How much money you need to take with you depends on the date you arrive and the date you get paid. Assuming that you have a full month in Korea before pay day, £500 is ideal but you can live on less than that if necessary. Most schools are willing to give you an advance in your wages if you need it. The cost of living in Korea is less than living in the UK and teachers generally are paid more than the national average wage.

 

Taking into consideration the fact that flights are accommodation are paid for by the school, teachers are very well off. Native English speaking teachers in Korea can save 40-60% of their salaries.

 

Your bank cards may not work in Korea, especially outside Seoul. Please double check with your bank.   Make sure that you have some Korean won (KRW) and/or travellers cheques with you. Your school will help you open a Korean bank account and your wages will be paid into that. You will have a Korean cash card which you can use in atms. To wire money home you will need the details of the account you are transferring money to, your passport and your alien registration card (which you will get within a couple of weeks of arriving in Korea). 

 

You are likely to be paid around 2,100,000 KRW per month.  Currency Converter.

 

The Korean currency breaks down into 10, 50, 100 and 500 won coins and 1,000, 5,000, 10,000 and 50,000 won notes. 

 

 

ADD TO THIS PAGE!!  If you would like to add to this page or update the current information please feel free to get in touch.  This kind of information can really help a prospective teacher get a good idea of what to expect from life in Korea.  Please email any contributions to info@flying-cows.com