Each NET is entitled to a 1,300,000 KRW entrance allowance. The sum should be directly deposited into your bank account by your school after you complete the first 6 months of your contract.

However, the Entrance Allowance will not be paid to an Employee who is already living in Korea and is merely changing places of employment or transferring from one Office of Education to another. In that cases, the new Employee shall be entitled to a Settlement Allowance of 300,000 Korean Won (KRW).

Neither the Entrance Allowance and Settlement Allowance are offered to Employees who are renewing their contracts.

Contract Completion Bonus (계약완료 지원비)

A Contract Completion Bonus of 1,300,000 KRW is granted to the NET upon the successful completion of their contract. As the money will not be coming directly from the DMOE, but passed from the DMOE to your school, you should work with your school's administrative office to figure out where you would like the money to be sent (i.e. - to a bank account in your home country). The Contract Completion Bonus cannot be processed until after your contract ends. Depending on your school's administration office, this may take up to 2-4 weeks.