Korea

ELI Level Requirements

ELI Level 3

1.8 - 2.0 million won

Requirements:

Basic Requirements for the EPIK Program are:

  1. Be a citizen of one of the 6 designated English speaking countries: Australia, Canada, Ireland, New Zealand, the United Kingdom, or the United States of America
  2. Have lived in one of the 6 designated English speaking countries for at least 10 years
  3. Have studied in one of the six designated English speaking countries from the junior high school level (7th grade)
  4. Hold at least a Bachelor's degree
  5. Be mentally and physically healthy
  6. Possess a good command of the English language
  7. Have desire and ability to adapt to living in Korea

ELI Level 2

EPIK Salary and Benefits

EPIK Program salary and benefits consist of the following:

EPIK Housing

Housing is included in your EPIK contract but differs greatly depending on POE and location. It can range from a small studio apartment to a several room house. The contract also stipulates that those who are not given accommodations will receive a monthly housing allowance of 300,000 won. As of February, 2007 the housing allowance in Jeju was increased to 350,000 won.

Living in Korea

Korea can be a fun and exciting place. However, it is very different from living in Western countries and many foreigners have trouble adapting to the local culture.

Teaching English in Korea

The demand for English teachers in Korea greatly exceeds the supply, and just about anyone from an English-speaking country with a four-year university degree can find a job here. These TEFL jobs provide salary, airfare to and from Korea, housing, and severance pay.

English teaching jobs in Korea should also pay for half of the money put into the mandatory national pension fund, though at present only American and Canadian citizens are eligible for pension fund reimbursement. Most employers offer these benefits so if you don't see them in your contract, you should seriously consider looking for another job.

The high demand for native English teachers in Korea ensures competitive salaries and a lot of money can be made teaching English there. Subsequently, there are a fair number of Koreans in the English school business specifically for that reason, some of whom have little sympathy or care for people coming from other countries to work for them. There have been countless stories of Westerners coming to teach English in Korea under promises of large salaries, bountiful bonuses, and competitive benefits only to find that their work conditions were very different from those they were promised. Of course, if you have done any research online about teaching English in Korea then you already know this.

That being said, most people who come to Korea to teach English enjoy their experience and find the vast majority of Koreans to be kind and friendly people. English teaching salaries start at around 1.8-2.2 million won per month and go up as high as 3 million won or more, making them very competitive when compared with the relatively low cost of living in Korea.

Click on the currency converter for the most current exchange rates so you can make an informed decision as to whether or not teaching English in Korea is for you.

Be sure to check out our Korea TEFL Jobs

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Korea

Sending Money to a Friend In Korea

How to send money from a Korean account to another Korean account:

With Nonghyup bank there is a 2,000 won fee to tranfer money from one account to another account.

You will need:

  • Name of bank to send money to
  • The account number
  • Name of account bearer

Process:

Can't make purchases online with your Korean check card?

If you can't make a purchase online with your check card, you might have the same problem I did.

If your purchase requires your ARN, Alien Registration Number, your purchase might be denied if you did not use or have your own ARN at the time you opened your bank account.

Keep Track of Your Korean Purchases with Text Messaging

If you have a Check Card, which is similar to an ATM/debit card, there is a nifty service offered by some banks. Nonghyup bank is one that offers a text messaging service that confirms your purchases. It can be used as a safety precaution and it is really quick. You are usually informed within seconds of your purchase through a text message to your phone.

Korean ATM Fees

In Korea, the ATM fee's are a little different than back home.

In general, there are ATM fee's if you:

  • Use the ATM on a weekday *after* 5 or 6pm
  • Use the ATM on weekends or holidays usually after 2pm

And there is a fee for using other banks ATM's.