James R Schloss
- 2004-07-30
I have a question for anyone interested in answering. I am an American businessman engaged in bringing Ruby Tuesday to Seoul in February 2005.
I'm trying to gather recent menu prices from major competitors in the market.
Specifically:
- Price of steak at TGIFridays, Bennigans, Outback
- Price of Ribs at TGIFridays, Bennigans, Outback
- Price of a premium beer at TGIFridays, Bennigans, Outback
- Price of an average beer at TGIFridays, Bennigans, Outback
- Price of a mixed drink at TGIFridays, Bennigans, Outback
- Price of a chicken sandwich at TGIFridays, Bennigans, Outback
- Price of a dinner salad at TGIFridays, Bennigans, Outback
- Price of a shrimp dish (fried shrimp or the like) at TGIFridays, Bennigans, Outback
- Price of a burger and bacon-burger at TGIFridays, Bennigans, Outback
- Standard appetizer price at TGIFridays, Bennigans, Outback
- Soft drink price at TGIFridays, Bennigans, Outback
If anyone can answer these querstions contact me at jschloss@majesticgroupinc.com and I'll be sure you're taken care of when we get to town.
> Typical Salary & Other Benefits
> Typical ESL/EFL Teacher's salary is between 1,900,000 won to
> 2,200,000 won.
> The tax rate is between 5% and 10% (some universities are tax
> exempt).
> Teachers receive subsidized housing and severance pay equal to one
> month's pay at the completion of the contract.
> Tipping
> Tipping is not a custom in Korea. Some restaurants in Korea charge a
> 10% service charge on top of the bill.
> Conclusion: Typical Cost of Living & Savings Potential
> Although the salary seems low by Western standards, Korea offers a
> lot of savings potential because of the sponsored housing and low tax
> rate. Once can live comfortably on 10,000 won per day, spend 100,000
> each week on entertainment and other expenses, and still manage to
> put away at least 1,000,000 won into the bank. (If you are a die-hard
> saver, you could curb the entertainment expenses and save much more!)
> Price List (2004)
> Supermarket Essentials
> Bread (toast 1 loaf) 1500
> Oranges (6 pack) 2,500
> Ham (processed) 2200
> Cheese (processed) 2500
> Eggs (dozen) 2,000
> Butter 2700
> Jam (340g) 2500
> Spam 4000
> Tuna (165g can) 1400
> Milk (1 litre) 1400
> Fast Food
> Zinger Burger (KFC) 2,800
> Pizza Hut / Dominos (large) 25,000
> Burger King (Reg. whopper meal) 4,900
> Western Food Restaurants
> Bennigan's (Steak, 250g) 28,300
> 31,500 (set)
> Bennigan's (Ribs) 28,200
> 31,900 (set)
> TGI Friday's (lunch set) 17,500
> TGI Fridays steak (new York) 27,200
> Drink
> Starbucks Coffee (short cappuccino) 3,000
> Dunkin Doughnuts Coffee (regular) 1,900
> Milk (1 liter) 1,400
> Beer (can 270ml) 1,500
> Beer (bottle 270) 3,000+ (restaurant / bar)
> Imported bear 2800 (shop) 5,000+ (bar)
> Transport - (Adult Fares only)
> Seoul Subway 700+
> Seoul Bus - City 700+
> Seoul Bus - Local 400
> Train - Seoul to Busan (Express) 33,100 (seating)
> Train - Seoul to Busan (KTX express) 45,000 (seating)
> Train - Seoul to Busan (non-express) 22,300 (seating)
> Taxi - Genral 1600 basic fee for 2 km, then 100 won / 168 meters.
> If taxi is going less than 15km/h, 100 won / 45
> seconds is added.
> Taxi - Deluxe 4000 basic fee for 3 km, then 200 won / 205 meters.
> If taxi is going less than 15km/h, 200 won / 50
> seconds is added.
> ----------------------------------------------------------
> By HiTeacher.com - http://hiteacher.com/ You are weclome to copy
> and use this entire article for your own website, however we require
> that you credit HiTeacher.com as the source, and include a link to
> our website below the article.
Typical Salary & Other Benefits
Typical ESL/EFL Teacher's salary is between 1,900,000 won to 2,200,000 won.
The tax rate is between 5% and 10% (some universities are tax exempt).
Teachers receive subsidized housing and severance pay equal to one month's pay at the completion of the contract.
Tipping
Tipping is not a custom in Korea. Some restaurants in Korea charge a 10% service charge on top of the bill.
Conclusion: Typical Cost of Living & Savings Potential
Although the salary seems low by Western standards, Korea offers a lot of savings potential because of the sponsored housing and low tax rate. Once can live comfortably on 10,000 won per day, spend 100,000 each week on entertainment and other expenses, and still manage to put away at least 1,000,000 won into the bank. (If you are a die-hard saver, you could curb the entertainment expenses and save much more!)
Price List (2004)
Supermarket Essentials
Bread (toast 1 loaf) 1500
Oranges (6 pack) 2,500
Ham (processed) 2200
Cheese (processed) 2500
Eggs (dozen) 2,000
Butter 2700
Jam (340g) 2500
Spam 4000
Tuna (165g can) 1400
Milk (1 litre) 1400
Fast Food
Zinger Burger (KFC) 2,800
Pizza Hut / Dominos (large) 25,000
Burger King (Reg. whopper meal) 4,900
Western Food Restaurants
Bennigan's (Steak, 250g) 28,300
31,500 (set)
Bennigan's (Ribs) 28,200
31,900 (set)
TGI Friday's (lunch set) 17,500
TGI Fridays steak (new York) 27,200
Drink
Starbucks Coffee (short cappuccino) 3,000
Dunkin Doughnuts Coffee (regular) 1,900
Milk (1 liter) 1,400
Beer (can 270ml) 1,500
Beer (bottle 270) 3,000+ (restaurant / bar)
Imported bear 2800 (shop) 5,000+ (bar)
Transport - (Adult Fares only)
Seoul Subway 700+
Seoul Bus - City 700+
Seoul Bus - Local 400
Train - Seoul to Busan (Express) 33,100 (seating)
Train - Seoul to Busan (KTX express) 45,000 (seating)
Train - Seoul to Busan (non-express) 22,300 (seating)
Taxi - Genral 1600 basic fee for 2 km, then 100 won / 168 meters.
If taxi is going less than 15km/h, 100 won / 45
seconds is added.
Taxi - Deluxe 4000 basic fee for 3 km, then 200 won / 205 meters.
If taxi is going less than 15km/h, 200 won / 50
seconds is added.
----------------------------------------------------------
By HiTeacher.com - http://hiteacher.com/
You are weclome to copy and use this entire article for your own website, however we require that you credit HiTeacher.com as the source, and include a link to our website below the article.