Teaching in Korea: How Much Money You Actually Make. Can you REALLY get free rent?

So you want to teach English in Korea? In this video I discuss salary, cost of living and more. Keep on watching to find out how much money you can actually make teaching English in South Korea. Is teaching in a South Korea university the ultimate ESL teaching job in the world? Find out the real deal here! ------------------- • Day in the life teaching in a South Korean University: https://youtu.be/GEXwml1bkNE • A DAY IN THE LIFE // English teacher in South Korea by: @taylerwithane https://youtu.be/bBiTR_enpwY ------------------- Full blog post: https://teachinginkoreanuniversity.com/teaching-english-in-south-korea/ Want an in depth guide on how to land that Korean teaching job? Then check out: https://amzn.to/36hSQ67 -------------------- https://www.facebook.com/eslspeaking https://www.pinterest.ca/eslspeaking/ https://www.instagram.com/jackie.bolen/ https://www.tiktok.com/@englishwithjackie?lang=en #teachingenglishwithjackie #southkorea Transcript: Hey everybody, this is Jackie from esleaking.org. So today I'm going to talk about how much money you can actually make teaching English in Korea. It's kind of a tricky issue because salaries have not really increased say for the past 20 years. 20 years ago, the salaries were kind of 1.8 to like around 2.5 million and today the salaries are much the same. They kind of start around 2 million Korean Won and then go up to say like 3 million won at universities. However, you do get free rent which isn't bad. If you're a pretty frugal person your apartment gets paid for, which you potentially can save a good bit of money plus health care is really cheap as well. However, the cost of living is certainly not cheap as it once was I first came to Korea in 2003 I think it was. I remember in 2002 and I remember a roll of Korean sushi called gimbap was a thousand won. By the time I left, which was about 2018 a roll of gimbap was 3000 won. Same with taxis, haircuts, eating out at restaurants, all that kind of stuff. Prices had almost doubled or tripled from when I first came to Korea until when I left. However, the salary stayed the same. The good news is that you can do private teaching if you're really serious about making some money. Koreans are willing to pay 30 or 40 or 50 000 Korean Won which is roughly like roughly equivalent to maybe 40 USD per hour. So if you get some private teaching going on, you can really increase your salary quite a bit. The other option is to work at a university and there'll be plenty of overtime opportunities available so you can turn your three million won per month salary into six million or seven million or eight million, especially during the vacations if you do something like summer or winter camps. So let's talk about savings. I'm sure what you really want to know. Basically, any English teacher without a ton of effort can probably save 500 USD per month. It's relatively easy enough. You can cook at home, you get your free apartment, healthcare is really cheap, transportation is probably cheaper than say compared to like Canada or the USA when it comes to public transport. Lots of people walk everywhere, you can have some like cheap fun, you can drink beers at the 7-eleven with your friends, go to the karaoke room, go out for some barbecue. It's not too expensive when compared to eating out in Canada or the US. So 500 a month would be the minimum if you're pretty frugal and work at a hogwan or public school you could save up to a thousand USD per month but that's like watching your pennies pretty carefully and not going out too much. However, if you're serious about the cash, definitely get a university job and then work some overtime and if that's the case you could get up to saving like three or four, 5000 usd per month which is quite lucrative so university jobs are kind of the gold standard when it comes to making good money in South Korea. However, they're not that easy to find you need to have a master's and also some serious experience and then other qualifications to go along with that. So if you want some tips and tricks on how to get a university job in south korea, check out my book on Amazon: How to Get a University Job in South Korea by Jackie Bolen. Alright, I hope you enjoyed this video. If you have any questions or comments, please just drop a line below and please hit subscribe if you like this video. Tags: Teaching in Korea, teaching english to korean speakers, teach english korea, teaching esl in south korea, South Korea, Teaching English in Korea, Life in Korea, hagwon, rok, teaching esl korea, esl south Korea, tefl korea, tefl in Korea, teach esl korea, Korean University Jobs, How to work in South Korea, ESL teaching jobs, TEFL teaching jobs, Korean University jobs, South Korean Jobs, Working in Korea, Teacher, How much do ESL teachers make,