South Korea is near the top of the country list in terms of the number of foreign teachers that work within its schools each year. Thanks to some of the best salaries in the business and generous extra benefits, the country’s popularity is likely to continue for the foreseeable future. South Korea is also a highly developed country with low crime rates and a high-tech infrastructure, which all adds to its status as a major TEFL hotspot.
What can I expect to earn while teaching English in South Korea?
Salaries for teachers in South Korea largely depend on the location of the job and whether you have any previous teaching experience. The average monthly salaries for public schools are: First time teachers = 1.8 to 2.0 million KRW ($1,600 to $1,800). Experienced teachers = 2.0 to 2.7 million KRW ($1,800 to $2,400). The average monthly salaries for private schools are: First time teachers = 2.0 to 2.1 million KRW ($1,800 to $1,900). Experienced teachers = 2.1 to 3.0 million KRW ($1,900 to $2,700).
Will I receive any other benefits when teaching English in South Korea?
On top of the above average salaries, most teaching contracts in South Korea also include a number of additional benefits. In many cases, return airfares will be included, as will free accommodation in the form of a fully furnished apartment. Full healthcare coverage is almost always included in a contract and many teachers will be given a month's salary as a bonus for seeing out the agreed length of stay. Paid time off is another perk you can expect as there are up to 18 national holidays each year, as well as paid vacation time which is usually two to three weeks per year.
Will I be able to save money while teaching English in South Korea?
Despite having a very high level of development, the cost of living in South Korea is still significantly lower than many Western countries. Added to this, as most teachers will have free housing and a high salary, it is common to save a considerable sum every month. If you live to a relatively tight budget it is possible to save around 50% of your income, which could equate to something in the region of $800 to $1,200 per month. Even if you enjoy a healthy social life and do a bit of travelling in your spare time, it should still be possible to put aside a good chunk of cash over a one-year contract.