I can't tell you how disappointed I am in light of this new revelation. I was planning on saving close to 15,000 USD this year. If my contract ended today, that same amount would be worth about 8,000 USD. And it's getting worse every day. This was a graph of the projected fall of the Korean Won vs. USD in the coming year. It's not even 2009 and the Won has fallen (on the graph: risen) to 1400 per USD. That's off the chart!!! It was predicted to settle before 1200...months from now!!!!
This article explains it better than I can. All the foreign teachers here are in an uproar. We just took a 50% cut in pay over a period of weeks. A mass exodus is approaching. I might be onboard. Taiwan? Tokyo? Prague? Anywhere but here?
http://www.bloomberg.com/apps/news?pid=20601080&sid=aD50HUGZzgck&refer=asia
2 comments:
Holaaaa!!! I m sorry but I have to tell you que no entiendo nada de nada de la grafica esta...¿de qué va??
hahahaha, it says that I'm not making the money I thought I would. Oh well. Write me a letter soon. MMMMWWWAAAA
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