Fees and Payment Schedule
Registration Fee
A non-refundable registration fee of 300,000 Korean Won is charged to all new applicants. Payment of this fee guarantees that a place will be kept vacant for up to six months from the payment date. The fee also purchases one set of the necessary school uniform with the exception of trousers/shorts/skirts.
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.
Late Payments
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.
Partial Payments
New pupils entering the school more than 20 school days into a term will be charged on a pro rata basis.
Hyundai Discount
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.
Refunds
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 2011/12
| all prices in Korean Won | Payment Date | Kindergarten | Reception to Year 6 | Year 7 - Year 9 | ||
|---|---|---|---|---|---|---|
| Registration Fee | On Application | 300,000 | 300,000 | 300,000 | ||
| Tuition Fee | Autumn Term | end of July | Hyundai | 2,860,000 | 4,840,000 | 5,810,000 |
| Non-Hyundai | 3,300,000 | 5,280,000 | 6,250,000 | |||
| Spring Term | end of December | Hyundai | 1,950,000 | 3,300,000 | 3,960,000 | |
| Non-Hyundai | 2,250,000 | 3,600,000 | 4,260,000 | |||
| Summer Term | middle of April | Hyundai | 1,690,000 | 2,860,000 | 3,430,000 | |
| Non-Hyundai | 1,950,000 | 3,120,000 | 3,690,000 | |||
| Total | / | Hyundai | 6,500,000 | 11,000,000 | 13,200,000 | |
| Non-Hyundai | 7,500,000 | 12,000,000 | 14,200,000 | |||
School Bank Details
Korea Exchange Bank
Dong-Gu Branch
Account Name - Hyundai Heavy Industries Co. Ltd.
Account Number - 1170400207303
Swift Code - koexkrse