​$24,000/yr salary in Korea = $53,000/yr salary in US ?!



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How is that even possible?!



Oh yeah, that is totally possible, since Korea has the lowest tax rates compared to most other countries..

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If you teach in Korea, the school provides you a housing (or housing allowance). 

And you get your severance pay (a month worth of paycheck) after completing a year contract.

You can also get your pension money back after a year. 

 - It is 4.5% of your salary that you pay every month + 4.5% of your salary that school pay every month.

 - It is equivalent to 9% of your salary.

You also get a full coverage national health insurance!

 - If this is included in US, $24,000/yr salary in Korea will be worth even more than $60,000/yr salary in US.



Let's take a look at the charts below.



Note: Korea National Insurance is better and cheaper than the average private insurance in America