TEACHERS DISCUSSION FORUM
View Thread · Previous · Next Return to Index › Re: Cost of Living in Korea
James R Schloss - 2004-07-30
In response to Cost of Living in Korea (HiTeacher.com)

I have a question for anyone interested in answering. I am an American businessman engaged in bringing Ruby Tuesday to Seoul in February 2005.

I'm trying to gather recent menu prices from major competitors in the market.

Specifically:
- Price of steak at TGIFridays, Bennigans, Outback
- Price of Ribs at TGIFridays, Bennigans, Outback
- Price of a premium beer at TGIFridays, Bennigans, Outback
- Price of an average beer at TGIFridays, Bennigans, Outback
- Price of a mixed drink at TGIFridays, Bennigans, Outback
- Price of a chicken sandwich at TGIFridays, Bennigans, Outback
- Price of a dinner salad at TGIFridays, Bennigans, Outback
- Price of a shrimp dish (fried shrimp or the like) at TGIFridays, Bennigans, Outback
- Price of a burger and bacon-burger at TGIFridays, Bennigans, Outback
- Standard appetizer price at TGIFridays, Bennigans, Outback
- Soft drink price at TGIFridays, Bennigans, Outback

If anyone can answer these querstions contact me at jschloss@majesticgroupinc.com and I'll be sure you're taken care of when we get to town.

> Typical Salary & Other Benefits

> Typical ESL/EFL Teacher's salary is between 1,900,000 won to
> 2,200,000 won.
> The tax rate is between 5% and 10% (some universities are tax
> exempt).
> Teachers receive subsidized housing and severance pay equal to one
> month's pay at the completion of the contract.

> Tipping

> Tipping is not a custom in Korea. Some restaurants in Korea charge a
> 10% service charge on top of the bill.

> Conclusion: Typical Cost of Living & Savings Potential

> Although the salary seems low by Western standards, Korea offers a
> lot of savings potential because of the sponsored housing and low tax
> rate. Once can live comfortably on 10,000 won per day, spend 100,000
> each week on entertainment and other expenses, and still manage to
> put away at least 1,000,000 won into the bank. (If you are a die-hard
> saver, you could curb the entertainment expenses and save much more!)

> Price List (2004)

> Supermarket Essentials

> Bread (toast 1 loaf) 1500

> Oranges (6 pack) 2,500

> Ham (processed) 2200

> Cheese (processed) 2500

> Eggs (dozen) 2,000

> Butter 2700

> Jam (340g) 2500

> Spam 4000

> Tuna (165g can) 1400

> Milk (1 litre) 1400

> Fast Food

> Zinger Burger (KFC) 2,800

> Pizza Hut / Dominos (large) 25,000

> Burger King (Reg. whopper meal) 4,900

> Western Food Restaurants

> Bennigan's (Steak, 250g) 28,300

> 31,500 (set)

> Bennigan's (Ribs) 28,200

> 31,900 (set)

> TGI Friday's (lunch set) 17,500

> TGI Fridays steak (new York) 27,200

> Drink

> Starbucks Coffee (short cappuccino) 3,000

> Dunkin Doughnuts Coffee (regular) 1,900

> Milk (1 liter) 1,400

> Beer (can 270ml) 1,500

> Beer (bottle 270) 3,000+ (restaurant / bar)

> Imported bear 2800 (shop) 5,000+ (bar)

> Transport - (Adult Fares only)

> Seoul Subway 700+

> Seoul Bus - City 700+

> Seoul Bus - Local 400

> Train - Seoul to Busan (Express) 33,100 (seating)

> Train - Seoul to Busan (KTX express) 45,000 (seating)

> Train - Seoul to Busan (non-express) 22,300 (seating)

> Taxi - Genral 1600 basic fee for 2 km, then 100 won / 168 meters.

> If taxi is going less than 15km/h, 100 won / 45

> seconds is added.

> Taxi - Deluxe 4000 basic fee for 3 km, then 200 won / 205 meters.

> If taxi is going less than 15km/h, 200 won / 50

> seconds is added.

> ----------------------------------------------------------

> By HiTeacher.com - http://hiteacher.com/ You are weclome to copy
> and use this entire article for your own website, however we require
> that you credit HiTeacher.com as the source, and include a link to
> our website below the article.

Messages In This Thread
Cost of Living in Korea -- HiTeacher.com -- 2004-07-15
Re: Cost of Living in Korea -- James R Schloss -- 2004-07-30
Re: Cost of Living in Korea -- Mike B -- 2004-07-15
View Thread · Previous · Next Return to Index › Re: Cost of Living in Korea





Go to another board -