Notorious for the amount spent on higher education, Korea reaps the rewards ranking second out of 50 countries by Pearson Education on a new global education index called the Learning Curve.
Teachers should be aware that drugs laws in Korea are not the same as they are at home. If caught with marijuana you can face heavy fined and up to 5 years in prison.
When the long workday is over, Seoulites take to restaurants and bars, coffee shops
and karaoke rooms, screen-
The world's first theme park dedicated to the humble restroom opens about an hour outside of Seoul in the City of Suwon.
So, you’re thinking of picking up the language when you come to Korea? Easy, even an elephant can do it!
The South Korean pop video has the world by storm but why is it so funny? When you get to Korea be sure to check out the ritzy district of Seoul to see what all the fuss is about.
Korea’s paradise island boasts volcanoes, waterfalls, beaches, national parks, caves and forests. Make sure you take some time out of your year to visit the stunning tropical island which lies off the south coast.
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The official currency in Korea is the Korean Won (KRW). Notes come in denominations of 1,000, 5,000, 10,000 and 50,000. Coins come in denominations of 10, 50, 100 and 500 won.
Hopefully after a few months you’ll be thinking about sending some of your savings home. Ideally the government would like you to spend all of your earnings in Korea for obvious economic reasons so you may find that some banks put a restriction on the amount you can send home, usually around 60% of your salary. If this is the case they will this by put a stamp in your passport to record how much you send during each transaction. However, there are a lot of banks that don’t implement the policy and will let you send as much money home as you want.
The first time you send money home give yourself an hour or as the process of registering your home country bank can be quite lengthy. Once your bank is in the system it usually just takes 10 minutes to send money thereafter.
The exchange rate and fees are usually negotiable and being a foreigner, certainly in the medium sized and smaller cities, you can get the best rates by putting on the charm and dressing the part. You’ll find that if you frequent the bank often enough you’ll use the same clerk so build up a rapport with them. When I send money home the clerk sometimes advises me whether to wait a couple of days for the best exchange rate and even sends a text message when she feel is the best time to send money. Be careful as you may find that your bank in your home country will charge you to receive a foreign transfer so check before you come out to Korea.
Remember, check the exchange rate to make sure you are getting the best deal as rates fluctuates and you want to get the most out of your hard earned cash.
Cash machines are everywhere in Korea but be aware that the machines provided by
high street banks usually close at 11pm so make sure you take cash our before to
avoid paying extra charges at cash machines in convenience stores. Your bank will
allow you take out cash from a machine for free during banking hours 9-
Be aware that not all cash machines will accept foreign cards, especially in smaller cities so ask around to find out which will take your card. Also, inform your bank before you leave your home country that you will be using the card to avid them blocking any transactions
How much do I need to Bring?
Opening a Korean account
Sending money home
You will have to open a Korean bank account in order to receive your monthly salary
and transfer money back home. Before you can open an account you’ll need to have
your Alien Registration Card (ARC) which is issued from the immigration and takes
It is really easy to open an account and just involves filling out an application
form and showing your ARC and passport. The whole process can usually be completed
within 10 minutes. Banks in the large and medium size cities will no doubt have English
speaking clerks who’ll be able to open your account for you but if you are located
in a smaller city we suggest you ask a Korean co-
One of the most common questions we are asked is how much money you’ll need to bring out with you. We strongly recommend you have a minimum of 700,000 Korean won spending money. You can leave the money in your bank account and access it with an international cash card in Korea but make sure you bring at least 200,000 won in cash for the first few days until you find an ATM that accepts international cards. If you put money in an account, inform your bank before you leave that you’ll be using it to withdraw money in Korea so they don’t freeze your card after the first time you use it. We do not recommend bringing travellers' cheques as they can be difficult to exchange.
You will receive your flight money (around 800,000 won–1,000,000 won) once you have
opened a Korean bank account. To open an account in Korea you need to have an Alien
Registration Card which takes 2-
In some schools you receive your first month’s salary on completion of your first month’s work. So for example, if you start working on April 6th you will receive your pay on May 6th. In other schools all employees receive their salary on a set date, for example on the 15th of every month. In this case you will be paid for the days you have worked in that particular financial month. Details about your salary day will be included in your contract.
NOTE – If you are struggling for cash you may be able to get an advance on your first payment but that would be at the discretion of your employer.