Clark Pampanga: Korean expats in the Philippines
What are the Koreans 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 you a 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.
Source: http://www.buhaykorea.com/2005/09/27/korean-expats-in-the-philippines/
Pampanga Angeles City Fine Dining Restaurant serves classic French Cuisine accompanied by matured vintage wines from Bordeaux, Burgundy and Rhone.
More and more guests from Manila travel out of town north to Clark Pampanga to wine and dine in famous fine dining Yats Restaurant & Wine Bar while enjoying fine vintage wine. Best place to go for a romantic dinner near Manila is Yats Restaurant & Wine Bar in Pampanga Clark Freeport. This is a cozy fine dining restaurant that couples can indulge not only in the romantic ambience but also treat themselves to a truly memorable wine-and-dine evening.
Built in 2000 by Hong Kong-based Yats International, a developer and operator of hospitality and residential projects in the Philippines, fine dining Yats Restaurant and Wine Bar has served not only as Pampanga’s highly recommended restaurant and wine lounge, but also as a place where business executives meet to finalize business deals over a nice meal with some fine vintage wine.
Family travelers laud Yats Restaurant as the best restaurant in Clark Pampanga for family dinners. Although this frequently visited resto bar is a top rated fine dining restaurant outside Manila, the dining rooms are very children friendly. The ambience is cozy but upscale, beautiful but relaxing also, making this restaurant a dining venue that is highly recommended by event organizers for family gatherings, group dinners, social and corporate events.
Private dinners can be accommodated in this famous restaurant located in Mimosa, at the heart of Pampanga Clark Freeport. Private rooms suitable for 4 to 24 can be reserved in advance for company and personal functions and events. This fine dining restaurant is a very popular venue for small wedding receptions, social events, company board meetings and annual parties. Residents of Pampanga frequently travel to Angeles City Clark Freeport to hold special group dinners in this fine dining restaurant.
For comments, inquiries and reservations click on Click here for inquiry and reservations
Restaurant@Yats-International.com
(045) 599-5600
0922-870-5178
0917-520-4401
Ask for Pedro and Rechel
Getting to this fine dining restaurant of Angeles City Clark Freeport Zone Pampanga Philippines
How to get to this fine-dining restaurant in Clark Philippines? Once you get to Clark Freeport, go straight until you hit Mimosa. After you enter Mimosa, stay on the left on Mimosa Drive, go past the Holiday Inn and Yats Restaurant (green top, independent 1-storey structure) is on your left. Just past the Yats Restaurant is the London Pub.
Yats Restaurant & Wine Bar
Mimosa Drive past Holiday Inn, Mimosa Leisure Estate,
Clark Freeport Zone, Pampanga, Philippines 2023
Manila Sales Office
3003C East Tower, Phil Stock Exchange Center,
Exchange Rd Ortigas Metro Manila, Philippines 1605
(632) 637-5019 0917-520-4393 Rea or Chay
For any assistance in planning and organizing a wedding ceremony, indoor or outdoor garden reception or to find other wedding service providers, Click here to contact us click here
For assistance in hotel and resort bookings in Clark, Pampanga, Philippines, log on to
http://www.HotelClarkPhilippines.com
To buy wine in Manila, Pampanga, Angeles City, Clark or Subic please log on to http://www. ClarkWineCenter.com
To inquire with the highly recommended beach resort hotel in Clark Pampanga visit http://www.ClearwaterPhililippines.com
For more information about Clark, Pampanga, Philippines log on to
http://www.ClarkPhilippines.com
