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Korean Job Discussion Forums
"The Internet's Meeting Place for ESL/EFL Teachers from Around the World!"
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alongway
Joined: 02 Jan 2012
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 Posted: Mon Jun 18, 2012 2:58 pm Post subject: |
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| detonate wrote: |
Yet most of us don't work full time... the plot thickens.     |
Even though teachers don't work 40 hours a week, if they're salaried they're considered to be full time workers. |
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motiontodismiss
Joined: 18 Dec 2011
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| Posted: Mon Jun 18, 2012 3:00 pm Post subject: |
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The exchange rate was less than 1,000 won to a dollar in 2009? Given that the won spiked to 1,550 in September of 08, I highly doubt that. A more accurate dollar figure is like $1,200-$1,400. Korean won=Zimbabwean dollar. It's toilet paper. Korea's average wage could be 10 billion won a month and that rat-faced idiot Lee Myung Bak will find a way to make that worth $10k.
Of course, he's too busy digging up rivers to see that at this pace, Korea will be a province of China in 20 years. |
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v88
Joined: 28 Feb 2010
Location: here
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| Posted: Mon Jun 18, 2012 6:45 pm Post subject: |
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Interesting. According to this, I need to make nearly 80,000$ a year in Canada to make what I make here.
A little worrying considering the hours I work and the vacation time I get here.
I go home, and I'll be working 40 hours a week minimum with 2 weeks vacation. I'll also have huge mortgage payments, 2 cars and more expensive maintenance and utility bills.
I had under estimated my Korean earnings compared to home....wonder why Korea's PPP is so much better? |
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wishfullthinkng
Joined: 05 Mar 2010
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| Posted: Mon Jun 18, 2012 7:02 pm Post subject: |
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| Seoulman69 wrote: |
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| The only thing you did was provide a link and use it as the sole basis for dismissing the other data. That isn't anything close to viable debating. Also you did manage to make clear in your attempt at data comparison that you have an absolute lack of understanding on what PPP$ actually is and how it effects data. When data has been adjusted for PPP$ you can not just nonchalantly do your own reconversion back to won because it will be extremely inaccurate. |
The link I provided earlier is from Korea and gives the average in won. No need for PPP$.
Here it is again - http://koreajoongangdaily.joinsmsn.com/news/article/article.aspx?aid=2922210 |
lol. i just read this artcle. you must be kidding me. you think this is actually about teachers? try the other low ranking jobs like immigrant factory workers.
in fact the text says:
"The data released yesterday underscored that most foreign workers in Korea are employed in low-skilled, low-paying jobs that are shunned by Koreans."
being a teacher is actually highly respected here and some would argue requires skill.
sorry champ, but you are wrong. english teachers make much, much more than the lowest paid koreans.
edit: if you are only making around 13k a year then you might have not read your contract carefully enough. have fun with that! |
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motiontodismiss
Joined: 18 Dec 2011
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| Posted: Mon Jun 18, 2012 10:04 pm Post subject: |
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| v88 wrote: |
I go home, and I'll be working 40 hours a week minimum with 2 weeks vacation. I'll also have huge mortgage payments, 2 cars and more expensive maintenance and utility bills.
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Well you don't HAVE to buy a house...there's always renting. |
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Seoulman69
Joined: 14 Dec 2009
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| Posted: Mon Jun 18, 2012 10:21 pm Post subject: |
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lol. i just read this artcle. you must be kidding me. you think this is actually about teachers? try the other low ranking jobs like immigrant factory workers.
in fact the text says:
"The data released yesterday underscored that most foreign workers in Korea are employed in low-skilled, low-paying jobs that are shunned by Koreans."
being a teacher is actually highly respected here and some would argue requires skill.
sorry champ, but you are wrong. english teachers make much, much more than the lowest paid koreans.
edit: if you are only making around 13k a year then you might have not read your contract carefully enough. have fun with that! |
You've got the wrong end of the stick, mate. I'm not comparing esl teachers to the other foreign workers or the lowest paid Koreans. The article gives an average full time wage for Koreans. I'm using that figure (40,000,000won a year) and comparing it to hagwon teachers average wage (33,600,000won a year). |
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wishfullthinkng
Joined: 05 Mar 2010
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| Posted: Tue Jun 19, 2012 1:35 am Post subject: |
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| Seoulman69 wrote: |
| You've got the wrong end of the stick, mate. I'm not comparing esl teachers to the other foreign workers or the lowest paid Koreans. The article gives an average full time wage for Koreans. I'm using that figure (40,000,000won a year) and comparing it to hagwon teachers average wage (33,600,000won a year). |
here are some credible links for you.
while from 2005 this article shows the average korean worker only making 26,152 a year.
[http://www.worldsalaries.org/korea.shtml]
the wikipedia entry says the gdp in 2010 is up to 30,000.
[http://en.wikipedia.org/wiki/Economy_of_South_Korea]
using the bbc calculator found here it estimates koreans make 27,683 per year.
[http://www.bbc.co.uk/news/magazine-17543356]
the average korean before tax makes nowhere near 40k a year. after taxes it's much much less than that.
that's why the fact that a youngster fresh out of college who's wet behind the ears and culturally ignorant can come over here and make more than an average korean makes some of them so resentful towards teachers.
edit: i actually have more than one korean friend who has verbally told me they pretend not to speak english to teachers in korea due to that very fact. |
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Seoulman69
Joined: 14 Dec 2009
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| Posted: Tue Jun 19, 2012 1:42 am Post subject: |
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| We are looking for full time wages. None of the links you supplied provide that. |
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wishfullthinkng
Joined: 05 Mar 2010
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| Posted: Tue Jun 19, 2012 2:10 am Post subject: |
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| Seoulman69 wrote: |
| We are looking for full time wages. None of the links you supplied provide that. |
occum's razor friend. occum's razor.
edit: these first two links contain FULL TIME data, still significantly less than 40k if that level of income is the baseline. feel free to search naver and daum in korean for even more, because they are there.
wiki lists average korean wage as 33,221usd.
[http://en.wikipedia.org/wiki/List_of_countries_by_average_wage]
chosun ilbo reported in 2011 that korea was at 33,000 a year.
[http://english.chosun.com/site/data/html_dir/2011/12/26/2011122601341.html]
this article from csid states that 12% of korea's wage earners make less than minimum wage, which is 4,580 won, in that article equivalent to around 4usd but now even worth less.
[http://column.global-labour-university.org/2012/05/challenges-for-minimum-wage-campaign-in.html]
the question is, why are you still arguing with me? |
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Seoulman69
Joined: 14 Dec 2009
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| Posted: Tue Jun 19, 2012 2:47 am Post subject: |
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I had a look at the Chosun Ilbo link and it stated the average full time wage is 33,000,000won a year. That's 2.75mill a month before bonuses. That's pretty much spot on a high hagwon salary including the housing grant. This would support my assessment that hagwon teachers are not making "bank". They have at best, an average wage. Add the bonus to the Korean average wage then once again hagwon workers would be earning less than the Korean average.
I'm not arguing with you. I'm just stating my belief that hagwon teachers are not earning the mega bucks that many people in this thread think they are. Believing we are arguing was perhaps the reason that Adam Corella (forgive me if I get the name wrong) embarrassed himself with his immature and abusive outburst earlier in this thread.
I tried earlier to leave this thread and will try again. I have stated my opinions and tried to support them with links, as have you. People can read the thread and draw their own conclusions. |
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ewlandon
Joined: 30 Jan 2011
Location: teacher
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| Posted: Tue Jun 19, 2012 2:58 am Post subject: |
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who cares what we make compared to Koreans. In the long run we cannot really make a career out of ESL. I'm sure some will argue you can and I'm not saying that you cant do ESL for a long time, what I'm saying is it is not a good career, meaning you cannot work your way up or gain many benifits much beyond what you start with your first year.
That being said we are making "bank" all things considered. We are able to live a comfortable life and actually save money. For a lot of us we are making much more than what we could be making in the US. When you consider the bonuses and housing in our yearly income we would have to make something like 60-80k a year in the US to live a similar lifestyle. |
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edwardcatflap
Joined: 22 Mar 2009
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| Posted: Tue Jun 19, 2012 8:00 am Post subject: |
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who cares what we make compared to Koreans. In the long run we cannot really make a career out of ESL. I'm sure some will argue you can and I'm not saying that you cant do ESL for a long time, what I'm saying is it is not a good career, meaning you cannot work your way up or gain many benifits much beyond what you start with your first year. |
Don't confuse 'making a career out of ESL' with making a career out of teaching English in a hagwan or public school in Korea. |
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alongway
Joined: 02 Jan 2012
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| Posted: Tue Jun 19, 2012 3:22 pm Post subject: |
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| ewlandon wrote: |
who cares what we make compared to Koreans. In the long run we cannot really make a career out of ESL. I'm sure some will argue you can and I'm not saying that you cant do ESL for a long time, what I'm saying is it is not a good career, meaning you cannot work your way up or gain many benifits much beyond what you start with your first year.
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Sure you can. You can get married or get a points visa and open a small study room, then a gyo-seup, then maybe a hagwon of your own. |
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v88
Joined: 28 Feb 2010
Location: here
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| Posted: Tue Jun 19, 2012 5:01 pm Post subject: |
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| motiontodismiss wrote: |
| v88 wrote: |
I go home, and I'll be working 40 hours a week minimum with 2 weeks vacation. I'll also have huge mortgage payments, 2 cars and more expensive maintenance and utility bills.
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Well you don't HAVE to buy a house...there's always renting. |
Technically it would cost more to rent than to buy in the long term...if I rent I'm paying someone else's mortgage and maintenance. S, a smart person would HAVE to buy a place to live in order to avoid investing in someone else's property. |
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Enrico Palazzo
Mod Team
Joined: 11 Mar 2008
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| Posted: Thu Jun 21, 2012 7:06 am Post subject: |
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| Adam Carolla wrote: |
| Seoulman69 wrote: |
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| that is my criteria of what is a well-paying job |
Exactly. It's YOUR criteria. It's very nice for you to be saving all that money but compared to the figures I gave in my previous posts hagwon teachers earn below the full time average wage in Korea. Until you post links proving the information I provided wrong your posts remain your opinion. I particularly enjoy the "i read somewhere that the average wage is 2.1" posts, yet a link is always absent. |
Look, I'm sorry to say it, but [Mod Edit]. ESL teachers in Korea can easily save $10,000/year. The fact that you seem to think this is some kind of unreal, unattainable figure speaks more about your financial skills than the industry as a whole. And as far as it being my opinion? ROFL, take a look at the last 15 years of posts stating that $10,000 year in savings is easily possible. And if you don't thin$10,000 in savings/year is doing pretty well, then you're obviously a 1%er with a spoon in his mouth and should probably just shut the hell up because you don't know how the real world works anyway. |
And you're intelligent enough to know how to follow the Terms of Service. Don't abuse other posters. It's not permissible. |
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