You can expect to receive a free flight to South Korea from your nearest international airport. Your flight will be pre-paid or fully reimbursed shortly after you arrive, depending on the school or program. Most schools also provide a free flight home which you’ll receive at the end of your contracted term.
You can expect to have a furnished apartment waiting for you when you arrive. The apartment will be offered to you rent free for the entire duration of your contracted term. You’ll be required to cover your monthly utilities fees (heat, hydro, internet) but these are quite cheap.
South Korea offers some of the highest English teacher salaries in the world. First-time teachers with no experience can expect to make 2.0 – 2.3 million Won per month which is pretty good when the rent free housing is taken into account. Experienced teachers with credentials can expect to earn a little more, somewhere in the 2.3 – 2.6 million Won per month range.
Teachers who complete their contracted term will receive a lump sum bonus, or severance pay, from their employer. Most bonus’ are equal to 1 months salary or 2,000,000 KRW. Most westerners use their bonus to do some traveling in other parts of Asia.
Medical Insurance (50/50)
Korean schools are required to cover 50% of the mandatory medical plan. The remaining 50% of the coverage fee will be deducted from your monthly salary. Don’t worry, the fee is quite small, roughly 1.5% – 2.5% of your salary.
Pension Plan (50/50)
Foreign teachers are technically required to contribute 4.5% of their monthly salary into the Korean national pension scheme. The school matches this contribution (9% total) is typically deducted from your monthly salary then matched by your employer with an equal contribution. You can claim all of the money, your contributions plus the contributions made by your employer, at the end of your contract period. Note: Only Canadian and American teachers are eligible for the pension refund.
You can expect a minimum of 2 weeks paid holidays during the course of your 12 month contract. Your vacation dates will be determined by the school you work at; you’ll essentially need to take your holidays when the schools close during the summer and winter breaks.
You get to enjoy all national holidays! National Holidays in Korea can account for an additional 10 to 14 days of vacation time, depending on the year. Some years have more holidays that land on weekends than others.
Schools typically offer overtime pay when teachers are asked work more than 120 teaching hours per month – this is the industry standard. Overtime rates will vary depending on the length of the class (classes range from 40 – 80 minutes). Typical overtime rates are in the 15,000 KRW to 25,000 KRW range.
You’ll receive a 12-month work visa with an option to renew the visa at the end of your contracted term, in case you decide to stay for another year!