A former English teacher in South Korea now back in England contemplating what happens next...
Showing posts with label currency. Show all posts
Showing posts with label currency. Show all posts
Monday, 29 November 2010
Pay day bonus
Pay day and I've finally got all of the bonus which was due two months ago. I'm crossing my fingers that the currency won't tank over the next twenty four hours because I want to send home a little bit of money just in case the value does goes down over the next few weeks and months. Please be nice North Korea!
Wednesday, 30 September 2009
Cashing in some of my chips
Yesterday was pay day and possibly the biggest single pay day I will see in my life. On top of my monthly wage I picked my assorted bonuses for finishing my contract and I can tell you I am one happy man right now. The bonuses for an ESL teacher in Korea can make it worthwhile living here, that's for sure. I have a few days left on my current contract but I got paid up for the whole twelve months. One thing though. My maths and the accounting staffs maths seem to be different and I feel I am missing around £150-300. I cannot dispute this yet as I am yet to receive my pay slip though should get it any day soon. I hope everything can be ironed out soon.
Pay day has come at the right time as the exchange rates have recently been pretty favourable. About three months ago £1 was about 2,100 won and now the rate is around £1 = 1900 won which is not bad at all. Not perfect and not even a twelve month high but OK considering around one year ago £1 was 2413 won. I don't know if its a strengthened Korean won or a weakened British pound but I suspect its a stronger Korean currency. I have sent home roughly three months salary with more to be sent home after I come back from Hong Kong. Maybe the exchange will be even better then, who knows.
Pay day has come at the right time as the exchange rates have recently been pretty favourable. About three months ago £1 was about 2,100 won and now the rate is around £1 = 1900 won which is not bad at all. Not perfect and not even a twelve month high but OK considering around one year ago £1 was 2413 won. I don't know if its a strengthened Korean won or a weakened British pound but I suspect its a stronger Korean currency. I have sent home roughly three months salary with more to be sent home after I come back from Hong Kong. Maybe the exchange will be even better then, who knows.
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