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How much do my Korean co-workers earn?

 
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michaelambling



Joined: 31 Dec 2008
Location: Paradise

PostPosted: Fri Feb 13, 2009 2:25 am    Post subject: How much do my Korean co-workers earn? Reply with quote

I doubt I could ask them this, and I doubt they'd tell me the truth anyway, but I'm curious what Korean professors at my university make. What's the going rate for Korean professors of English in a Korean university?
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xCustomx



Joined: 06 Jan 2006

PostPosted: Fri Feb 13, 2009 3:41 am    Post subject: Reply with quote

Not sure about English, but one of my students' mom is an accounting professor at Hongik University and she lives in a $1.5 million apartment in Bundang and drives a new Benz. I'd say she's doing fairly well
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SOOHWA101



Joined: 04 Mar 2006
Location: Makin moves...trying to find 24pyung

PostPosted: Fri Feb 13, 2009 3:45 am    Post subject: Reply with quote

I wonder what the husband does.
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Real Reality



Joined: 10 Jan 2003
Location: Seoul

PostPosted: Fri Feb 13, 2009 9:23 am    Post subject: Reply with quote

michaelambling wrote:
I doubt I could ask them this, and I doubt they'd tell me the truth anyway, but I'm curious what Korean professors at my university make. What's the going rate for Korean professors of English in a Korean university?

-- Korean Professor (Humanities) --

Average Salary: 64,770,000 won (in Korean: 평균임금: 6477만원)
http://know.work.go.kr/career_info_result.asp?search_code=04111&search_name=인문계열교수

Two Thousand Two Hundred Sixty-eight Non-tenure Track Professors on the Edge
Donga.com (October 18, 2006)
http://english.donga.com/srv/service.php3?biid=2006101884668
Quote:
Regular professors work about 6 - 9 hours a week,...

There are 2,268 non-tenure track professors working in 104 universities, including the ones appointed in 2003. The average teaching time is 10.9 hours a week, which is relatively more than regular professors, but they are paid only 79.3 percent on average compared to regular professors. However, this result is calculated based on basic pay, and it is known to be only half if considering an actual pay including allowances....

Foreign Tenure Professor Quits SNU Without Notice
By Kang Shin-who, Korea Times (October 13, 2008)
http://www.koreatimes.co.kr/www/news/nation/2008/10/117_32610.html

Only 22 foreign professors at 23 public universities
By Cho Ji-hyun, The Korea Herald (October 15, 2007)
http://www.koreaherald.co.kr/NEWKHSITE/data/html_dir/2007/10/15/200710150006.asp

Professors 'Routinely Pass Substandard Work'
Chosun Ilbo (August 14, 2007)
http://english.chosun.com/w21data/html/news/200708/200708140015.html

Professors Cheat to Maintain SCI Scores
http://www.chosun.com/w21data/html/news/200204/200204251020.html

'Guest authors' bulk up academic paper trail
by Chun In-seong and Park Su-ryon, JoongAng Daily (March 14, 2006)
http://joongangdaily.joins.com/200603/13/200603132146592209900090409041.html
Quote:
College professors have been enjoying a free ride by having their names included as co-authors on other people�s papers, seemingly a common custom in Korean academic circles....

One research center director who produced at least 50 papers each year for the past few years admitted that most of the papers were written by junior researchers or junior professors. "Sometimes I didn't even see the paper because I was busy, but as I created the circumstances to enable research, I think I qualify as one of the authors," he said....

Kim Ok-joo, a professor at Seoul National University, pointed out that junior professors or lab students inevitably put in the names of their seniors for political purposes. Still others pointed out that the name of a famous professor helps in attracting funding. "Research grants are many times decided through contacts rather than the research itself," said Cho Seung-yull, a professor at Sungkyunkwan University.

Most Academic Fakes Still in the Same Job
By Kim Soe-jung, JoongAng Daily (November 12, 2007)
http://joongangdaily.joins.com/article/view.asp?aid=2882622

Corrupt professors common, students say
by Baek Il-hyun and Kim Ho-jeong, JoongAng Daily (April 28, 2005)
http://joongangdaily.joins.com/200504/27/200504272214239309900090409041.html

-- Korean Teacher --

Korea: Education at a Glance 2008: OECD Indicators--Indicator D3: How much are teachers paid?
(Note: in equivalent USD converted using PPPs)
--Primary education--
Starting Salary: 30,528
Salary after 15 years experience: 52,666
Salary at the top of the scale: 84,262
Ratio of salary after 15 years of experience to GDP per capita: 2.29
--Secodary education--
Starting Salary: 30,405
Salary after 15 years experience: 52,543
Salary at the top of the scale: 84,139
Ratio of salary after 15 years of experience to GDP per capita: 2.28
Table D3.1. Teachers' salaries (2006)--Annual statutory teachers' salaries in public institutions at starting salary, after 15 years of experience and at the top of the scale by level of education, in equivalent USD converted using PPPs
Last updated: 04-Sep-2008
Excel File for download: http://ocde.p4.siteinternet.com/publications/doifiles/962008041P1G025.xls
Main Website address: http://www.oecd.org/document/9/0,3343,en_2649_39263238_41266761_1_1_1_1,00.html

Teachers' salaries -- From The Economist (Sep 27th 2007)
http://www.economist.com/markets/indicators/displaystory.cfm?story_id=9867632
Quote:
Teaching in Turkey and South Korea has a very high status, with earnings more than double the average income per head....

Teacher Labor Markets in Developed Countries: The Future of Children
http://www.futureofchildren.org/information2850/information_show.htm?doc_id=470797
image link: http://www.futureofchildren.org/doc_img/470797.gif

Teachers in Korea have guaranteed tenure until they reach the mandatory retirement age.
Attracting, Developing and Retaining Effective Teachers
Country Note: Korea
John Coolahan, Paulo Santiago, Rowena Phair and Akira Ninomiya
Organisation for Economic Co-operation and Development, Directorate for Education, Education and Training Policy Division
http://www.oecd.org/dataoecd/26/49/31690991.pdf
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D.D.



Joined: 29 May 2008

PostPosted: Fri Feb 13, 2009 12:00 pm    Post subject: Reply with quote

They are all millionaires- friggin slumdog millionaires and if they spend that they next month they get millions again.
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Unposter



Joined: 04 Jun 2006

PostPosted: Fri Feb 13, 2009 3:15 pm    Post subject: Reply with quote

My understanding, and you can take that for whatever it is worth, tenured Professors, especially those with Ph.Ds from the U.S. working in Seoul make as much as their counterpart in the U.S. You can add to that any number of other perks such as administrative pay, selling books and consulting work.

And, yes, for whatever reason, there are a number of million dollar apartments in Seoul and if one of your co-workers owns one, he or she is a millionaire (in land value at least).
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sojusucks



Joined: 31 May 2008

PostPosted: Sun Feb 15, 2009 3:43 am    Post subject: Reply with quote

No one has yet mentioned that women are often paid significantly less than men in Korea.
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