SMOE Benefits
The following are SMOE benefits offered to each teacher placed in the SMOE program. Some SMOE benefits such as the Entrance Allowance and Settlement Allowance are only available to 1st year teachers. Please inquire with your recruiter as to which benefits you will be eligible for.
Free Single Furnished Housing
SMOE Teachers are entitled to rent-free single housing furnished with basic furniture and appliances. If your school cannot provide housing, they will provide a housing stipend of 500,000 KRW a month. Key money however, will not be provided.
Entrance Allowance
SMOE provides reimbursement for the cost of your plane ticket to Korea in the form of the Entrance Allowance. The 1,300,000 KRW entrance allowance is given in your first month after you have arrived in Korea.
Settlement Allowance
Worried about how much it will cost to settle down in your new housing? Don’t worry, EPIK has you covered. EPIK provides a one-time 300,000 KRW Settlement Allowance to help you buy things like supplies and other furnishings for your apartment.
Severance Payment
Anytime you complete a 1-year contract you are entitled to an additional full month of extra salary pay as a bonus for completing a contract. The amount is cumulative depending on how many contracts you complete while in Korea, and will be paid to you upon your exit of your school.
Exit Allowance
SMOE teachers will receive 1,300,000 KRW to cover the costs of their plane ticket back to their home country. The payment will be provided in the form of reimbursement after leaving South Korea and sending a scan of their flight itinerary and boarding pass to their school.
Paid Vacation
SMOE teachers are entitled to 21 days of paid vacation per contract (weekends are excluded). Generally, vacation is allowed to be taken during the summer in August and in the Winter in January when the students are on break.
Sick Days
EPIK Teachers are allowed to take up to 11 sick-days. Missing consecutive days will require a doctor’s note. Sick days are not able to be “rolled-over” to a renewing contract.
Medical Insurance
In accordance with the National Medical Insurance Act, your employer will pay fifty-percent of your medical insurance premiums each month, with the remaining being automatically deducted from your paycheck. Provided medical insurance is full-coverage and include health, vision, & dental. Teachers do not have to worry about enrolling, as they are automatically enrolled upon the start of their teaching contract.
Renewal Allowance (Removed)
For those that wish to teach for another year at the same school will receive a Renewal Allowance of 2,000,000 KRW. This benefit only applies to those that continue at the same school. Those transferring to another school within the SMOE program will not be eligible.
Renewal Allowance is no longer available.