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mariaanceney
Joined: 07 Jan 2011
Location: 840 UNITED STATES
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 Posted: Tue Jan 17, 2012 3:35 am Post subject: |
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| 12ax7 wrote: |
| halophex wrote: |
I work at a hagwon - one of the larger chains in Korea. For the past 2 years they have required all new teachers to pay a 600,000won deposit (200,000 taken out of first three paychecks).
Standard procedure has been for the school to give back 400,000 when you finish your contract if you want the money before you leave Korea. If you want the school to give you the actual amount left over after paying for any of your outstanding bills, they claim they will wait one month and then wire the money to you in the States.
So far everyone who has finished their contract has taken the 400,000. And those who didn't finish their contract didn't get any of the deposit back - the school used it to pay for the airline ticket to Korea.
Here's the clause straight from the contract:
200,000won will be deducted from each of the Employee's first three paychecks for a total of 600,000won to be used as a security deposit.
This deposit will cover any unpaid services, bills, damage and airfare in the event that the Employee fails to pay or fails to fulfill 6 month of the Employee's contract. The Employer will hold the full amount of the security deposit until all bills are paid. The remaining amount will be returned to the Employee after all bills have been paid at the end of the contract. However, any Employee who renews the contract and has already paid the security deposit will not be required to pay the security deposit again. |
Not returning the full amount seems like they are making illegal subtractions from your salary. In any case, I know for a fact that the damage part is utter BS. Ask any of your Korean friends if they've ever heard of paying a damage deposit for an apartment. |
Isn't key money considered a damage deposit? |
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PaperTiger
Joined: 31 May 2005
Location: Ulaanbataar
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| Posted: Wed Jan 18, 2012 3:22 am Post subject: |
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| 12ax7 wrote: |
| halophex wrote: |
I work at a hagwon - one of the larger chains in Korea. For the past 2 years they have required all new teachers to pay a 600,000won deposit (200,000 taken out of first three paychecks).
Standard procedure has been for the school to give back 400,000 when you finish your contract if you want the money before you leave Korea. If you want the school to give you the actual amount left over after paying for any of your outstanding bills, they claim they will wait one month and then wire the money to you in the States.
So far everyone who has finished their contract has taken the 400,000. And those who didn't finish their contract didn't get any of the deposit back - the school used it to pay for the airline ticket to Korea.
Here's the clause straight from the contract:
200,000won will be deducted from each of the Employee's first three paychecks for a total of 600,000won to be used as a security deposit.
This deposit will cover any unpaid services, bills, damage and airfare in the event that the Employee fails to pay or fails to fulfill 6 month of the Employee's contract. The Employer will hold the full amount of the security deposit until all bills are paid. The remaining amount will be returned to the Employee after all bills have been paid at the end of the contract. However, any Employee who renews the contract and has already paid the security deposit will not be required to pay the security deposit again. |
Not returning the full amount seems like they are making illegal subtractions from your salary. In any case, I know for a fact that the damage part is utter BS. Ask any of your Korean friends if they've ever heard of paying a damage deposit for an apartment. |
Frequently employers or landlords will claim that such deposits cover cleaning fees...ask anyone who has ever lived in Korea if they've ever moved into a clean apartment. |
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PatrickBateman
Joined: 08 Jun 2009
Location: American Gardens Building, West 81st Street
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| Posted: Wed Jan 18, 2012 7:38 pm Post subject: Re: Do hagwons usually take an apartment deposit off you? |
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| ttompatz wrote: |
| kraggy wrote: |
..when you start working for them?
If so how much is it usually? The reason I ask is that I may look for a hagwon job but will not be able to do the whole 12 months and I'm worried about them keeping my deposit. |
If it is in the contract and you sign it then you can pretty much kiss it goodbye.
There aren't many who do but some, taking after the PS contracts havfe "deposits" ranging from 300k to 900k won.
It is not common and I wouldn't sign on with a hagwan who did do it.
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At my academy, they took 200k for the first three months, but after the completion of my contract, I got it all back. |
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12ax7
Joined: 07 Nov 2009
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| Posted: Wed Jan 18, 2012 9:21 pm Post subject: |
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| mariaanceney wrote: |
| 12ax7 wrote: |
| halophex wrote: |
I work at a hagwon - one of the larger chains in Korea. For the past 2 years they have required all new teachers to pay a 600,000won deposit (200,000 taken out of first three paychecks).
Standard procedure has been for the school to give back 400,000 when you finish your contract if you want the money before you leave Korea. If you want the school to give you the actual amount left over after paying for any of your outstanding bills, they claim they will wait one month and then wire the money to you in the States.
So far everyone who has finished their contract has taken the 400,000. And those who didn't finish their contract didn't get any of the deposit back - the school used it to pay for the airline ticket to Korea.
Here's the clause straight from the contract:
200,000won will be deducted from each of the Employee's first three paychecks for a total of 600,000won to be used as a security deposit.
This deposit will cover any unpaid services, bills, damage and airfare in the event that the Employee fails to pay or fails to fulfill 6 month of the Employee's contract. The Employer will hold the full amount of the security deposit until all bills are paid. The remaining amount will be returned to the Employee after all bills have been paid at the end of the contract. However, any Employee who renews the contract and has already paid the security deposit will not be required to pay the security deposit again. |
Not returning the full amount seems like they are making illegal subtractions from your salary. In any case, I know for a fact that the damage part is utter BS. Ask any of your Korean friends if they've ever heard of paying a damage deposit for an apartment. |
Isn't key money considered a damage deposit? |
Nope. Two different things. It's not a deposit per say but a means of paying rent. The landlord invests it (or more likely deposits it in his or her bank account to reduce the amount of interest he or she has to pay on the mortgage). If you register it with city hall it's insured to up to 14 million won. If you don't get all of your key money back, you should file a complaint with them.
Last edited by 12ax7 on Wed Jan 18, 2012 9:37 pm; edited 1 time in total |
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12ax7
Joined: 07 Nov 2009
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| Posted: Wed Jan 18, 2012 9:32 pm Post subject: |
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| PaperTiger wrote: |
| 12ax7 wrote: |
| halophex wrote: |
I work at a hagwon - one of the larger chains in Korea. For the past 2 years they have required all new teachers to pay a 600,000won deposit (200,000 taken out of first three paychecks).
Standard procedure has been for the school to give back 400,000 when you finish your contract if you want the money before you leave Korea. If you want the school to give you the actual amount left over after paying for any of your outstanding bills, they claim they will wait one month and then wire the money to you in the States.
So far everyone who has finished their contract has taken the 400,000. And those who didn't finish their contract didn't get any of the deposit back - the school used it to pay for the airline ticket to Korea.
Here's the clause straight from the contract:
200,000won will be deducted from each of the Employee's first three paychecks for a total of 600,000won to be used as a security deposit.
This deposit will cover any unpaid services, bills, damage and airfare in the event that the Employee fails to pay or fails to fulfill 6 month of the Employee's contract. The Employer will hold the full amount of the security deposit until all bills are paid. The remaining amount will be returned to the Employee after all bills have been paid at the end of the contract. However, any Employee who renews the contract and has already paid the security deposit will not be required to pay the security deposit again. |
Not returning the full amount seems like they are making illegal subtractions from your salary. In any case, I know for a fact that the damage part is utter BS. Ask any of your Korean friends if they've ever heard of paying a damage deposit for an apartment. |
Frequently employers or landlords will claim that such deposits cover cleaning fees...ask anyone who has ever lived in Korea if they've ever moved into a clean apartment. |
Often, tenants will hire a cleaning service to clean the apartments before they move in. It's typically 50 000won per day per maid. You can throw several million won on top of that if they renovate (the landlord pays if it's a rental).
Last edited by 12ax7 on Wed Jan 18, 2012 9:40 pm; edited 2 times in total |
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12ax7
Joined: 07 Nov 2009
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| Posted: Wed Jan 18, 2012 9:37 pm Post subject: |
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| mariaanceney wrote: |
| 12ax7 wrote: |
| halophex wrote: |
I work at a hagwon - one of the larger chains in Korea. For the past 2 years they have required all new teachers to pay a 600,000won deposit (200,000 taken out of first three paychecks).
Standard procedure has been for the school to give back 400,000 when you finish your contract if you want the money before you leave Korea. If you want the school to give you the actual amount left over after paying for any of your outstanding bills, they claim they will wait one month and then wire the money to you in the States.
So far everyone who has finished their contract has taken the 400,000. And those who didn't finish their contract didn't get any of the deposit back - the school used it to pay for the airline ticket to Korea.
Here's the clause straight from the contract:
200,000won will be deducted from each of the Employee's first three paychecks for a total of 600,000won to be used as a security deposit.
This deposit will cover any unpaid services, bills, damage and airfare in the event that the Employee fails to pay or fails to fulfill 6 month of the Employee's contract. The Employer will hold the full amount of the security deposit until all bills are paid. The remaining amount will be returned to the Employee after all bills have been paid at the end of the contract. However, any Employee who renews the contract and has already paid the security deposit will not be required to pay the security deposit again. |
Not returning the full amount seems like they are making illegal subtractions from your salary. In any case, I know for a fact that the damage part is utter BS. Ask any of your Korean friends if they've ever heard of paying a damage deposit for an apartment. |
Isn't key money considered a damage deposit? |
Nope. Two different things. It's not a deposit per say but a means of paying rent. The landlord invests it (or more likely deposits it in his or her bank account to reduce the amount of interest he or she has to pay on the mortgage). If you register it with city hall, it's insured to up to 14 million won. If you don't get all of your key money back, you should file a complaint with them. |
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