In some cases, contracts, etc., are notarized in order to have more certain legal effect. The cost of such notarization is set by law to some extent. I checked the notary fee table to see how much the notarial fee is.
Notary Costs Fees (Rates Table)
What is Notary?
Notarization is a quasi-legislative act of the administrative circuit. 공증 비용
It is an administrative act that publicly proves the existence of a specific fact or legal relationship. 좋은뉴스
Notary Costs Fees (Rates Table)
In the case of notarization, the effect of compulsory execution without trial can be granted, and if the notarization is performed after the contract is written, it can also prevent disputes from occurring.
Fact confirmation form, how to fill it out, notarized legal effect? (download)
notary
Notary Costs Fees (Rates Table)
A notary public can be a notary public, not anyone, but a person appointed by the Ministry of Justice.
Notaries include appointed notaries and authorized notaries, and judges, lawyers, and prosecutors with more than 10 years of legal experience can apply to become appointed notaries. The term of office is five years, and there is a retirement age of 75.
Notary fee fee
In accordance with Article 7 of the Notary Public Act, notary public fees, daily wages, travel expenses, actual expenses, and storage fees are determined by the Ordinance of the Ministry of Justice.
[Fees for preparing certificates for legal acts]
Fees for legal acts and commissions for drafting certificates to write the will to be compulsorily executed on bills and checks.
Purpose of legal action, value of bills and checks Notarization fee
11,000 won up to 2 million won
22,000 won up to 5 million won
~10 million won 33,000 won
~15 million KRW 44,000 KRW
Over KRW 15 million
Excess amount +3/2000 (not exceeding 3 million won)
Here, the value refers to the value at the time the deed preparation commences.
Memorandum of payment form, legal effect, and how to write
[In case of request from both parties, unilateral request]
In the case of a request from both parties, the fee is borne by both parties.
In the case of a unilateral contract, the value to be paid by the contractor is calculated as the objective value.
Notary Costs Fees (Rates Table)
[Fixed Date Fee]
The fixed date fee is about 1,000 won.
[Matters on the ownership and management of collective buildings]
The following fees are regulated for collective building site rights, etc.
number of whole milk parts
Notary fee cost
4,400 won for each portion up to 10
2,300 won for each portion exceeding 10 and up to 50
1,700 won for each portion over 50 and up to 100
1,100 won for each portion exceeding 100
The number of buildings in the complex is 9,000 won for each building up to 5, and 4,000 won for each partial building exceeding 5.
[Certificate of fact]
The amount of KRW 25,000 per hour required for the preparation of a certificate on a fact other than a legal act.
If it exceeds 1 hour, 5,000 won will be added to the fee for each additional hour.
IOU form, how to write it, what is the legal effect? (free download)
[warrant]
The fee is 10,000 won if you write a power of attorney, receipt, or certificate of refusal.
If you exceed 1 hour, 3,000 won will be added for each additional hour.
The power of attorney certification fee is KRW 3,000.
Notary Costs Fees (Rates Table)
[Certification fee]
The certification certificate preparation fee is 50% of the certificate preparation fee and cannot exceed 500,000 won.
In the case of oath certification, it cannot exceed 750,000 won.
In the case of a private certificate written in a foreign language, the fee is doubled and cannot exceed 1 million won.
[per diem, travel expenses]
If a notary public is on a business trip and needs to notarize, the daily wage is 50,000 won for less than 4 hours and 100,000 won for more than 4 hours.
Railroad fares are first-class passenger fares, and airfare, car, and lodging expenses are determined based on actual expenses.
Above, we learned about the fee schedule for notarization fees.
It is better to ask a related expert for a quote on the notarization fee that suits your situation. More details can be found in [Notary Fee Rules].