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Jongno2bucheon
Joined: 11 Mar 2014
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SeoulNate
Joined: 04 Jun 2010
Location: Hyehwa
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 Posted: Sun Apr 13, 2014 5:10 pm Post subject: |
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So, like 1 million out of 50 million are making 100k+?
That seems awfully low |
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Unposter
Joined: 04 Jun 2006
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| Posted: Sun Apr 13, 2014 6:48 pm Post subject: |
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For what it is worth, there aren't 50 million Koreans working; I mean most of them are children.
There is something like 10 million households in Korea, give or take some.
Korea also has one of the largest underground economies in the world so I would take all income related statistics with a grain of salt. |
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fustiancorduroy
Joined: 12 Jan 2007
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| Posted: Sun Apr 13, 2014 7:10 pm Post subject: |
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| 100 million a year is pretty good money (not great, just good), though I do wonder how many hours a week those workers at Samsung, SK, etc. have to put in to make that kind of money. Probably a lot more than 40 hours a week. |
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atwood
Joined: 26 Dec 2009
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| Posted: Sun Apr 13, 2014 7:14 pm Post subject: |
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| Approximately 100,000 applicants turned out at Samsung testing centers in SK and the U.S. There's mighty heavy competition for those 100K jobs. |
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IlIlNine
Joined: 15 Jun 2005
Location: Gunpo, Gyonggi, SoKo
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| Posted: Sun Apr 13, 2014 9:22 pm Post subject: |
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| Average is a bit skewed due to high executive salaries. But yes, starting salaries are now in the low 40,000US range. |
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Savant
Joined: 25 May 2007
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| Posted: Sun Apr 13, 2014 9:40 pm Post subject: |
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| fustiancorduroy wrote: |
| 100 million a year is pretty good money (not great, just good), though I do wonder how many hours a week those workers at Samsung, SK, etc. have to put in to make that kind of money. Probably a lot more than 40 hours a week. |
I highly doubt they "work" 40 hours a week but are required to be at the office for at least 50 hours if not more
Working for a smaller sized company means working very long hours for no more than 2.5 million a month. |
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wooden nickels
Joined: 23 May 2010
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| Posted: Sun Apr 13, 2014 10:59 pm Post subject: |
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| A lot of Koreans, and a few foreigners, are pulling in 4.5, 5.0, +6.0 mil per month. |
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cabeza
Joined: 29 Sep 2012
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Weigookin74
Joined: 26 Oct 2009
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| Posted: Mon Apr 14, 2014 10:20 pm Post subject: |
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So, if this is true, will our wages go up too? The recession froze them. But, I would think in the next couple of years, we'd start seeing a serious drop in living standards and it wouldn't be worth it otherwise. For now, the rising exchange rate takes some of the sting out. I kept going up before that because I stayed in the same province with the school system until I climbed to level 1+. So, I've seen a small raise every year until a year or two ago. The rising exchange gives me another raise of sorts. But, this will probably run out of steam for me soon. I don't see EPIK raising their pay for the levels any time soon unless they start becoming really desperate.
I do realize others have seen real pay drops as they either do a public school in Gyeong-gi that doesn't pay or get lowballed with 2.0 hakwon offers. Some wage offers seem on the increase, but not all and not as much as they should be. |
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World Traveler
Joined: 29 May 2009
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| Posted: Mon Apr 14, 2014 10:31 pm Post subject: |
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| Weigookin74 wrote: |
| I don't see EPIK raising their pay for the levels any time soon unless they start becoming really desperate. |
Why would they be desperate though? They are cutting native speakers. Korean teachers are taking over the classes once done by NETs. So no, I don't think they will ever become desperate ever again. |
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atwood
Joined: 26 Dec 2009
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| Posted: Tue Apr 15, 2014 12:40 am Post subject: |
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Think of the investment it takes to get one of those chaebol jobs. All the hours in hagwons, a semester or two overseas as an exchange student to learn English, maybe a year or two or even three after high school studying for the college entrance exam.
Then there's the Toeic or Toefl classes, plastic surgery and finally the interview and company test prep courses.
Those jobs had better pay well. |
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jazzmaster
Joined: 30 Sep 2013
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| Posted: Tue Apr 15, 2014 1:16 am Post subject: |
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| atwood wrote: |
Think of the investment it takes to get one of those chaebol jobs. All the hours in hagwons, a semester or two overseas as an exchange student to learn English, maybe a year or two or even three after high school studying for the college entrance exam.
Then there's the Toeic or Toefl classes, plastic surgery and finally the interview and company test prep courses.
Those jobs had better pay well. |
To get a uni job in Korea, nowadays, often takes a master's degree. And those jobs pay 3.5 million at the top of the scale. That's a starting salary for the chaebols.
We've got to face that it is getting tougher for English teachers in Korea. Our wages seem to be stagnating, their is a glass ceiling for many of us, and our job security is very low.
Some might argue that they are steadily increasing their wages every year, but there will come a point when they reach a point where the increases become smaller each year.
Korea isn't the great prospect it once was. And the future, for many of us longtermers, is looking more and more difficult. |
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atwood
Joined: 26 Dec 2009
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| Posted: Tue Apr 15, 2014 1:44 am Post subject: |
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| jazzmaster wrote: |
| atwood wrote: |
Think of the investment it takes to get one of those chaebol jobs. All the hours in hagwons, a semester or two overseas as an exchange student to learn English, maybe a year or two or even three after high school studying for the college entrance exam.
Then there's the Toeic or Toefl classes, plastic surgery and finally the interview and company test prep courses.
Those jobs had better pay well. |
To get a uni job in Korea, nowadays, often takes a master's degree. And those jobs pay 3.5 million at the top of the scale. That's a starting salary for the chaebols.
We've got to face that it is getting tougher for English teachers in Korea. Our wages seem to be stagnating, their is a glass ceiling for many of us, and our job security is very low.
Some might argue that they are steadily increasing their wages every year, but there will come a point when they reach a point where the increases become smaller each year.
Korea isn't the great prospect it once was. And the future, for many of us longtermers, is looking more and more difficult. |
I'm in total agreement. My salary has been frozen for the past five years and will be for the foreseeable future.
It's the long vacation and the side jobs that make it kind of worth it, but with each passing year it seems less and less worth it. |
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Jongno2bucheon
Joined: 11 Mar 2014
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| Posted: Tue Apr 15, 2014 2:53 am Post subject: |
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doods unionize
maybe some gyopo or long term f visa has to do it but I think it should be done
unionize and self certificate or something |
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