http://news.sbs.co.kr/section_news/news_read.jsp?news_id=N1001040121"서울 초, 중, 고등학교의' 외국인 영어 교사가 내년부터 차례로 해고됩니다. 학생들의 영어 회화 능력을 높인다는 취지로 채용된 7백 명이 모두 학교를 떠나게 됩니다.
Seoul will be slowly cutting down the number of NETs starting next year. Around 700 NETs in Seoul will leave. (This does not mean they're going to fire anyone mid-contract but that they won't be able to stay at their school after their contract ends.)
"예산 삭감에 따라 내년에 계약이 끝나는 원어민 교사들은 재계약 없이 해고됩니다."
Due to budget cuts, teachers who are ending their contact next year will not be able to renew. Although they state that, I don't think they're going to cut all renewing teachers. I'm pretty sure SMOE is going to be way more selective with their renewals and stick to the budget cuts.
"고등학교 원어민 교사 255명은 전원 해고되고, 초등학교와 중학교도 각각 252명과 200명씩 줄이게 됩니다."
255 high school teachers will be cut, 252 middle school teachers will be cut, and 200 elementary school teachers will be cut.
"전체 원어민 교사 천245명의 57%가 학교를 떠나게 되는 것입니다."
Out of 1245 NETs, that will be a 57% reduction rate.
"영어 원어민 교사 재배치 문제는 오랫동안 논의돼왔던 사실이고 내년 8월, 내후년 2월부터 중고등학교의 원어민 교사는 퇴출하려고 합니다."
And they go onto to say that starting next August, they will phase out all middle and high school NETs within three years.
Sorry, if this has been posted already.