The BENEFITS section lists those benefits available equally to all levels of EPIK Teachers.
• Settlement Allowance – 300,000 KRW (one-time payment) All EPIK Teachers, regardless of level, will be provided with a settlement allowance of 300,000 KRW within the first month of their first contract only.
•Free Furnished Housing Provided – Single studio-type housing
- Free furnished housing or a rent subsidy will be provided by the host POE.
- A leased house/apartment/studio-type room as well as basic household goods will be provided by the host POE.
- Basic household goods include: a bed, a table and chairs, a wardrobe, a gas stove, a refrigerator, a washing machine, a microwave oven, and a TV set.
- Utilities and maintenance fees are not provided for and are the responsibility of the EPIK Teachers.
- Due to variations in housing costs in different regions of Korea, the size and location of the supplied housing can vary from POE to POE.
- If housing is unavailable, a monthly rent subsidy of 400,000 KRW will be provided in lieu of free furnished housing.
• Severance Pay – Equal to approximately one month’s salary/year All EPIK Teachers, regardless of level, who successfully complete a one-year contract will be entitled to receive severance pay. Severance pay is equal to approximately one month ’s salary.
• Entrance Allowance
- Within the first month of the contract, all EPIK Teachers, regardless of level, will be provided with 1,300,000 KRW of Entrance Allowance.
- To prevent early termination of contracts, the Entrance Allowance is issued as a form of a loan from the employer to the EPIK Teachers. In the event that the contract is terminated within six (6) months of its implementation, including renewal contracts, regardless of course or grounds, the EPIK Teachers will repay the above- mentioned loan to the EPIK office immediately.
• Renewal Allowance
2,000,000 KRW will be provided upon successful completion and renewal of your contract with the same POE. In this case, the other allowances (Settlement, Entrance, and Exit) do not apply.
• Compulsory Medical Insurance – 50% of your premiums paid by your employer
Pursuant to the National Medical Insurance Act, 50% of your medical insurance premiums will be paid by your host POE. Current medical insurance premiums total approximately 4.31% of your salary and are payable monthly. Half of this amount, about 2.1%, will be paid by your host POE, with the remaining amount being deducted from your monthly salary. This medical insurance will allow you to receive medical attention and prescription medicines at a fraction of their original cost. In the event that EPIK Teachers have dependents living with them in Korea, their host POE will continue to pay 50% of their medical insurance premiums for both the GET and his/her dependents.
• EPIK Orientation – An excellent transition and networking opportunity
- All EPIK Teachers, regardless of level, will receive orientation and training related toliving and teaching in Korea. During this orientation, EPIK Teachers will be exposed to various subject areas and activities.
- The orientation is conducted by EPIK at the orientation place prior to your contract start date.
- The orientation period is not included in the term of employment and, as such, is unpaid.
-Orientation is mandatory for all EPIK Teachers. If you are not present at the orientation, you will not be eligible for employment.
- Lodging and meals will be provided during the orientation free of charge for all EPIK Teachers.
