Recent statistics show that the unemployment rate in September 2009 declined to 3.4%, the lowest since December 2008 (3.3). The National Statistical Office (NSO) reported that the boost in employment is credited to the government's job creation efforts in the public sector and the marked recovery of exports.
Seoul is the heart of the South Korean business district as it acts also as the center of politics, the economy, culture and international trade/business.
English speakers and translators are in high demand, so expats can easily find teaching jobs and work in "hakwons", private institutions for learning different languages. Interested parties can check the following websites: www.eslteachersboard.com and http://hiteacher.com for opportunities.
Work Permit
Employers file work permit applications with the Ministry of Justice and Entry Inspection Division of Immigration Office. A Certificate of Confirmation of Visa Issuance (CCVI) will be issued once the application is approved. This certificate needs to be filed with the Korean Embassy or Consulate in your home country.
For visa and immigration updates, visit the Ministry of Justice website: http://www.moj.go.kr/HP/ENG/index.do
Searching for a job
Personal connections or recommendations are an effective way to get employment in South Korea.
Korean newspapers are available through the Internet and newspaper stalls. Job seekers can consult these newspapers and their corresponding websites:
The Korea Herald http://www.koreaherald.co.kr/
The Korea Times http://www.koreatimes.co.kr/www/index.asp
Joong-Ang Daily http://joongangdaily.joins.com/
Han-Kyoreh http://english.hani.co.kr/
Job hunters can also attend job fairs held at the COEX Convention Center. You can check the website of the COEX Convention Center for upcoming events. http://www.coex.co.kr/eng/index.asp
Working conditions/culture
Koreans have a rigorous work ethic; their commitment to their work is remarkable and they believe in developing personal relationships in the workplace. Expats who are not used to this type of culture may find it challenging.
By law, since 2004, the maximum working hours per week are 40 hours reduced from 44-hours. Employment contracts vary and allow for some minor adjustments. Work in any given day should not exceed more than 12 hours.
The corporate world of Korea is based on hierarchy and promotion is awarded on the basis of seniority.
Expats should note that even though English is widely spoken in the corporate world, it is still advised to learn the local language to remain competitive within the labor market.
Minimum Wage
South Korea's minimum wage is reviewed on an annual basis. In 2009, the minimum wage was set at 4,000 South Korean Won per hour. Note that salaries vary significantly depending on the industry and employer.
The pay for teaching English in an entry-level position is USD$1,650 to USD$2,200 a month (for 20 to 30 hours).
Taxes
All residents and foreign worker are required by law to pay income tax. These taxes are deducted from paychecks, administered by the employer. It is advisable to keep a record of your salary and tax payments for the duration of your stay in South Korea.
Expats can visit the website for National Tax Service for more assistance. http://www.nts.go.kr/eng/
More Expat Resources
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