Leaving a job in Korea? Korean law requires employers to pay severance (퇴직금) after one year of service. Enter your start date, end date, and salary to estimate what you are owed.
Korea Severance Pay Calculator Standard formula
KRW
KRW
KRW
Estimated severance
0 원
Service: - (0 days)
| Average daily wage | 0 |
| 30 days of wages | 0 |
| Bonus added ×3/12 | 0 |
| Leave pay added ×3/12 | 0 |
| Averaging period last 3 months | 0 |
Less than 1 year of continuous service does not qualify for statutory severance.
Calculates automatically. This is an estimate — actual severance varies with pay structure, excluded periods, and legal interpretation.
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How Korean severance is calculated
Severance = average daily wage × 30 days × (days of service ÷ 365)
The key figure is your average daily wage — total wages over the last 3 months divided by the number of days in that period.
- Average daily wage = (wages over last 3 months) ÷ (days in that period)
- Bonus — 3/12 of the last 12 months' bonuses is added to the base
- Unused leave pay — likewise, 3/12 is added
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Things to know
- You need at least 1 year of continuous service to qualify.
- If your average wage is lower than your ordinary wage, the higher one is used (in your favor).
- Excluded periods (e.g. parental leave) can change the calculation.
- If your company uses a DC-type retirement pension, the calculation differs.
This calculator includes bonuses and leave pay for a closer estimate, but your actual payout depends on your pay structure.
For an exact figure, check with the Ministry of Employment and Labor's calculator or your payroll department. This is general information, not legal advice.
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