The school is a non-profit school with 100% of all fees being spent to run the school.
School fees include exercise books and most buses for trips, PE etc. Occasionally teachers need to collect payment for specific class activities. Please send all payments to school in a sealed recycled envelope with child’s name, purpose and amount written on the outside.
A non-refundable application fee of 2 million Korean won is charged to all new applicants. Returning applicants are subject to a 1 million Korean won fee. Payment of this fee guarantees that a place will be kept vacant for up to six months from the payment date.
Annual Tuition Fee
Hyundai Foreign School operates on a three term basis and invoices for school fees will be issued three times each year, approximately one calendar month prior to the payment date. Payment, in Korean won, must be made prior to the commencement of each school term.
Invoices will be issued to parents three times during the school year.
A penalty of 5% will be applied to payments received after the commencement of the term. A student whose tuition fee is outstanding 20 school days after the commencement of the school term will be unable to attend school until the termly fee is paid.
New pupils entering the school more than 20 school days into a term will be charged on a pro rata basis.
Students with a parent working with Hyundai receive a discount on tuition fees. This discount applies to all Hyundai employees and employees of companies whose work is directly related to Hyundai. For example, all employees of class societies and ship owners qualify for the lower tuition rate.
Children leaving the school permanently during a term will be entitled to receive a refund on a pro rata basis. If the leaving date is within the last 20 school days of the term, no refund will be given.
Payment Schedule for 2018/19
The annual tuition fee for the 2018/19 school year commencing on August 27th 2018 is as follows:
School Bank Details
A/C No. : 129-910014-97204
A/C Name : Hyundai Foreign School
Bank Name : KEB Hana Bank
Swift code : koexkrse
Please indicate the child’s name and invoice No. in the payment details column upon remittance.