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Are housing deposits normal?
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Mike410



Joined: 23 Sep 2011
Location: Canada

PostPosted: Mon Nov 14, 2011 4:51 am    Post subject: Reply with quote

I guess it's all a matter of who is going to be the trusting one...the teacher or hagwon..
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jrwhite82



Joined: 22 May 2010

PostPosted: Mon Nov 14, 2011 6:40 am    Post subject: Re: Are housing deposits normal? Reply with quote

ThingsComeAround wrote:
TheUrbanMyth wrote:

However they are legal here ONLY if you agree to them. The employer can NOT unilaterally take out money from your pay for such a purpose if there is no such clause or the clause was removed prior to signing.


The employer can also choose not to employ you if you alter the contract~ pretty much binding to me!


I think what TUM is saying is that an employer can't just take out 600,000W from your salary one month because he decides to take a deposit from you, while your contract never mentioned it or the clause was removed prior to you both signing it. So you've already moved past the choosing to employ you or not stage.
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Munniko



Joined: 04 May 2011

PostPosted: Mon Nov 14, 2011 7:28 am    Post subject: Reply with quote

I find the deposit semi-reasonable, but frustrating at the same time. I understand this will help the new person out when I leave in case bills come that belong to me (this happened like the first week I got here I got a water bill and was like wtf) but I would also appreciate it if they would actually use it to fix the apartment when the previous tenant actually broke something.....like my toilet seat so I don't have to go out and buy one. Seriously, not cool to leave someone hanging like that after I complained several times.
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pkang0202



Joined: 09 Mar 2007

PostPosted: Mon Nov 14, 2011 8:31 am    Post subject: Reply with quote

Dude, I pay 5 Million as a deposit on my housing. Granted, its under my name.

I would gladly take my 5 million back, and pay just 600,000w as a deposit anytime, anywhere.
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TheUrbanMyth



Joined: 28 Jan 2003
Location: Retired

PostPosted: Mon Nov 14, 2011 6:32 pm    Post subject: Re: Are housing deposits normal? Reply with quote

jrwhite82 wrote:
ThingsComeAround wrote:
TheUrbanMyth wrote:

However they are legal here ONLY if you agree to them. The employer can NOT unilaterally take out money from your pay for such a purpose if there is no such clause or the clause was removed prior to signing.


The employer can also choose not to employ you if you alter the contract~ pretty much binding to me!


I think what TUM is saying is that an employer can't just take out 600,000W from your salary one month because he decides to take a deposit from you, while your contract never mentioned it or the clause was removed prior to you both signing it. So you've already moved past the choosing to employ you or not stage.



This. He's only your employer once he hires you.
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I-am-me



Joined: 21 Feb 2006
Location: Hermit Kingdom

PostPosted: Mon Nov 14, 2011 8:58 pm    Post subject: Reply with quote

pkang0202 wrote:
Dude, I pay 5 Million as a deposit on my housing. Granted, its under my name.

I would gladly take my 5 million back, and pay just 600,000w as a deposit anytime, anywhere.


I paid 5 million, but I know I will get it back. With a shady hagwon they might keep it just for a parent complaining or losing a few kids at the school. You really have to put a lot of trust in a hagwon to do it.
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hagwonnewbie



Joined: 09 Feb 2007
Location: Asia

PostPosted: Mon Nov 14, 2011 9:14 pm    Post subject: Reply with quote

A year ago I signed a contract that had no deposit.

A couple days after I arrived I was asked to sign the official contract that included a 600,000 won deposit.

The place I'm at now has a 900,000 won deposit.

I think these deposits are becoming standard.
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