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| Salary and Benefits |
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Tell me more about the ESL Teacher’s salary and benefitss?
An average English teacher’s who is teaching in Korea earns approximately salary ranges from 1.8 million to 2.4 million won per month. We sometimes have teaching jobs in a higher salary range; however, those positions are usually for teachers with an educational background and experience. Should you want to teach in Korea, you can uses this conversion chart to see how much each job pays.
To see what this works out to be go to: http://www.xe.com/ucc/full.html
Your apartment is included so you should factor that in. Depending on where you live in Korea that could save you about $500-$1000 a month. This is a great perk for teachers who are looking to save some money.The average teacher working in Korea can save between $5,000 - $10,000 per year.
At the end of the one year contract, you receive a bonus of another month’s pay; this is called SEVERANCE PAY which means another $2000-$2400.
Another reason teachers save a lot of money with ESL teaching overseas is because of the low taxes in Korea. The average teacher pays 5% in taxes, so you can save what you earn. Most teachers find it quite easy to save over $1000 every month, while still leading an enjoyable lifestyle.
In addition to your salary benefits include:
- FREE - Furnished studio apartment provided walking distance from the school.
- FREE - Round trip Airfare
- BONUS – Additional 2.0 Million won paid upon completion of contract.
- Paid Vacation days-usually one week in summer and winter for private schools and 3-4 weeks for public school positions. On top of that you will get all public holidays off.
- 50% of Medical coverage deducted from your pay. Usually no more than $20 a month.
- Access to all teaching materials and resources
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