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2 million won

 
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Oliver



Joined: 19 Apr 2008
Location: Seoul, Korea
PostPosted: Thu Aug 07, 2008 12:39 pm    Post subject: 2 million won Reply with quote
Hi,

I am due to start working for a public school in Incheon as of October.

I was wondering, is 2 million won a month enough to live and save from?

Thanks,

Oliver
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CPT



Joined: 25 Mar 2007
PostPosted: Thu Aug 07, 2008 1:21 pm    Post subject: Reply with quote
You should be able to save about half that, give or take a few hundred depending on your lifestyle, spending habits, etc.
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Tobias



Joined: 02 Jun 2008
PostPosted: Thu Aug 07, 2008 4:16 pm    Post subject: Tell us more? Reply with quote
Details? Tell us more about this job. You want to make sure you're not settling for second best. Two million sounds low for Incheon. The market is in your favor right now. Second best is for schmucks.
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nomad-ish



Joined: 08 Oct 2007
Location: On the bottom of the food chain
PostPosted: Thu Aug 07, 2008 4:43 pm    Post subject: Re: Tell us more? Reply with quote
Tobias wrote:
Details? Tell us more about this job. You want to make sure you're not settling for second best. Two million sounds low for Incheon. The market is in your favor right now. Second best is for schmucks.


2.0 sounds alright if you're in a public school in metropolitan incheon... they start off at 1.8 for teachers with just bachelor degrees, like SMOE i believe

OP, make sure you are in fact in incheon city, not in the outskirt regions (i knew a couple of guys last year that got stuck on an island, of course they got extra money for isolation, but i doubt it was worth it in the end)
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expat2001



Joined: 28 Jan 2006
PostPosted: Thu Aug 07, 2008 11:04 pm    Post subject: Re: 2 million won Reply with quote
Oliver wrote:
Hi,

I am due to start working for a public school in Incheon as of October.

I was wondering, is 2 million won a month enough to live and save from?

Thanks,

Oliver


If your making 2 mil. You should be taking home about , a little over 1.8 mil.
Then you have other costs like internet and TV- about 40 000 won
If you live in an office tel , the resident fees will be about 70 000 -100 000 won.

To be honest , with the rising inflation and the weak won , 2 mil is a little low.
There are some hogwons that are paying more then 2 mil. I d look into those
My first year was 2001 and I was making 1.9 mil for 100 classes per month.
Korea was much cheaper in those days.
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Whirlwind



Joined: 03 Jun 2005
PostPosted: Fri Aug 08, 2008 7:36 am    Post subject: Reply with quote
In this day and age in Korea, 2 million won/month is garbage. I know of newbies that get at least 2.2 minimum and several that are getting 2.5. The new regulations have put a bit of a stranglehold on the market, so you should be able to get much more than 2 million. Don't accept anything less than 2.2.
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heyrube



Joined: 30 May 2008
PostPosted: Fri Aug 08, 2008 7:56 am    Post subject: Reply with quote
2 mill is enough to live on, but you should be able to find a public job that pays overtime and make about 2.6.


Public school is a better experience than hagwons that'll pay about 2.5.
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nomad-ish



Joined: 08 Oct 2007
Location: On the bottom of the food chain
PostPosted: Fri Aug 08, 2008 9:15 am    Post subject: Reply with quote
heyrube wrote:
2 mill is enough to live on, but you should be able to find a public job that pays overtime and make about 2.6.


2.0 is enough to live on and save (although how much you save will depend on lifestyle factors: how often you go out drinking or for dinner, whether you're buying lots of foreign foods at the market, etc.)

OP, you can do extra classes if you like (if your school doesn't offer, approach them and ask, maybe there's another school within the board that needs an afterschool program). with extra classes you could pull down about 2.3 - 2.4 a month (and still only be teaching 25-26 classes a week vs 30 at a hagwon)

heyrube wrote:

Public school is a better experience than hagwons that'll pay about 2.5.


generally speaking, public schools really are a better experience. you'll always run into horror stories here and there, but there are far fewer PS horror stories than hagwon ones.
even if the hagwon seems decent, all you have to do is ask a few specific questions to employees and often you'll find that there's something dodgy happening: no medical being paid, taxes are too high, no pension payments, etc.
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Oliver



Joined: 19 Apr 2008
Location: Seoul, Korea
PostPosted: Fri Aug 08, 2008 1:21 pm    Post subject: Reply with quote
cheers guys.
I have actually decided to explore a few other options for more money elsewhere.

Best,

Oliver
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Tobias



Joined: 02 Jun 2008
PostPosted: Sat Aug 09, 2008 2:53 am    Post subject: You should avoid those Reply with quote
Good move. You should try to avoid the HogPiles anyway. Take one look on this site's help-wanted page and you'll agree that the jobs of last resort are those at the HogWarts. Just how many of those ARE in Korea, anyway? And none seem to be able to keep their help around for very long. I say 'no thanks' to such employers.

Replace a quitter today, BE a quitter tomorrow. That's my take on the HogPiles.
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nautilus



Joined: 26 Nov 2005
Location: Je jump, Tu jump, oui jump!
PostPosted: Sat Aug 09, 2008 5:43 am    Post subject: Re: 2 million won Reply with quote
Oliver wrote:
Hi,

I am due to start working for a public school in Incheon as of October.

I was wondering, is 2 million won a month enough to live and save from?

Thanks,

Oliver


Good enough to begin with.
If you have a TEFL cert, you will get more. But not much.

In fact if you have a qualification and 20 years experience, speak Korean fluently, and have never taken a sick day in your life...-you'll still get paid roughly the same. Rolling Eyes
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sojusucks



Joined: 31 May 2008
PostPosted: Mon Aug 11, 2008 12:22 am    Post subject: Reply with quote
2 million is about average in these parts (some places pay 1.8 million such as EPIG, while others might 2.5 million, such as some hogwans in Seoul).

Yeah, you can save about half if you don't buy large quantities of foreign booze and don't want to eat out all the time.
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