equate teaching privates with doing drugs or not paying back your student loans? |
UMMMM. . .All are illegal?
I hear a lot of what I would consider criticism of "situational ethics" on this thread. If you are going to be black and white, absolutist, about ethics, then you have to include marijuana, privates, and whatever other laws you are violating. |
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Joo Rip Gwa Rhhee
Joined: 25 May 2003
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| Posted: Wed Nov 19, 2003 12:27 am Post subject: |
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| desultude wrote: |
| Quote: |
| How can you equate teaching privates with doing drugs or not paying back your student loans? |
UMMMM. . .All are illegal?
I hear a lot of what I would consider criticism of "situational ethics" on this thread. If you are going to be black and white, absolutist, about ethics, then you have to include marijuana, privates, and whatever other laws you are violating. |
Legal and moral are different. And in Korea you can do privates if you have the right blood.
There is no comparison. The only reason the Korea government has the laws is they don't like the idea of foreigners making too much money, and to protect big hogwons like YBM, SLP and Wonderland who overcharge parents. Furthermore if big chains like YBM or Wonderland paid any where near market rates for teaching no one would bother doing privates anyway.
And on top of this is not even really more expensive for someone to hire a private tutor if there are 3 or 4 in a group because hogwons charge so much. Up to 13,000 an hour per student. - SLP Ilsan
And it is reflected in your salary too. Becuase if the Korean govenment cracked down hard on privates for an extended time many of the foreigners would be gone and then salaries would be much higher.
When you do privates unless you are getting your students from your school you are not hurting anyone or doing anything unethical, that is not the case when you refuse to pay your loans- (which is bascially theft) or do hard drugs.
Student loans are a service a kind of charity from the goverment and banks- they are doing you a favor by giving them to you. The rates are lower and the payments defered. . Korea needs English because they have an export driven economy. They are not doing you a favor by letting you work in Korea. Korea is doing very well thank you very much. |
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desultude
Joined: 15 Jan 2003
Location: Dangling my toes in the Persian Gulf
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| Posted: Wed Nov 19, 2003 1:08 am Post subject: |
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Joo Rip Gwa Rhhee
| Quote: |
Legal and moral are different. And in Korea you can do privates if you have the right blood.
There is no comparison. The only reason the Korea government has the laws is they don't like the idea of foreigners making too much money, and to protect big hogwons like YBM, SLP and Wonderland who overcharge parents. Furthermore if big chains like YBM or Wonderland paid any where near market rates for teaching no one would bother doing privates anyway.
And on top of this is not even really more expensive for someone to hire a private tutor if there are 3 or 4 in a group because hogwons charge so much. Up to 13,000 an hour per student. - SLP Ilsan
And it is reflected in your salary too. Becuase if the Korean govenment cracked down hard on privates for an extended time many of the foreigners would be gone and then salaries would be much higher.
When you do privates unless you are getting your students from your school you are not hurting anyone or doing anything unethical, that is not the case when you refuse to pay your loans- (which is bascially theft) or do hard drugs. |
And in the U.S., if you are born into the right family, you don't have to begger yourself to get an education, or put yourself on the front line of a rich man's war.
I'm glad to see that you rationalize as well as those who don't pay their student loans. What you are doing, if you teach privates, is illegal. It is also de facto lying to the government, which some would certainly see as being immoral.
So for you it is okay to do something illegal, and immoral, because it only harms the big business Hogwans. For others it is okay to rip off the big business banks over student loans.
Is is okay to do "soft drugs" and just not hard drugs? Aren't both illegal? If they weren't illegal, most "hard drugs" (save methamphetimines and a few others) would not harm anyone except for the person using them. What is your distinction?
Sorry, do drugs, teach privates when you are not supposed to, default on student loans- please show me a hard distinction, not just slippery slope self-justifying logic.
"Let he who is without sin. . ." |
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princess
Joined: 16 Jan 2003
Location: soul of Asia
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| Posted: Wed Nov 19, 2003 7:43 am Post subject: |
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| Yeah, you can pay off $10,000 a yer on your loans living in Korea, IF you are willing to live like a rat in Korea. I know people in Korea who brag about saving 10,000 a year, but they are miserable people to live and work with. On the weekends they do nothng but sit around in their neighborhood. I was just recently working with a guy like this. he was sening home almost everything he made to pay back his loans. he was not too happy of a camper. When I am in Korea, I want to shop, travel, and entertain myself while I am young and spritely. Don't even get me started on how crappy the US is. Attention Americans: Did you now the US cares about immigrants more than it cares about you. Mr. Bush only cares about sending billions of , that's right, taxpayers' dollars to Iraq, while people in the states and elsewhere are struggling to pay back those good old loans. Plus, most degrees are not worth the paper they are printed on. Unless you have rich parents with connections, you are not guaranteed a great job anywhere in the world with your degree. That's why I will live abroad forever. Mexicans and all these other immigrants come here in droves, sign up for welfare, and then open Mexican restaurants. They make way more money than most of us will ever see in our lives. When we go to Korea or anywhere else, that country's government will not keep us up. But, no wonder so many people want to come to the US. It rolls out the red carpet for immigrants and treats its own people like total crap. |
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Homer
Guest
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| Posted: Wed Nov 19, 2003 7:43 am Post subject: |
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Well,
The old lets default on student loans thread. Much like last time it’s a sad list of pathetic excuses that simply show how many westerners of our generation are irresponsible and think the world owes them something.
It’s a basic refusal to take your responsibilities and to honor your engagements. Of course these same people are quick to cry foul when someone does the same to them. Then its outrageous.
They conveniently leave out the fact that defaulting on your loans hurts others and that its basically just being irresponsible. They also often say they don’t want to waste their youth paying loans back when really its not that difficult doing so while working in Korea. Its plain selfishness and a refusal to look beyond one’s little needs.
Its also quite short sighted as banks will not forget you defaulted and it sends your credit to the toilet. It also makes loans tougher to get for the next students and scholarships fewer. It’s a real service you are paying the society where you grew up. Most will now proceed and flame me. Who cares. What you are doing by defaulting is wrong.
The loan you took out gave you the chance to get a University degree which in turn got you this job in Korea. You make more then enough money here (with the advantages that come with the job: accommodations for example) to be able to send money home and pay off your loan. But no, you prefer to spue forth a list of excuses on how you got cheated and they owe you something. This kind of attitude will follow you all your life. It just speaks volumes about who you are.
I would be quite interested to see anyone show me how its impossible for them to pay back their loans while working here. That would be quite surprising. |
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The Man known as The Man
Joined: 29 Mar 2003
Location: 3 cheers for Ted Haggard oh yeah!
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| Posted: Wed Nov 19, 2003 10:44 am Post subject: |
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| princess wrote: |
| Yeah, you can pay off $10,000 a yer on your loans living in Korea, IF you are willing to live like a rat in Korea. I know people in Korea who brag about saving 10,000 a year, but they are miserable people to live and work with. On the weekends they do nothng but sit around in their neighborhood. I was just recently working with a guy like this. he was sening home almost everything he made to pay back his loans. he was not too happy of a camper. When I am in Korea, I want to shop, travel, and entertain myself while I am young and spritely. Don't even get me started on how crappy the US is. Attention Americans: Did you now the US cares about immigrants more than it cares about you. Mr. Bush only cares about sending billions of , that's right, taxpayers' dollars to Iraq, while people in the states and elsewhere are struggling to pay back those good old loans. Plus, most degrees are not worth the paper they are printed on. Unless you have rich parents with connections, you are not guaranteed a great job anywhere in the world with your degree. That's why I will live abroad forever. Mexicans and all these other immigrants come here in droves, sign up for welfare, and then open Mexican restaurants. They make way more money than most of us will ever see in our lives. When we go to Korea or anywhere else, that country's government will not keep us up. But, no wonder so many people want to come to the US. It rolls out the red carpet for immigrants and treats its own people like total crap. |
You should marry an attractive blond Canadian and get your B. Ed degree. Canada pays their teachers a lot more than in the USA. |
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Homer
Guest
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| Posted: Wed Nov 19, 2003 10:55 am Post subject: |
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Princess...
| Quote: |
| Yeah, you can pay off $10,000 a yer on your loans living in Korea, IF you are willing to live like a rat in Korea. |
Not true dear. You don't have to live like a rat to pay it back.
Look at 10 000 in capital plus interest maybe about 13000 total.
over 2 years that comes to monthly payments of 541$.
If you work in Korea and earn around 2 million won/month, rather standard and save 1 million (quite easy) which in turn means about 1200 canadian in your bank...you make your payments with over 700 clear in your account every month....
Now living in Korea on 1 million a month is quite confortable.
Still sounds too tough?
Option 2: pay back the same amount but spread it over 5 years which means monthlies of around 216$..based on the same income and savings as before you end up with about 1000 clear savings....quite nice.
If your smart, at the end of the year you take that 12 000 in savings (1000 x 12) and pay the balance of your loan, saving interest and you are then clear.
Not exactly living like a rat or wasting your youth in slavery.. 
double that loan and over 5 years thats a 433 montly...which means you pay back roughly 5000 per annum and still save about 10000 in your account while living on that same 1 million per month here....again, at the end of the year you can make larger payments thereby lowering your capital and maybe your payments...2 years and its paid and you haven't really suffered or "wasted your good years"...
Quite simply..its easily doable...refusal to do so clearly shows a basic denial of ones responsibility...well done |
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Mr. Pink
Joined: 21 Oct 2003
Location: China
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| Posted: Wed Nov 19, 2003 1:14 pm Post subject: |
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| Homer wrote: |
Well,
The old lets default on student loans thread. Much like last time it’s a sad list of pathetic excuses that simply show how many westerners of our generation are irresponsible and think the world owes them something.
It’s a basic refusal to take your responsibilities and to honor your engagements. Of course these same people are quick to cry foul when someone does the same to them. Then its outrageous.
They conveniently leave out the fact that defaulting on your loans hurts others and that its basically just being irresponsible. They also often say they don’t want to waste their youth paying loans back when really its not that difficult doing so while working in Korea. Its plain selfishness and a refusal to look beyond one’s little needs.
Its also quite short sighted as banks will not forget you defaulted and it sends your credit to the toilet. It also makes loans tougher to get for the next students and scholarships fewer. It’s a real service you are paying the society where you grew up. Most will now proceed and flame me. Who cares. What you are doing by defaulting is wrong.
The loan you took out gave you the chance to get a University degree which in turn got you this job in Korea. You make more then enough money here (with the advantages that come with the job: accommodations for example) to be able to send money home and pay off your loan. But no, you prefer to spue forth a list of excuses on how you got cheated and they owe you something. This kind of attitude will follow you all your life. It just speaks volumes about who you are.
I would be quite interested to see anyone show me how its impossible for them to pay back their loans while working here. That would be quite surprising. |
I thought I was done with this thread, but just to point a few things out:
1) NOW it is pretty possible to make those payments. The exchange rate is going to crap (for Canadians anyways) but it is no where near so bad as it was during IMF.
2) People like me who came right after university and got hit with IMF, we were making 1/2 of what new teachers make these days, yet the exchange rate was more than double...you do the math.
3) Some people out right said they would never pay it back, while others said they couldn't due to some financial problem, but they would pay it back once they got stable again.
4) I am tired of hearing how those loans paid for my university education...in fact in my case it only paid 50% of my education...I paid the other 50%...so what do we say in that case? Swap my degree for a 2 year diploma? (Might be more useful in the long run...)
5) About Kimchiking saying he has no respect for people who don't pay it back. I wonder do you respect people who divorce? Do you respect people who claim bankruptcy? How about those who teach privates? Get off your high horse. People are just that, people, if it was your brother or uncle or someone close to you, would you honestly say you "wouldnt respect" them? I doubt it.
6) This thread should be one with a little more understanding. Instead of critizing people, how about you point out some sound advice on how YOU paid it back? How about getting off the high horses and showing those defaulters it IS possible.
7) Lastly, there are defaulters from every country it seems. As a Canadian I can tell you ONLY the bank portion of your loan effects your credit rating, so all those "I want my credit to be top rated and clean" posts don't mean sheeet for the Canadians reading this board. Credit ratings are very over rated. As I posted somewhere before, having a solid job that is very secure will help you get a loan vs. having great credit and a crap job.
Hope I can say truthfully I am done with this thread...but who knows, I think a few people need to look in the mirror sometime. Also the person who posted "He who is without sin, cast the first stone." That is so true...illegal is illegal, so how about taking my advice #6? |
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