COST OF LIVING>

The cost of living is cheap in Korea and you can live extremely well on your salary. You are paid double that of your Korean co-workers and your rent is also taken care of. Although, your salary may seem small compared to what you might expect in your home country, it is a very good wage in Korea and you can live a Champagne lifestyle.

Tax is 3.3% and with residence tax it totals around 5% of your salary. So you are taking home nearly all of your monthly salary. Utilities will be your major expense. Expect to budget around 60 000 krw in summer and 130 000 krw in winter, per month, for your gas, electricity, water and cable tv/internet.  Depending on your type of accommodation you may also be liable for apartment maintenance fees. These are usually payable monthly and will be less than 30 000 krw. These are for security and maintenance of your apartment complex. If you are not living it large then Korea is an ideal place to save money. You can save up to 75% of your salary.