School Fee Payments are arranged directly with the Admin Office.
HFS 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.
Registration Fee
A non-refundable Registration fee 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.
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.
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 Heavy Industries Discount
Students with a parent working with Hyundai Heavy Industries 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. In the event that a student is leaving and less than 2 weeks’ notice is given, HFS reserves the right to withhold the tuition fee refund.
Payment Calendar
The tuition fee for the 2024/25 school year 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.