Korean expats in the Philippines

What are the Korean expats doing in the Philippines?… that was the question posted by an OP in PEx. When I was in the Philippines, there was a thriving community of Koreans in my city. In fact, one of the biggest houses there was owned by a Korean. A lot of them have set up businesses catering to their fellow nationals. In my neighborhood alone, there were three internet cafes owned and operated by Koreans. One of my friends works at an English school started by a Korean. If they aren’t doing business in the country, they’re studying and of course, vacationing.

The Philippines is a dream place for Koreans. They can stretch their money and live a luxurious life there. A kilo of rice in the Philippines is cheap at about 25 pesos (500 KRW) compared to 2,000 KRW (100 pesos) here.

An article in Dong-A Ilbo describes how well Korean expats live in the Philippines and other Southeast Asian countries like Malaysia, Thailand and Nepal. They are retirees living on their pension and rental income, spending about 2,000,000 KRW ($2,000) a month. There, they can have luxurious lives playing golf on their free time with maids catering to them.

A married couple, Jeong Won-yeong, 61, and Kim Sun-ok, 60, who moved to Baguio, a mountain city located in the Philippines, after retirement, said, “We are enjoying a comfortable and satisfactory second life here.”

They also said, “The lives here are busy and pleasant,” adding, “We will stay here until we die and visit Korea a couple of times per year to see our sons and daughters.”

My husband who loves the Philippines so much would really want to have a retirement home and spend his golden age between the two countries. He really had a great time there despite getting held up twice at gunpoint!

Life in the Philippines can be a real heaven if you have money. Two million won ($2,000 or PHP 100,000) a month can afford the Korean expats lot of luxuries. I just hope it’ll be a little safer in the future.

The cost of living is, even though there is a little difference depending on individual cases, two million won per month in Philippines, from 2.2 million to 2.5 million won in Malaysia, 1.5 million won in Nepal, and from 2 million to 2.2 million won in Thailand. This cost includes traveling expenses to Korea (a couple of times per year), payment for hired domestic workers and playing golf.

How to spend the rest of one’s life more comfortably is the biggest issue to retirees and those who are facing retirement. While average life expectancy is increasing, the retirement age is lower. Their kids are no longer taking care of them. Under such circumstances, preparation after retirement is not the matter of others, but the matter of us.

Because of this, many people are considering moving to Southeast Asian countries that have lower living costs and have more favorable weather conditions and environments.

This coverage was made at the request of a number of subscribers, many of whom are older than late 40s, living in 32-pyeong apartment residences and expecting two million won income after retirement, mostly from pensions and their property lease.

They hoped to live the half the year in Southeast Asian countries, including winters, and spend the rest of the year in Korea when they reach old age.

Full article: Retirees Live Well in Southeast Asia on Allowance of Two Million Won Per Month

27 thoughts on “Korean expats in the Philippines

  • September 27, 2005 at 7:09 pm
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    hindi napigilan eh… 😀

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  • December 16, 2005 at 10:26 pm
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    …interesting text this is. go to my blog (www.myliberaltimes.blogspot.com) and compare how i, as a european living in manila , see the korean wave in the philippines.

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  • July 23, 2007 at 5:00 am
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    Yeah I see a lot of koreans in Phils. now, they want to learn english here since it’s cheaper. There are students in UST, and I even rode in an elevator full of koreans, I even felt as if I was the stranger among them. ha ha ;p

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  • December 9, 2007 at 8:54 pm
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    For our brother koreans planning to migrate in the Philippines, we want to offer our place the Amber Trail Philipines located at Hi way, San Pablo, Mexico, Pampanga. It is actually the site of educational tourism for young koreans who would like to learn English. by 2008 we are expecting more than 200 young Korean to stay in Amber Trail residentail and Resort Subdivision. We have as low as Php 1,100,000.00 unit as retirement home and we have proessional doctors, nurses physical therapist committed to extend services to our fellow asian brothers. So to our fellow Filipino who are Not Yet comfortable seing other foreign nationals in our country, this is the one we are waiting for, a time where our workers are no longer needed go to other country. For more info please visit us at http://www.houseandlotforsale.net

    tnx, albert

    Reply
  • January 23, 2008 at 12:09 pm
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    For Koreans who wish to stay here for good or in for a long stay, let me help you in providing your real estate need here in our country. Please do not hesitate to contact me at 0916-2143642 or you may e-mail me at third_san_martin@ahoo.com.

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  • May 3, 2008 at 8:36 pm
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    For Koreans whose looking for a condominium or property in bonifacio global city or McKinley Hill you may reach me through my mobile at +639176256615 or fnocom@gmail.com

    McKinley Hill, Korean International School, Korean Embassy, British Embassy, Venetian Mall, BPO Offices etc.

    Reply
    • February 12, 2010 at 12:35 am
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      Are you a member of any golf club already? If interested, please let me know… I have shares for sale,,,, Thank you

      Reply
  • March 30, 2009 at 5:01 pm
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    Anyong haseyo!To all Koreans who are looking for a building for sale located at No 25 Pisces St., Carmel 5 Subdivision,Tandang Sora, Quezon City, Very Cheap and a residential house located at 112 Auditing Cor Calle Real St, Proj 8, Quezon City kindly contact john or noemi at 456-3645,0927-7975966,0927-7975965.

    All properties located near mindanao avenue and tandang sora quezon city.

    john

    Reply
  • March 30, 2009 at 5:17 pm
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    FOR SALE

    1. 3 STORY BUILDING, LOT AREA 488 SQ MTRS,CLEAN TITLE,10 ROOMS W T/B,BIG WAREHOUSE 2 X 40 FOOTER VANS CAN ENTER, 300 METERS FROM MINDANAO AVE.

    2. RESIDENTIAL HOUSE 3 STORY, LOCATED AT 112 AUDITING COR. CALLE REAL, PRO 8, QUEZON CITY NEAR GENERAL AVE COR SANGANDAAN READY FOR OCCUPANCY ANY TIME.

    IF INTERESTED PLS CALL JOHN OR NOEMI (OWNERS) AT 456-3645,0927-7975965,0927-7975966

    SERIOUS BUYERS ONLY, AGENTS ARE WELCOME

    JOHN

    Reply
  • November 9, 2009 at 5:32 pm
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    Well, overall impact for as long as they don’t take advantage of our rights and will use our resources efficiently and help our country to become stable and progressing by means of investments to further fight poverty, unemployment and many more related issues that would be a meaningful contribution. By if u are looking for a goal-oriented, flexible and articulate English tutor. Do not be hesitant to make a call right away. Email me at danreedegula@yahoo.com or call me at 0927-585-0926 or at my landline number. 291-22-88. My pleasure to teach you well.

    Reply
  • March 3, 2010 at 1:27 am
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    Hi, for those Koreans who are looking for a house & lot in Pampanga, I’m selling my own house in pampanga. It’s newly built and 461 sqm lot, 5 bedrooms, 2 bathrooms, big front garden and can put a swimming full at backyard or do some planting at the back of the house. The house is very nice and safe friendly environment where you can spend your retirement. Definitely no flooding, the reason I’m selling it is bec. we are migrating to other country. If you are interested pls. email me at lersabest@gmail.com, I can send photos of the house & lot. Looking forward to hear from you. thank you!

    Reply
  • July 5, 2010 at 1:51 am
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    Koreans have a big presence in the Philippines, in fact they are the biggest foreign group here! (Compared to the small british group which I belong to!) Although they are providing great employment opportunities (especially for English teachers), since they mainly cater for Koreans, its not much of a benefit to the service industries. Although, it wouldn’t kill some foreigners (including koreans) to learn tagalog or at least English so they can communicate better, but i guess thats one of the reasons Koreans are here too.. since Philippines is the biggest English speaking nation in Asia.

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  • July 8, 2010 at 2:01 am
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    For those koreans who are looking for City or Provicial Guide or any kind of help you may contact me at my cellphone number 09275199000.

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  • January 2, 2011 at 1:39 am
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    Rush sale! PENTHOUSE unit at Palace of Makati ( P. Burgos corner Caceres Street), 3 bedroom 2-level with maids rm, 3t&b and 1 powdr rm-144 sq. meters with 1 parkng. 28th floor. Furnished. Free use of gym and swimming pool.Also, they have restaurants in the lobby and a small supermarket. 5 mins away from rockwell powerplant mall. Php 9.5M neg! all taxes included in the price. Clean title. Text me at +639175369105 or email at valiant_hontiveros@yahoo.com

    Reply
  • January 2, 2011 at 1:44 am
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    Forsale! Newport city – Montecito unit 6-L cluster 6. 36.5 sqm. Studio with parking. P90k/ sqm neg. Text me at +639175369105 or email at valiant_hontiveros@yahoo.com

    Reply
  • February 27, 2011 at 5:22 pm
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    Fort Bonifacio, particularly Mckinley Hill, is home to both the Korean Embassy in the Philippines and the Korean International School. Any Koreans interested in living in the area, please visit http://www.fortcondo.com. For the best deals in Mckinley Hill and Global City Condos, Fort Bonifacio.

    Reply
  • July 6, 2011 at 6:29 pm
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    i can offer lodging plans for these koreans. condominiums suits best for them so i can offer it to them.

    contact me: jldsantos1987@yahoo.com – email

    Reply
  • October 4, 2011 at 4:59 pm
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    Do you have Korean relatives or friends? Get as much as P20K when you successfully refer them for TeleTech’s multilingual account. Text their names and numbers to 0906-2383870 or tell them to apply at TeleTech Makati, 10th Floor, Eco Plaza Bldg., Don Chino Roces Ave., Makati City from Monday to Friday, 8am-5pm.

    Reply

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