Kim Ki-hoon, English Teacher Banks $4 Million A Year
Kim Ki-hoon earns $4 million a year in South Korea where he is known as a rock-star teacher.
It’s not too often that a teacher is known to bank $4 million a year, so how does he do it?
The Wall Street Journal reported that, unlike most teachers across the globe, he is paid according to the demand for his skills—and he is in high demand.
Ki-hoon works on average 60 hours a week teaching English, though reports say he only spends about three hours actually giving lectures.
MSN Now also states that Ki-hoon makes his money off of teaching in a private academy, selling online lectures and writing textbooks.
The Wall Street Journal report continues on to say that his classes are recorded on video, and the “Internet has turned them into commodities, available for purchase online at the rate of $4 an hour.”
“He spends most of his week responding to students’ online requests for help, developing lesson plans and writing accompanying textbooks and workbooks (some 200 to date).”
Ki-hoon stated that the harder he works, the more he makes.
MSN Now reported that education is a serious business in South Korea. The report continued n to say that many students attend school during the day and the go on to a private academy at night.
The Wall Street Journal report stated that the bulk of Ki-hoon’s earnings come from the 150,000 kids who watch his lectures online each year.
“He is a brand name, with all the overhead that such prominence in the market entails. He employs 30 people to help him manage his teaching empire and runs a publishing company to produce his books.”
Ki-hoon has not only found a passion in teaching, and helping kids learn; but he has also found a way to profit greatly from it.
You won’t find many teachers in the US who make $4 million a year, but Kim Ki-hoon has found a market to really make it work.
[Image via Shutterstock/ESTUDI M6]