Monday, April 30, 2012

Monday, April 30, 2012 - ,,, No comments

Payday!

One of the bigger differences between working in Korea and working in the U.S. is the payday.  We got paid every two weeks at my last job in the States.  It meant that at least twice a month I worked with happy people! ^^  In Korea, payday is mostly left to the end of the month.  People experience that rush of paycheck happiness much less often.

Here's an example of a Korean paystub. 

Key: 
1   Payroll  Date
2   City Code 
3   Employee Name 
4   Pay Period Starting Date 
5   Department 
6   Position 
7   Number 
8   Earnings Type 
9   Amount 
10 Deductions Type 
11 Amount 
12 Base Pay 
13 Holiday Pay 
14 Weekend Classes Pay 
15 Soccer Classes Pay 
16 Sick Pay 
17 Transportation Reimbursements 
18 National Pension 
19 Health Insurance 
20 Employment Insurance 
21 Income Tax 
22 Local Tax 
23 Agriculture Tax 
24 Long Term Care Insurance 
25 Tuition Payments 
26 Other Deduction 1 
27 Other Deduction 2 
28 Total Deductions 
29 Net Pay 
30 Total Gross Pay 
31 Company message 
32 Company name and location 

A typical paycheck will have about 200,000 in deductions. 
Pension ~ 99,000 
Health insurance ~ 62,040 
Income tax ~ 29,090 
Local Tax ~ 2,900 
Long term care insurance ~ 4,060 

If your gross is ...  you'll take home...
     2.2  mil                   2.0   mil
     2.3  mil                   2.07 mil
     2.54 mil                  2.31 mil
     2.68 mil                  2.43 mil


Anyhow, my payday victory lap around Ansan starts at my school and heads to Seonbu-dong. It is a very busy and happening place.  The nearby route 97 bus stop drops me off near KB bank, Homeplus, and countless other fun shops and food vendors.


The line at the KB is usually a bit long around 6pm.  I don't know why I called it a line.  People just jockey for position behind the person they think will be next.  A polite person could be standing here for half an hour if they aren't careful!
Once I get out of the ATM, it's time to check out some food.  There are maybe a dozen large food tents on this street.  They all look like they serve quality food, but some look more delicious to me than others.


My favorite place serves up these spicy chicken feet!  No, I've never tried them.  I stick to breaded, crispy hot dogs on a stick.  They are really good and only cost about 85 cents. ^^

If there's any doubt, look for the sign that says Bobo Chicken! ^^

That's it.  I spend 20 minutes taking in the sights and sounds of the city, then I get right back on that bus and head home.  The KAF is zero! Too perfect!

Location: South Korea, Gyeonggi-do, Ansan-si, Danwon-gu, Seonbu-dong, 1076-4

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