TUITION AND FEES

2021-2022 School fees

Full tuition and fee detail, including payment information of school fees, Instructions, bank numbers are available here.

 

School fees New Student Re-Enrolled student

Application fee

(Payable upon Application)

KRW300,000 or USD300.00 KRW300,000 or USD300.00

Enrollment fee

(One-time fee, Non-refundable, Payable upon acceptance)

KRW500,000 N/A

Technology Development Fee

(One-time fee, Non-refundable, this fee for all students enrolling or entering into Kindergarten class or higher)

KRW2,000,000 KRW2,000,000

Capital Development Fee

(Non-refundable fee)

KRW2,000,000 KRW1,000,000

 

 

 

2021-22 Tuition 

Grades
Payment Frequency
Tuition
USD($)
Plus KRW(₩)
ELEMENTARY SCHOOL Early Years 1-2 Annual $ 8,000 Plus 11,970,000
Semi-annual $ 4,120 Plus 6,170,000
Kindergarten-Grade 5 Annual $ 11,780 Plus 17,600,000
Semi-annual $ 6,070 Plus 9,060,000
SECONDARY SCHOOL Grade 6 – 8 Annual $ 11,950 Plus 17,770,000
Semi-annual $ 6,160 Plus 9,150,000
Grade 9 – 10 Annual $ 13,130 Plus 19,700,000
Semi-annual $ 6,760 Plus 10,140,000
Grade 11 – 12 Annual $ 13,700 Plus 20,260,000
Semi-annual $ 7,060 Plus 10,430,000

* Please note that the school requires the payment of tuition to be made in BOTH currencies (Korean won and US dollar) in the amounts specified above.

 

 

 

2021-22 Other fees

School Lunch (Optional)
Payment Frequency
School Bus (Optional)
Grades
KRW(₩) Area KRW(₩)
ELEMENTARY SCHOOL
Early Years 1-2
882,000 Annual Busan 2,980,000
441,000 Semi-annual 1,490,000
Kindergarten-Grade 5
1,134,000 Annual Ulsan 5,070,000
567,000 Semi-annual 2,535,000
SECONDARY SCHOOL
Grade 6 – 12
1,314,000 Annual Geoje 5,500,000
657,000 Semi-annual 2,750,000
* Sports: Each student needs to purchase a set of sports uniforms for PE and sports lessons.

 

Refund (2021-22)

When applicable, a refund of fees will be applied as follows:

1) During the 1st Semi-Annual: If full-year prepaid, 1st Semi-Annual school fee rate will be charged and the balance will refund.
2) 1st half of a Semi-Annual: prorated refund, minus 10% administration charge.
3) 2nd half of a Semi-Annual: No refund.

Term of School Year 2021-22
Annual: 16-Aug-2021 ~ 16-Jun-2022
1st Semi-Annual 2nd Semi-Annual
1st half 2nd half 1st half 2nd half
16. Aug.2021 ~ 22-Oct-2022 25. Oct.2021 ~ 21-Jan-2022 24. Jan.2022 ~  30. Mar.2022 31. Mar.2022 ~ 16. Jun. 2022
No Refund No Refund

 

 

 

 

Payment of School Fees & Instructions

Please note that the school requires that payment of tuition be made in BOTH currencies (Korean won and US dollar) in the amounts billed.

Payment can be made by (1) bank transfer to the KEB Hana Bank account number on your student’s tuition and school fees invoice (different account by currency), (2) in cash paid at the Finance office. Please do not mail cash. Parents are responsible for all bank fees, charges, and clearing costs.
Please include the name of the child/invoice number so that we may identify your payment.

(1) bank transfer
Please ensure the student’s name and(Or) student’s number are referenced on your remittance to enable us to credit the student’s account accordingly. An invoice showing Tuition and other Fees billed, as well as the respective account numbers by currency will be provided by the Finance office. Kindly email your bank confirmation advice to [email protected] Please use the following bank details.

Bank Name Hana Bank
Branch Name Jangsan-yeok Branch
Account Number  (KRW Account) 329-890010-46004
Account Number  (USD Account) 329-890023-76438
SWIFT Code KOEXKRSE
Bank Address 48, Sesil-ro, Haeundae-gu, Busan, South Korea 48110
Bank Contact Tel: +82 51 722 1111
Fax: +82 51 702 8633
Beneficiary Name International School of Busan (부산국제외국인학교)
Beneficiary Address 50 Gijang-daero, Gijang-eup, Gijang-gun, Busan, South Korea 46081
Beneficiary Contact Tel: +82 51 720 1138 / 1110
Fax: +82 51 724 3663

(2) in cash
Please keep the receipt after you made the payment. Please be advised that the school has the right to request your receipt as proof of payment.

Payment Due Dates

(1) RETURNING STUDENTS

1. To continue enrollment at International School of Busan in the 2021-22 school year, any amounts owed for the 2020-21 school year or for any previous academic years must first be cleared. A non-refundable re-enrollment payment of KRW 2,000,000 must be made on or before February 28, 2021. The re-enrollment payment will be applied to the tuition due for the 2021-22 school year.
2. The first invoice (all payment types) for the 2021-22 academic year is due on or before July 31, 2021
3. The second invoice (2nd Semi-Annual) for the 2021-22 academic year is due on or before January 10, 2022

 

(2) NEWLY ENROLLED STUDENTS

Payment of all tuition and fees is due as per the tuition and fee statement forwarded to your email account.

 

(3) LATE FEES

A late fee for the outstanding balance can be charged for any payments received after the applicable due date.

 

(4) OUTSTANDING PAYMENTS

Students with outstanding accounts may have their school attendance privileges revoked by the school until such time as their accounts are current. If any payment remains upon withdrawal from the school, no transcripts, transfers, or other records will be released until full payment is received.

 

 

PLEASE NOTE: In the event of FORCE MAJEURE, which causes a student or students to withdraw from the School, tuition and fees already paid for the school, and normally partially refunded in accordance with the Refund Policy, will not be refunded and any tuition and fees that are unpaid will be due and payable. Force majeure is defined as an event or effect, such as war, civil strife, labor unrest, or extreme weather, that cannot be reasonably anticipated or controlled by the school and would adversely affect the school`s financial condition. This policy is necessary to ensure the financial stability of the School and to provide resources for continued operations after the force majeure event has passed. Appeals of the application of this policy in an individual case may be made to the Legal/Financial Committee of the Board of Governors of the International School of Busan.