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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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Gunther

Joined: 01 Sep 2007 Location: opposingdigits.com
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Posted: Thu Oct 18, 2007 5:54 am Post subject: Class System in Korea!!! |
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The other day I walk into Kookmin Bank, been with them for more than 3 years. I do all my international transfers with them... so I thought since they know my financial history locally and internationally I'll enquire about getting a credit card... ok we go through all the details of Job, Salary etc... but when I show them my pay sheet, there's a weird look on their faces... "sorry sir, we thought you were a middle class citizen"... what do you mean middle class?... "you see, at our bank our lower class earns up to 4 million and under, middle class between 4 and 7 million, upper middle between 7 and 12 million etc etc..."
and here I was thinking Im making alot of cash... is this strictly because Im a foreigner, since I've had many Korean colleagues earning much less than what I do, but they have 3 sometimes 4 credit cards...
Any thoughts... |
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Harpeau
Joined: 01 Feb 2003 Location: Coquitlam, BC
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Posted: Thu Oct 18, 2007 6:19 am Post subject: |
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Did they take into consideration your housing situation? Might it be that your company is paying for housing? That would add a signifigant amount of money to what they see on paper. In other words, if this is true, you can say that you have a large amount of disposable income.
Best of luck to you. |
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ajgeddes

Joined: 28 Apr 2004 Location: Yongsan
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Posted: Thu Oct 18, 2007 6:24 am Post subject: |
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That's strange. There was an article in the Korea Times in the spring with a graph depicting the difference between: working class, middle class, and upper class. Judging by what they wrote, I was nearly upper class based upon my public school + OT salary + housing. |
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whatever

Joined: 11 Jun 2006 Location: Korea: More fun than jail.
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Posted: Thu Oct 18, 2007 6:38 am Post subject: |
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An article I read just minutes ago:
S. J. Chang
Professor of Finance
Illinois State University
Another harmful aspect of Korea's strong group-oriented mentality is the almost incurable favoritism that
has been so pervasive in Korea. Many Korean people would readily attest to the statement that in
Korea three connections of blood, hometown, and school directly translate into three keys to success.
For those who are on the receiving end of this favoritism, nothing is impossible. However, for those who
do not have any of these connections at the right place at the right time, nothing is possible.
One may find it very surprising that South Korea, a country even smaller than the size of the State of
Illinois, has so distinctively different regional dialects. More startling is that this small country known
by its racial and cultural homogeneity is plagued by persistent regional prejudices, stereotypes,
discrimination, nepotism, and favoritism. Korea's deep-rooted regionalism, particularly between
Cholla and Kyungsang provinces, has not only created the bitter and ugly political division by regions
but it has also prevented the balanced, integral development of the nation.
The sticky group mentality in Korea has mass-produced circles and clubs, parties and factions, and
groups and organizations, which all ardently pursue the interests of their members at the expense of
non-members. Koreans are probably the most active people in the world in terms of participating in
school alumni activities. Under the typical slogans of promoting fellowship and school supporting
activities, alumni associations in Korea actually serve as open exchanges for private favors and
expediencies among the members, which include all those complete strangers whom you have no
meaningful relationship with except that they attended the same school you did no matter how far
apart in time between you and them.
It is rather enlightening to realize that �Kwen-chan-ah,� the Korean phrase equivalent to �It�s okay�
or �It�s not a problem� actually means, �I have no relationship with it� or �I have nothing to do with
it.� This implies that in Korea your behaviorism concerning the people outside of your circles is
not a matter of serious concern. |
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ldh2222
Joined: 12 Oct 2007
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Posted: Thu Oct 18, 2007 6:49 am Post subject: |
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Maybe they really meant tier, just a language faux...? That's all I could get out of it. |
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Roch
Joined: 24 Apr 2003 Location: Seoul
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Posted: Thu Oct 18, 2007 7:44 am Post subject: |
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whatever wrote: |
An article I read just minutes ago:
S. J. Chang
Professor of Finance
Illinois State University
Another harmful aspect of Korea's strong group-oriented mentality is the almost incurable favoritism that
has been so pervasive in Korea. Many Korean people would readily attest to the statement that in
Korea three connections of blood, hometown, and school directly translate into three keys to success.
For those who are on the receiving end of this favoritism, nothing is impossible. However, for those who
do not have any of these connections at the right place at the right time, nothing is possible.
One may find it very surprising that South Korea, a country even smaller than the size of the State of
Illinois, has so distinctively different regional dialects. More startling is that this small country known
by its racial and cultural homogeneity is plagued by persistent regional prejudices, stereotypes,
discrimination, nepotism, and favoritism. Korea's deep-rooted regionalism, particularly between
Cholla and Kyungsang provinces, has not only created the bitter and ugly political division by regions
but it has also prevented the balanced, integral development of the nation.
The sticky group mentality in Korea has mass-produced circles and clubs, parties and factions, and
groups and organizations, which all ardently pursue the interests of their members at the expense of
non-members. Koreans are probably the most active people in the world in terms of participating in
school alumni activities. Under the typical slogans of promoting fellowship and school supporting
activities, alumni associations in Korea actually serve as open exchanges for private favors and
expediencies among the members, which include all those complete strangers whom you have no
meaningful relationship with except that they attended the same school you did no matter how far
apart in time between you and them.
It is rather enlightening to realize that �Kwen-chan-ah,� the Korean phrase equivalent to �It�s okay�
or �It�s not a problem� actually means, �I have no relationship with it� or �I have nothing to do with
it.� This implies that in Korea your behaviorism concerning the people outside of your circles is
not a matter of serious concern. |
Thanks for the interesting post!
R |
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Hyeon Een

Joined: 24 Jun 2005
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Posted: Thu Oct 18, 2007 8:02 am Post subject: |
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whatever wrote: |
One may find it very surprising that South Korea, a country even smaller than the size of the State of
Illinois, has so distinctively different regional dialects. |
Yeah well Illinois got a homogenous "American" population about 20 minutes ago, whereas Korea has had inside bickering for 55,000 and ten glorious years. I find it as surprising as the fact that the average person doesn't like a bucket of AIDS thrown in their face.
Countries like Korea, or the UK, or Spain or.. any other nation which doesn't have a history of colonization in the last couple of hundred years is bound to have diversity in its native makeup, and hence dialects.
That writer was a retard. He was comparing the price of bananas amongst chimps in the Congo in 5000 BC to the price of a cute country Estate in England in 2007.
Apart from that, his talk about 'groups' in S.Korea were pretty spot on. They are often stupid. Especially ones involving regions rather than schools (the 'school thing' happens all over the west) |
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GoldMember
Joined: 24 Oct 2006
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Posted: Thu Oct 18, 2007 4:00 pm Post subject: |
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What you need to do is go back to he bank, and make sure the bank staff see you getting out of a big black car. The bigger and blacker the better.
Status is all about the biggness, and blackness of your car. |
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Billy Pilgrim

Joined: 08 Sep 2004
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Posted: Thu Oct 18, 2007 5:46 pm Post subject: |
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[quote="Hyeon Een"]
whatever wrote: |
Apart from that, his talk about 'groups' in S.Korea were pretty spot on. They are often stupid. Especially ones involving regions rather than schools (the 'school thing' happens all over the west) |
The "group is king" thing is hardly a Korean phenomenon, but they sure do take it to extremes here. And seeing as we are the most obviously distinguishable group here, it comes as no surprise that the expat community experiences the sharp end of this. |
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SPINOZA
Joined: 10 Jun 2005 Location: $eoul
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Posted: Thu Oct 18, 2007 6:21 pm Post subject: Re: Class System in Korea!!! |
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Gunther wrote: |
The other day I walk into Kookmin Bank, been with them for more than 3 years. I do all my international transfers with them... so I thought since they know my financial history locally and internationally I'll enquire about getting a credit card... ok we go through all the details of Job, Salary etc... but when I show them my pay sheet, there's a weird look on their faces... "sorry sir, we thought you were a middle class citizen"... what do you mean middle class?... "you see, at our bank our lower class earns up to 4 million and under, middle class between 4 and 7 million, upper middle between 7 and 12 million etc etc..."
and here I was thinking Im making alot of cash... is this strictly because Im a foreigner, since I've had many Korean colleagues earning much less than what I do, but they have 3 sometimes 4 credit cards...
Any thoughts... |
Perhaps you live in a rich area. Those earnings the teller mentioned are Gangnam earnings but would be rather out of place in ordinary parts of Seoul.
Seoul families of 3.13 people earn 3.4 million Won per month, which is an exceptionally low per person average for a first-world capital. Also, per capita GDP in Korea is $18,392, lower than in Slovenia and Cyprus.
The teller is talking out of his or her arse and it's common in Korea for one KB to tell you something completely different from another KB half a mile away.
Mind you, I find credit cards unnecessary given how much disposable capital you should have as someone who's been here 3 years or more. Credit cards are for people who can't afford stuff and seek therefore to pay for stuff in smaller installments and don't mind paying interest for this service. Yes, wealthy people have credit cards too, but God knows why. I have a VISA debit card (from a UK bank, I must say) that works all over the world with no bills and no interest. |
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ajgeddes

Joined: 28 Apr 2004 Location: Yongsan
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Posted: Thu Oct 18, 2007 7:10 pm Post subject: Re: Class System in Korea!!! |
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SPINOZA wrote: |
Mind you, I find credit cards unnecessary given how much disposable capital you should have as someone who's been here 3 years or more. Credit cards are for people who can't afford stuff and seek therefore to pay for stuff in smaller installments and don't mind paying interest for this service. Yes, wealthy people have credit cards too, but God knows why. I have a VISA debit card (from a UK bank, I must say) that works all over the world with no bills and no interest. |
Or for people who want to reserve things, or who want to buy things online. |
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SPINOZA
Joined: 10 Jun 2005 Location: $eoul
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Posted: Thu Oct 18, 2007 7:13 pm Post subject: Re: Class System in Korea!!! |
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ajgeddes wrote: |
SPINOZA wrote: |
Mind you, I find credit cards unnecessary given how much disposable capital you should have as someone who's been here 3 years or more. Credit cards are for people who can't afford stuff and seek therefore to pay for stuff in smaller installments and don't mind paying interest for this service. Yes, wealthy people have credit cards too, but God knows why. I have a VISA debit card (from a UK bank, I must say) that works all over the world with no bills and no interest. |
Or for people who want to reserve things, or who want to buy things online. |
I can do all that and more with my Barclays VISA debit card!  |
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BRawk

Joined: 14 Oct 2007
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Posted: Thu Oct 18, 2007 7:15 pm Post subject: Re: Class System in Korea!!! |
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SPINOZA wrote: |
[
Mind you, I find credit cards unnecessary given how much disposable capital you should have as someone who's been here 3 years or more. Credit cards are for people who can't afford stuff and seek therefore to pay for stuff in smaller installments and don't mind paying interest for this service. . |
I agree that teachers have some disposable income (let's be honest, we do OK but I know factory workers in Canada who make a hell of a lot more than I ever would here), but I diagree that credit cards aren't useful.
I have a Korean credit card. Many banks have no problem giving foreigners a credit card if you work for a Korean University. I use it all the time. If I haven't made a trip to the ATM I'll use it. As long as they can withdraw the cash from my account at the end of the month, I pay no interest. Buy more importantly I use it for shopping on Korean internet sites, ordering things over the phone and making reservations. I think it is worth the effort to get one in Korea as it makes doing many things a lot easier.[/b] |
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ajgeddes

Joined: 28 Apr 2004 Location: Yongsan
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Posted: Thu Oct 18, 2007 7:18 pm Post subject: Re: Class System in Korea!!! |
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SPINOZA wrote: |
ajgeddes wrote: |
SPINOZA wrote: |
Mind you, I find credit cards unnecessary given how much disposable capital you should have as someone who's been here 3 years or more. Credit cards are for people who can't afford stuff and seek therefore to pay for stuff in smaller installments and don't mind paying interest for this service. Yes, wealthy people have credit cards too, but God knows why. I have a VISA debit card (from a UK bank, I must say) that works all over the world with no bills and no interest. |
Or for people who want to reserve things, or who want to buy things online. |
I can do all that and more with my Barclays VISA debit card!  |
Really? Can you reserve a hotel in Japan with it? |
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SPINOZA
Joined: 10 Jun 2005 Location: $eoul
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Posted: Thu Oct 18, 2007 7:24 pm Post subject: Re: Class System in Korea!!! |
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ajgeddes wrote: |
SPINOZA wrote: |
ajgeddes wrote: |
SPINOZA wrote: |
Mind you, I find credit cards unnecessary given how much disposable capital you should have as someone who's been here 3 years or more. Credit cards are for people who can't afford stuff and seek therefore to pay for stuff in smaller installments and don't mind paying interest for this service. Yes, wealthy people have credit cards too, but God knows why. I have a VISA debit card (from a UK bank, I must say) that works all over the world with no bills and no interest. |
Or for people who want to reserve things, or who want to buy things online. |
I can do all that and more with my Barclays VISA debit card!  |
Really? Can you reserve a hotel in Japan with it? |
I can't even understand why you're even asking. Honestly, when it comes to products and services, sometimes it seems non-Brits are absolute savages!
It is a VISA debit card. There is a slight drawback which I haven't mentioned in that I am charged for use abroad, but it's not credit rates.
For me, there is no reason, no incentive, to own a credit card. My debit card does everything a credit card does except send me bills with God-knows-what-% interest. |
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