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Average Annual Salaries; more info

 
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Real Reality



Joined: 10 Jan 2003
Location: Seoul

PostPosted: Thu Apr 28, 2005 1:57 am    Post subject: Average Annual Salaries; more info Reply with quote

Average Annual Salary
It was found out that the average annual salary of executive directors of the top 100 companies in Korea last year based on revenue was 441.4 million won, and that of salaried workers was 44.2 million won. It was Samsung Electronics that provided the highest annual salary per employee: 71.3 million won.
SK Gas (67 million won),
S-Oil (65.9 million won),
E1 (65.6 million won),
SK Corporation (64.2 million won),
Hanwha Chemical Corporation (61 million won), and
LG Petrochemical (58.9 million won).
by Sang-Soo Kim, Donga.com (April 27, 2005)
http://english.donga.com/srv/service.php3?biid=2005042855498
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Saxiif



Joined: 15 May 2003
Location: Seongnam

PostPosted: Thu Apr 28, 2005 3:56 am    Post subject: Reply with quote

Looks like a better ratio that back home.
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TECO



Joined: 20 Jan 2003

PostPosted: Thu Apr 28, 2005 5:11 am    Post subject: Reply with quote

WOW!

That's pretty good coin.

TEFL'ing is okay but doesn't even come close.

When I lived in Tokyo, I'd see foreigners near Hiroo and Rappongi driving Porches and Ferraris - that's because they were making Y2,000,000 a month.

I dated J-girls who had gone out with some of these MBA exec. types and they were living in houses that cost Y400,000 per month in rent - of course paid by the company.

I met a young Canadian Lawyer in Tokyo at the gym and he said he was starting out at Y700,000 per month with housing - I'm guessing his housing was also pretty nice.

These foreign dudes in Lotus Land are living Bling, Bling lifestyles - I'd read once in a while where these guys would O.D. on Coke or something.

Too much coin to know what to do with.
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Saxiif



Joined: 15 May 2003
Location: Seongnam

PostPosted: Thu Apr 28, 2005 7:32 am    Post subject: Reply with quote

Quote:
salaried workers was 44.2 million won

You can make more than that here teachin in you find the right job. And remember this is for the average salaried workers who're definately, on average older than us and work a hell of a lot more hours.

I'm damn happy with what I've got ATM.
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Ya-ta Boy



Joined: 16 Jan 2003
Location: Established in 1994

PostPosted: Fri Apr 29, 2005 5:36 am    Post subject: Reply with quote

Quote:
of the top 100 companies


What is the relavance of this information to an ESL job?
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mindmetoo



Joined: 02 Feb 2004

PostPosted: Fri Apr 29, 2005 4:37 pm    Post subject: Reply with quote

Ya-ta Boy wrote:
Quote:
of the top 100 companies


What is the relavance of this information to an ESL job?


It never is. "Look the average salary at these companies that hires a lot of engineers and MBAs is really high compared to what a 23-year-old foreigner with no experience can get at a hagwon!" Our job should be compared with what the Korean working next to us at a hagwon is getting. No Korean gets 2 million won a month for part time hours. End of story.

For all RR's biatching about how messed up Korea is, he never gets to the core: he works at a university as an English instructor. He has a good salary and status he'd never have back in his home town of Meat Cove, Nova Scotia. If Korea had its act together, I doubt RR would have his job.
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Joo Rip Gwa Rhhee



Joined: 25 May 2003

PostPosted: Fri Apr 29, 2005 8:54 pm    Post subject: Reply with quote

RR has a job because his university/hogwon makes good money off him, which is the case w/ just about every foreign instructor in Korea. He doesn't need to feel so indebted to Korea that he can't have a discussion about working conditions and Korean laws.

Are his posts one sided? Sure, But so is what most recruiters , hogwon directors and head teachers have to say.

Would salaries be higher if Korean employment laws were different is a valid question.
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weatherman



Joined: 14 Jan 2003
Location: Korea

PostPosted: Sat Apr 30, 2005 8:23 am    Post subject: Reply with quote

Laughing

Last edited by weatherman on Sat Apr 30, 2005 8:39 pm; edited 1 time in total
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weatherman



Joined: 14 Jan 2003
Location: Korea

PostPosted: Sat Apr 30, 2005 8:38 pm    Post subject: Reply with quote

Laughing
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