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DrugstoreCowgirl
Joined: 08 May 2009
Location: Daegu-where the streets have no name
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 Posted: Wed Oct 21, 2009 10:15 pm Post subject: EPIK Housing Deposits |
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| I know some hagwons like to try to get you to pay housing deposits, which you shouldn't, but I was wondering how many people in public schools have to pay one. In Daegu we have to pay 300,000 a month for the first two (maybe 3?) months. We get the money back at the end, but still it's a big chunk of our paycheck! My friend in Busan said there is no housing deposit in their contracts, so I'm wondering if it's a Daegu thing or if there are a lot of other places that require one. |
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Alaskaman
Joined: 22 Sep 2009
Location: Bundang-Gu, South Korea
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| Posted: Wed Oct 21, 2009 11:16 pm Post subject: |
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| Most if not all require you to put down a deposit. I am in GEPIK and we have to pay 300k a month for the first 3 months and we as well will get this back at the end of the contract if you will not renew at the same school. If you renew at the same school the money is held over unitl the time that you are no longer renewing with them. |
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buildbyflying
Joined: 01 Sep 2004
Location: To your right. No, your other right.
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| Posted: Thu Oct 22, 2009 12:52 am Post subject: |
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| My deposit in Seoul is 500k. Guess compared to 300k three months in a row, I can't complain. |
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roadwork
Joined: 24 Nov 2008
Location: Goin' up the country
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| Posted: Thu Oct 22, 2009 3:09 am Post subject: |
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| buildbyflying wrote: |
| My deposit in Seoul is 500k. Guess compared to 300k three months in a row, I can't complain. |
No need to complain. It's all returned after you finish. |
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vonnegutjr
Joined: 24 Mar 2009
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| Posted: Thu Oct 22, 2009 3:41 pm Post subject: |
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The EPIK Daegu contract and other contracts are not a housing deposit. It's a deposit on you. No running  |
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TheUrbanMyth
Joined: 28 Jan 2003
Location: Retired
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| Posted: Thu Oct 22, 2009 4:05 pm Post subject: |
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| Can't speak for other EPIK-type contracts...but the 2009 EPIK (EPIC) contract (in chungnam) has no housing deposit. |
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Draz
Joined: 27 Jun 2007
Location: Land of Morning Clam
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| Posted: Thu Oct 22, 2009 4:19 pm Post subject: |
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| TheUrbanMyth wrote: |
| Can't speak for other EPIK-type contracts...but the 2009 EPIK (EPIC) contract (in chungnam) has no housing deposit. |
It does if you're working for an elementary school, or so they told me when I wanted to change jobs. I moved on instead. No need to worry about it in a perfect world. |
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cruisemonkey
Joined: 04 Jul 2005
Location: Hopefully, the same place as my luggage.
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| Posted: Thu Oct 22, 2009 4:44 pm Post subject: |
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| vonnegutjr wrote: |
| The EPIK Daegu contract and other contracts are not a housing deposit. It's a deposit on you. No running |
No shit! 'Deposits' are illegal.
Certain public employers require them for two reasons: they have as much respect for the law as they do their employees (attitudes like 'Alaskaman's & 'roadworks' only serve to re-enforce this practice because no one has yet challenged it in court); and, they aren't stupid. Not only do 'deposits' serve to hold POed waygooken 'hostage', if one takes W900,000 from each foreigner and invests it at 6% interest...
'Mr. Kim' thanks you.  |
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TheUrbanMyth
Joined: 28 Jan 2003
Location: Retired
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| Posted: Thu Oct 22, 2009 6:04 pm Post subject: |
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| Draz wrote: |
| TheUrbanMyth wrote: |
| Can't speak for other EPIK-type contracts...but the 2009 EPIK (EPIC) contract (in chungnam) has no housing deposit. |
It does if you're working for an elementary school, or so they told me when I wanted to change jobs. I moved on instead. No need to worry about it in a perfect world. |
Some schools like to add that in of their own initiative. But last time I checked on-line the official 2009 chungnam contract had no deposit. |
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TheUrbanMyth
Joined: 28 Jan 2003
Location: Retired
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| Posted: Thu Oct 22, 2009 6:09 pm Post subject: |
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| cruisemonkey wrote: |
| vonnegutjr wrote: |
| The EPIK Daegu contract and other contracts are not a housing deposit. It's a deposit on you. No running |
No shit! 'Deposits' are illegal.
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They are only illegal if they take it from you without your approval. Like sick days, deposits are a contractual issue...you sign the contract with them in there, then they are legal. Just as a contract is perfectly legal if you sign one that has no sick days.
However if you should leave early, you should still get the deposit back...they can't keep it as Article 20 of the KLSA forbids this. |
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cruisemonkey
Joined: 04 Jul 2005
Location: Hopefully, the same place as my luggage.
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| Posted: Thu Oct 22, 2009 7:38 pm Post subject: |
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| TheUrbanMyth wrote: |
| cruisemonkey wrote: |
| vonnegutjr wrote: |
| The EPIK Daegu contract and other contracts are not a housing deposit. It's a deposit on you. No running |
No shit! 'Deposits' are illegal. |
They are only illegal if they take it from you without your approval. Like sick days, deposits are a contractual issue...you sign the contract with them in there, then they are legal. Just as a contract is perfectly legal if you sign one that has no sick days. |
I fail to follow your logic here TUM - one can't compare 'something' to 'naught'.
Labor Standards Act
Article 27 (Prohibition of Predetermination of Nonobservance)
An employer shall not enter into any contract by which a penalty or indemnity for possible damages incurred from nonobservance of a labor contract is predetermined.
The fact any (amount of) wages are withheld constitutes predetermination. All public contracts contain an indemnity article, thus making 'housing deposits' illegal.
| TheUrbanMyth wrote: |
| However if you should leave early, you should still get the deposit back...they can't keep it as Article 20 of the KLSA forbids this. |
WTF? Article 20 is - Definition of Contractual Working Hours. Am I reading the wrong (unamended) version of the LSA... what do working hours have to do with housing deposits? 
Bottom line - anywhere in the world, possession is 9/10ths of the law. The vast majority of public employers will not fail to (eventually) return the deposit (sans interest). However, should a dispute be factored into the equation that leads to resignation or dismissal... |
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