Korea ESL Jobs

Everything you need to know
about Teaching English in Korea

How Much Money Can I Save in Korea?

Is the money angle all hype?

Will I be able to pay off student loans?

The ability to save money and pay off debts is one of the reasons that Korea is the most popular destination for newbie English teachers.  You will meet lots of just-out-of-university English teachers hoping to travel the world a bit - all while quickly paying down their student loans.

Most people can easily save about US$1000 per month without pinching their pennies.  And the lifestyle afforded by working in Korea is generally comparable to that in most developed countries. 

Your lifestyle, of course, will affect your personal bottom line.  If the local bartender knows you by name and you have a frequent visitor pass at the best nightclubs . . . well, you may not save much. 

If you have student loans or other debts, Korea is probably one of your best options due to its low set-up costs and being able to save money from almost the first month.  That's primarily due to free housing, very low taxes, paid airfare and the generally low cost of living.

Overall, an excellent lifestyle combined with an ability to save is available to you.

As this is being written the Korean won is fluctuating against world currency markets and this does happen from time to time with good and bad results.  But  probably even in bad times you find you can still save US$500-800 per month.  When the currency is strong you'll start heading towards $1200 or more.

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