Sounds like a real class act, this airline and it has not changed since thye first started!
And........they continue to advertise on quite a few websites for pilots. Notwithstanding their conservative expansion, this is a clear sign that not all is well and this company is shooting itself in the foot by being penny-pinching to the nth degree.
ANY decent airline would put in place a decent package to get quality personnel and KEEP them. As for $1200 a month for non-type rated guys, That works out at quite a chunk of change since a 744 rating costs approx 12-13K depending where you go and nowhere near what 3 years deductions would accumulate.
That's why I would never touch this company with a barge pole. Maybe in a few months we shall see "new and improved Ts & Cs" which alwasy tells me that their initial campaign had no takers and they were "forced" to raise the pay and bennies. They could have saved a lot of bother by doint that in the first place!
Nice observation: a training school for KAL

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