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Cost of Living in Korea - Info: Teach ESL in Korea |
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Typical Salary & Other Benefits Typical ESL/EFL Teacher's salary is between 1,900,000 won to 2,200,000 won. The tax rate is between 5% and 10% (some universities are tax exempt). Teachers receive subsidized housing and severance pay equal to one month's pay at the completion of the contract. Tipping Tipping is not a custom in Korea. Some restaurants in Korea charge a 10% service charge on top of the bill. Conclusion: Typical Cost of Living & Savings Potential Although the salary seems low by Western standards, Korea offers a lot of savings potential because of the sponsored housing and low tax rate. Once can live comfortably on 10,000 won per day, spend 100,000 each week on entertainment and other expenses, and still manage to put away at least 1,000,000 won into the bank. (If you are a die-hard saver, you could curb the entertainment expenses and save much more!) Price List (2004) Supermarket Essentials Bread (toast 1 loaf) 1500 Oranges (6 pack) 2,500 Ham (processed) 2200 Cheese (processed) 2500 Eggs (dozen) 2,000 Butter 2700 Jam (340g) 2500 Spam 4000 Tuna (165g can) 1400 Milk (1 litre) 1400 Fast Food Zinger Burger (KFC) 2,800 Pizza Hut / Dominos (large) 25,000 Burger King (Reg. whopper meal) 4,900 Western Food Restaurants Bennigan's (Steak, 250g) 28,300 31,500 (set) Bennigan's (Ribs) 28,200 31,900 (set) TGI Friday's (lunch set) 17,500 TGI Fridays steak (new York) 27,200 Drink Starbucks Coffee (short cappuccino) 3,000 Dunkin Doughnuts Coffee (regular) 1,900 Milk (1 liter) 1,400 Beer (can 270ml) 1,500 Beer (bottle 270) 3,000+ (restaurant / bar) Imported bear 2800 (shop) 5,000+ (bar) Transport - (Adult Fares only) Seoul Subway 700+ Seoul Bus - City 700+ Seoul Bus - Local 400 Train - Seoul to Busan (Express) 33,100 (seating) Train - Seoul to Busan (KTX express) 45,000 (seating) Train - Seoul to Busan (non-express) 22,300 (seating) Taxi - Genral 1600 basic fee for 2 km, then 100 won / 168 meters. If taxi is going less than 15km/h, 100 won / 45 seconds is added. Taxi - Deluxe 4000 basic fee for 3 km, then 200 won / 205 meters. If taxi is going less than 15km/h, 200 won / 50 seconds is added. ---------------------------------------------------------- By HiTeacher.com - http://hiteacher.com/ You are weclome to copy and use this entire article for your own website, however we require that you credit HiTeacher.com as the source, and include a link to our website below the article....
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