Teach in Korea Newsletter

Issue 2 | Costs and Finances

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Whenever you travel and live abroad, regardless of your destination, you’re going to need money to make ends meet, and understanding the economy and currency of your new home is important to ensuring your experience will be a success. So, what are the basics you’ll need to know to get you started on the right foot with your finances? How far will your paycheck get you, really?

For our second issue, the team at Aclipse is bringing you information about the costs of living and working in Korea. Read on to find out more about Korea’s won and how it compares to the U.S. dollar, how much you can expect to pay for groceries and bills, as well as how to ask the locals about prices so that you can always feel prepared at the check-out counter. Also, be sure to check out the Teaching Tutorial section for a guide the terms and lingo (and all those confusing acronyms) you’ll need to know as a teacher in the EFL (English as a Foreign Language) community.

Would you like to suggest a topic that we should cover in future issues or comment on what you’ve already read?  Let us know what’s on your mind! Contact us at esljobs@aclipse.net. We’d love to hear from you!

Sincerely,

The Aclipse Team

Teaching Tutorial

EFL Terminology: Learning the Lingo

So, you’re counting down to your departure with enthusiasm, eagerness, and perhaps a little trepidation—all at the same time. You have a million things on your mind, trying to anticipate and solve challenges before they arise. One of the challenges of starting any new job is managing the lingo—those unfamiliar words or phrases that could catch you in conversation and make you feel unprepared. A quick introduction of English teaching and EFL (English as a Foreign Language) specific jargon will be helpful.

EFL terminology is a huge area to cover, so don’t feel too intimidated. You will be able to learn as you go, through training sessions, faculty feedback, and with help from the friends and colleagues you will soon be sharing soju with after work. For now, we’ll restrict this article to some of the more common and practical terms relating to testing and teaching and provide you with some online resources to look into.

Click here to read the full article and for resources on this topic.

Cultural Tips

All about the Korean Won

Today’s won (or KRW) has been South Korea’s sole legal tender since 1975. Unlike in the U.S., where plastic is king, Koreans still primarily use cash for their everyday transactions—a practice you’ll find is common throughout Asia. This means it is important for you to understand the won, how the different denominations look, and how you can manage your money while in Korea. We' also go over what you'll need to know to open your Korean bank account.

Click here to learn more about money in Korea

Cost Comparisons: KRW vs. USD

One easy way to understand what those numbers on your paycheck really mean to the bottom line of your budget is to know how the won compares to a currency you are likely familiar with—the U.S. dollar. Because currency exchange rates are constantly in flux, it can still be useful to keep in mind an average rate. The information in this article will help you understand how the won compares to the U.S. dollar and show you just how comfortably you can live in Korea.

For the full article that will help you crunch the numbers, click here!


Speaking Korean

Useful Phrases: "How much?"

  •  (won) - Won
  •  (don) - Money
  • 얼 마 (eolma) - How much?
  • 바 꾸다 (bakkuda) - To change (for currency exchange)
If you aren't able to see the Korean characters above, we recommend you install Korean fonts onto your computer.

Click here for more tips on how to exchange your currency when you arrive and how to make sure you are getting the right price at the store.

Coming up in our next newsletter!

We know you are curious about where you will be living in Korea and what it will be like. We'll look at accomodations and offer tips on how to make your living space work for you. Next up in the Teaching Tutorial, we'll show you effective strategies for teaching vocabulary to your students.

Featured Teacher:
Marc Finks
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