The below lists are the benefits available equally to all levels of EPIK Guest English Teachers (GETs).

Settlement Allowance (300,000 KRW one-time payment)

All EPIK GETs, 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 (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, 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 GETs.
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

All EPIK GETs, regardless of level, who successfully complete a one-year contract, will be entitled to receive severance pay equals to approximately one month's salary per year.

Entrance/Exit Allowances

Within the first month of the contract, all EPIK GETs, 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 their host POEs to the EPIK GETs. 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 GETs will repay the above-mentioned loan to the EPIK office immediately.
An Exit Allowance of 1,300,000 KRW is provided upon the successful completion of 1 year contract.

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.
An additional paid two week vacation will be provided between the contracts.

Compulsory Medical Insurance

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 GETs 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.

National Pension Scheme

Pursuant to Korean National Pension Corporation Act, 50% of your compulsory pension contributions will be paid by your host POE.
Current compulsory pension contributions total approximately 9% of your salary and are payable monthly. Half of this amount, about 4.5%, will be paid by your host POE, with the remaining amount being deducted from your monthly salary.

National Pension Scheme Refunds

At present, only EPIK GETs holding American, Australian or Canadian citizenship are eligible for a lump-sum pension refund upon successfully completing their contract and departing Korea.
EPIK GETs from countries other than the USA, Australia and Canada are only entitled to receive pension benefits in the case of retirement or tragedy.
More Information and documentation to apply for this refund can be found on the Korean National Pension Service website: http://www.nps.or.kr/jsppage/english/main.jsp.

Tax Exemption

With the exception of Canadians, all EPIK GETs, regardless of level, are exempt from paying Korean income tax for the first two years of their employment in Korea.
To be eligible for this tax exemption, you must submit official proof of residency in the form of Residency Certification from the relevant jurisdictional tax office of your country of permanent residence.
This document with an Application Form (provided by your host POE) must be submitted to your host POE within one month of your arrival in Korea.
As there is no tax treaty between Canada and Korea, Canadian EPIK GETs will be taxed between 2 and 4 % on their Korean income depending on their EPIK GET levels.
If you have previously worked for more than two years in Korea, you are ineligible for this income tax exemption.
Income tax exemption can be an exceptional benefit since, for example, in the USA, single persons with no dependents may need to pay one-third of their income as tax.

EPIK Orientation (An excellent transition and networking opportunity)

All EPIK GETs, regardless of level, will receive orientation and training related to living and teaching in Korea. During this orientation, EPIK GETs 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 GETs. 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 GETs.
 
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