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dbswjdgh27
Joined: 27 Aug 2012
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 Posted: Sun Apr 12, 2015 8:23 am Post subject: How to open or take over an academy? |
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Does anyone know what requirements u need to have to open up an academy or even purchase one and take over the business?
I've searches google and this site but i believe my searching skills arent good enough. |
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SeoulNate
Joined: 04 Jun 2010
Location: Hyehwa
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| Posted: Sun Apr 12, 2015 5:08 pm Post subject: Re: How to open or take over an academy? |
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| dbswjdgh27 wrote: |
Does anyone know what requirements to take over the business?
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I would imagine hostility to be the most important quality. |
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tob55
Joined: 29 Apr 2007
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| Posted: Sun Apr 12, 2015 7:08 pm Post subject: Re: How to open or take over an academy? |
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| dbswjdgh27 wrote: |
Does anyone know what requirements u need to have to open up an academy or even purchase one and take over the business?
I've searches google and this site but i believe my searching skills arent good enough. |
Picture yourself in the best and worst situation you could be and owning your own language business in Korea will be somewhere between the extremes. Plenty of business owners on the forum who might be willing to tell you their story, but nothing says success or failure like real life experience. I happen to own my own academy, and the getting started part is really negligible in terms of what it is like to own and operate your business. Want more information, then send me a PM with questions. Good luck if this is your dream of life in Korea.  |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Mon Apr 13, 2015 12:07 am Post subject: Re: How to open or take over an academy? |
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| dbswjdgh27 wrote: |
Does anyone know what requirements u need to have to open up an academy or even purchase one and take over the business?
I've searches google and this site but i believe my searching skills arent good enough. |
$100,000 investment for your visa (or a Korean wife).
It depends on your visa status in Korea.
IF you are F5 the process is the same as any other Korean starting one. Just jump through the hoops.
If you are E2 the chances of getting through the paperwork are slim to none.
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