With the growing demand for English teachers in South Korea and the dropping value of the Won, Korea opened the door to Indian, Singaporean, Malaysian, and Philippines nationals seeking the E2 teaching visa.  (previous article: Korea Teaching Visa Opens Up to Non-Native English Speakers).  However, according to the Korea Times, those seeking employment may have to hold there breath a little longer.

Consequently, India is likely to be the first country that may send teachers to Korea, as it is currently negotiating with Korea the Comprehensive Economic Partnership Agreement (CEPA), which is concerned with the free trade of goods and services. The Ministry of Foreign Affairs and Trade expects to ink the CEPA with India by March.

Once the agreement goes into effect by June, qualified Indian nationals will be able to apply for English teaching jobs here. Ministry officials expect the first batch to start teaching here from next year, following selection, screening and training procedures in the second half of this year. - Korea Times