Working in South Korea
One of the four Asian Tigers along with Hong Kong, Singapore and Taiwan, the Republic of Korea is unique in that it is globally recognised as both a developed and an emerging market. The fourth-largest economy in Asia, it is home to companies of international stature.
Although it is known for being one of the world’s largest exporters of cars, smartphones and ships, most expats working in South Korea do so as English teachers at one of its public schools or privately run institutions known as hagwons.
Most expat job opportunities can be found in major cities and industrial zones such as Seoul, Busan and Incheon. While speaking Korean is not required for teaching English, expats who are interested in higher level corporate jobs will have an advantage if they can speak the local language as well as other Asian languages, particularly Mandarin or Japanese.
Most companies in South Korea offer good relocation packages to their employees. Benefits often include a furnished apartment or a generous housing allowance, flights home each year and a thirteenth cheque. Expats hired from overseas can generally expect airfare reimbursements but those hired from within the country may not get this benefit.
Job market in South Korea
With massive local brands such as Hyundai, Kia, LG and Samsung, it is easy to understand why such a small country has such a large economy. Aside from teaching English, large numbers of expats also work for the US Armed Forces, with a growing number of foreigners in high-level management, information and communications technology, and engineering.
Some of the largest employers in South Korea are in fields such as electronics, biotechnology, microchip production, shipbuilding, chemical production, steelmaking and automobile manufacturing. It also has a respectable financial services industry, with the Shinhan Financial Group especially prominent among these.
Working in rural South Korea
With high competition in the larger cities, many expats look for employment in the Korean countryside, especially in the teaching industry. This usually proves to be a completely different experience from, for instance, working in Seoul.
While the countryside is often more beautiful and less congested, amenities are not as widely available and the language barrier tends to be more pronounced for non-Korean speakers.
Finding a job in South Korea
Most expats find a job before relocating and finding employment through the many job portals available online is the most common way of doing this.
The high number of expats wanting to teach in Korea has resulted in a large number of recruitment companies which organise placements on behalf of private schools. This means that expats may not be aware of exactly who they will be employed by, which may be an issue as some schools are more reputable than others.
Otherwise, expats looking for employment in South Korea can search through job listings in English language publications such as the Korea Herald and The Korea Times.
Expats should also be warned that work permit regulations can and often do change, meaning that information sources should be carefully considered and compared to the latest official information. Finding a job from inside South Korea often becomes complicated, and expats should note that while visa runs do happen, they are in fact illegal.