Have you ever thought about how much foreign students can earn a year?
Calculating will be fun.
So let's check about how much one can earn in maximum.
One thing you need to know first is.....
international students can legally earn while working in South Korea depends on the restrictions on working hours during the semester and vacation periods, as well as the minimum wage. The minimum wage is adjusted annually by the government, so the exact amount should be based on the minimum wage for the relevant year. Let's calculate based on the minimum wage for 2024.
So let's imagine minimum wage of 2024 is 10,000won. (It is slight different. I am just showing how.)
I. Maximum Earnings During the Semester
During the semester, students can work up to 20 hours per week. One semester is approximately 16 weeks.
1. Weekly working hours: 20 hours
2. Minimum wage: 10,000 KRW
3. Maximum weekly earnings: 20 hours × 10,000 KRW = 200,000 KRW
4. Maximum earnings for one semester (16 weeks): 200,000 KRW × 16 weeks = 3,200,000 KRW
II. Maximum Earnings During Vacation
There are no restrictions on working hours during vacation, but for practical purposes, we will calculate based on a 40-hour work week. Vacation is approximately 8 weeks.
1. Weekly working hours: 40 hours
2. Minimum wage: 10,000 KRW
3. Maximum weekly earnings: 40 hours × 10,000 KRW = 400,000 KRW
4. Maximum earnings for one vacation (8 weeks): 400,000 KRW × 8 weeks = 3,200,000 KRW
III. Annual Maximum Earnings
Now let's calculate the maximum annual earnings by combining the earnings during the semester and vacation periods.
1. Maximum earnings during the semester: 3,200,000 KRW × 2 semesters = 6,400,000 KRW
2. Maximum earnings during vacations: 3,200,000 KRW × 2 vacations = 6,400,000 KRW
3. Annual maximum earnings: 6,400,000 KRW (semester) + 6,400,000 KRW (vacation) = 12,800,000 KRW
IV. Conclusion
The maximum annual earnings for international students legally working in South Korea is approximately 12,800,000 KRW. This calculation is based on the minimum wage and assumes that the working hours do not exceed the maximum allowed hours.
(** This can be different by person and limits of each person.)
i hope this information can help you out.
If there is anyone interested in this, writing comments will surely help.
Have you ever thought about how much foreign students can earn a year?
Calculating will be fun.
So let's check about how much one can earn in maximum.
One thing you need to know first is.....
international students can legally earn while working in South Korea depends on the restrictions on working hours during the semester and vacation periods, as well as the minimum wage. The minimum wage is adjusted annually by the government, so the exact amount should be based on the minimum wage for the relevant year. Let's calculate based on the minimum wage for 2024.
So let's imagine minimum wage of 2024 is 10,000won. (It is slight different. I am just showing how.)
I. Maximum Earnings During the Semester
During the semester, students can work up to 20 hours per week. One semester is approximately 16 weeks.
1. Weekly working hours: 20 hours
2. Minimum wage: 10,000 KRW
3. Maximum weekly earnings: 20 hours × 10,000 KRW = 200,000 KRW
4. Maximum earnings for one semester (16 weeks): 200,000 KRW × 16 weeks = 3,200,000 KRW
II. Maximum Earnings During Vacation
There are no restrictions on working hours during vacation, but for practical purposes, we will calculate based on a 40-hour work week. Vacation is approximately 8 weeks.
1. Weekly working hours: 40 hours
2. Minimum wage: 10,000 KRW
3. Maximum weekly earnings: 40 hours × 10,000 KRW = 400,000 KRW
4. Maximum earnings for one vacation (8 weeks): 400,000 KRW × 8 weeks = 3,200,000 KRW
III. Annual Maximum Earnings
Now let's calculate the maximum annual earnings by combining the earnings during the semester and vacation periods.
1. Maximum earnings during the semester: 3,200,000 KRW × 2 semesters = 6,400,000 KRW
2. Maximum earnings during vacations: 3,200,000 KRW × 2 vacations = 6,400,000 KRW
3. Annual maximum earnings: 6,400,000 KRW (semester) + 6,400,000 KRW (vacation) = 12,800,000 KRW
IV. Conclusion
The maximum annual earnings for international students legally working in South Korea is approximately 12,800,000 KRW. This calculation is based on the minimum wage and assumes that the working hours do not exceed the maximum allowed hours.
(** This can be different by person and limits of each person.)
i hope this information can help you out.
If there is anyone interested in this, writing comments will surely help.