※ All amounts below are based on 2022.
Purpose of legal action or value of bills and checks Fees
11,000 won up to 2 million won
22,000 won up to 5 million won
Up to 10 million won 33,000 won
44,000 won up to 15 million won
When exceeding 15 million won, 3/2,000 of the excess amount shall be added, but not exceeding 3 million won 공증 비용
Check IOU Execution Fees and Requirements 좋은뉴스
The above fees are ‘statutory fees’ as listed in the ‘Notary Fee Rules’. Since it is stipulated by law (rules), the cost is the same no matter which public notary office you go to nationwide. In other words, some offices are expensive for notarization, and some offices are not cheap. The ‘Notarization of IOU’, which we often refer to, means the ‘Notarized Deed of Money Consumption Loan’, which contains the ‘approval of compulsory execution’ and can be granted an execution statement. (You can get an IOU as a librarian certification, but it cannot be enforced.)
Then, let’s calculate the notarization fee for the 30 million won ‘Notarized Deed of Loan for Money’. First of all, we need to set a target value, which is 60 million won, not 30 million won. This is because the notarial deed of loan for money consumption is a ‘bilateral contract’ in which both parties bear the obligations, so they must be added together. (Refer to Article 5 of the Notary Fee Rule) Therefore, in this case, KRW 44,000 will be charged for up to KRW 15 million. Then, for 45 million won exceeding 15 million won, multiply by 3/2000, that is, 0.0015, to get 67,500 won (45 million won * 0.0015). The total is 44,000 + 67,500 won = 111,500 won.
Here, a notarial deed ‘additional fee’ of 500 won is added. The original notarial deed consists of a total of 6 sheets, in this case, 5 sheets excluding the cover with no fee. Up to 4 sheets are free, but from 5 sheets, an additional fee of 500 won per sheet is added. Since this is the ‘original’ of the notarial deed, it is supposed to be kept at the notary public office. And the creditor is issued a ‘Authentic Copy’ of the notarial deed, and the debtor is issued a ‘deungbon’ (a copy of the authentic copy). The authentic and certified copy of this notarial deed is made up of 7 copies in total by adding one copy marked as authentic copy or certified copy to the 6 copies of the original.
In other words, excluding the cover, it becomes 6 sheets, so 500*6 sheets = 3,000 won issuance fee for authentic copy and certified copy. This is because, unlike the original copy, an unconditional fee of 500 won per copy issuance is attached (refer to Article 24 of the Notary Fee Rule). In the end, the cost of notarization of the money consumption loan of 30 million won is as follows.
30 million Won Money consumption loan Example of notary cost
Classification Fee Total
Basic commission 111,500 won 118,000 won
(If a representative came
Notice Postage 2,500 won added)
500 won additional fee
Authentic copy issuance fee 3,000 won
Certified copy issuance fee 3,000 won
*** In the case of a representative *** Postage for notification to the principal 2,500 won
In the end, the fee for the notarial certificate of loan for money consumption according to the amount is as shown in the table below.
Notarized amount of loan for monetary consumption Fee Notarized amount of loan for monetary consumption Fee
5,000,000 33,000 300,000,000 921,500
10,000,000 51,500 350,000,000 1,071,500
15,000,000 66,500 400,000,000 1,221,500
20,000,000 81,500 450,000,000 1,371,500
30,000,000 111,500 500,000,000 1,521,500
40,000,000 141,500 550,000,000 1,671,500
50,000,000 171,500 600,000,000 1,821,500
60,000,000 201,500 650,000,000 1,971,500
70,000,000 231,500 700,000,000 2,121,500
80,000,000 261,500 750,000,000 2,271,500
90,000,000 291,500 800,000,000 2,421,500
100,000,000 321,500 850,000,000 2,571,500
150,000,000 471,500 900,000,000 2,721,500
200,000,000 621,500 950,000,000 2,871,500
250,000,000 771,500 1 billion won or more 3 million won (upper limit)
※ Additional fee of KRW 500, issuance fee of KRW 6,000 for authentic copies (for creditors), KRW 6,000 for issuance of certified copies (for debtors), and additional fee of KRW 2,500 for postal notification to the principal when an agent arrives.
※ In the case of so-called ‘business trip notarization’ that directly calls a notary public, the following costs are additionally incurred. (See Article 29 of the Notary Fee Rules)
1. Daily rate: 50,000 won for less than 4 hours, 100,000 won for more than 4 hours.
2. Rail fare or seniority: 1st class passenger fare. However, if the fare does not have a grade, the fare required for boarding or boarding
3. Airfare or car fare: Actual cost
4. Accommodation expenses: actual expenses