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The followings are general conditions in which most teachers are working under:

Period of Contract  1 year (E-2 VISA holder can stay in Korea for a year. This is renewable)
Salary  1.8-2.3 million won per month (depending on your career and position )
 (2000-2400 USD, 2200-2600 CAD)
Teaching hours  120hrs/month.
Overtime pay  15,000 - 25,000won /hour
Severance pay  Equal to one monthly salary
Accommodations   Shared or private accommodations (free and furnished)
Airfare   Roundtrip economy class ticket
Medical care   Generally half provided (rate:2% from your salary)
Class size   10-15persons/class.
Vacation   10 days paid vacation
Tax rate   3.7-5%(Depending on your salary, If you are Canadian, your tax can be refunded
 at contract completion)
Working days   Monday to Friday (Some institutes offer Saturday Classes)

Airfare
The employer agrees to provide the employee a round trip ticket to Korea. However, in the event the Employee fails to complete the full contract term, the employee agrees to reimburse the employer the cost of the paid airfare. (If you are already in Korea, then a single ticket to your country is provided at the completion of the contract)
Accommodation
The employer agrees to provide housing (Single or shared accommodation) for the employee. The employee is not responsible for the payment of the rent, but the employee is responsible for paying his share of the utilities.
Working hours
Most schools require you to work 120hrs per month. Generally classes are 40min in length, although some have 80min classes. Working hours vary a great deal from school to school. Some schools have kindergarten classes in the morning and some don't start until latter in the afternoon, but you can usually expect to work in between the hours of 9:30 to 8:00.
Duties
Aside from teaching, you will be expected to prepare materials and lesson plans for your classes. As well as write monthly evaluations on your student's English abilities. You may also be required to help prepare for special activities such as Christmas or Halloween. Also many schools have weekly meetings which you will have to attend to discuss your classes, curriculum, special events or anything else involving ESL Teachers
Curriculum
Your school will provide you with textbooks appropriate to the student's age and English level. Most textbooks cover conversation, grammar, reading comprehension, and pronunciation; using common everyday situations to present the material (i.e. at the Supermarket). Some schools follow a strict lesson plan for their program but most have a more flexible program, giving the teacher more freedom to present the material as they want. Generally though you will teach the material as it is presented in the teachers manual for that textbook.. A lot of the textbooks have flashcards and taps that go along with the books, as well as ideas for games and activities to help you out
Classes
You will find yourself in front of a class of 5-12 students ranging in age from 5-14 (Kindergarten to Middle School). Kindergarten classes are generally in the morning and elementary and middle school classes are in the afternoon. You will share your classes with a Korean partner. Your partner can help you with your classes and clear up any miss communication between you and your students (Please note that you do not teach together at the same time)