Severance Pay Calculator

Estimate Korean statutory severance pay from service days, recent wages, bonus, unused leave, and ordinary wage.

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Employment inputs

Dates are treated as local calendar dates to avoid timezone shifts.

Enter the day after your last working day. The retirement date is excluded from both periods.

hours

Recent wage inputs

Enter the final three months of wages plus annual bonus and unused leave allowance.

KRW

3M KRW

KRW

3M KRW

KRW

3M KRW

KRW

3M KRW

KRW

1M KRW

KRW

Severance estimate

Formula: selected daily wage × 30 × service days ÷ 365.

Service days1,579Calendar days from employment start up to, but excluding, the retirement date.
Final three-month days90
Average daily wage₩111,111111.11K KRW
Selected daily wage basis₩111,111Average daily wage is used.111.11K KRW
Estimated severance pay₩14,420,09114.42M KRW
Reference date: 2026-09-16. The formula follows Ministry of Employment and Labor guidance available on the reference date. This is not legal advice. Official calculator and example

About Severance Pay Calculator

Estimate Korean severance pay from service dates and wage inputs.

Enter the retirement date as the day after the last workday. Enter the actual combined wages for the preceding three-month window across the three wage fields.

Compare the estimate with payroll records and the official calculator; this is a pre-tax amount, not a determination of entitlement.

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Worked example

Input / settings
2014-10-02 → 2017-09-16; wages 2,360,000 in each field; annual bonus 4,000,000; annual leave allowance 300,000; ordinary daily wage 0; 40h/week
Action
Calculate
Result
1,080 service days; 92 days in the wage window; severance about 7,868,434 KRW.

Calculation model

Average daily wage = (three-month wages + annual bonus × 3/12 + eligible annual leave allowance × 3/12) / actual days in the preceding three-month window.

Estimate = max(average daily wage, ordinary daily wage) × 30 × service days / 365.

Scope and limits

  • Average wage includes 3/12 of annual bonus and eligible annual leave allowance. A larger ordinary daily wage replaces it. The form warns for fewer than 365 days or under 15 weekly hours but does not decide eligibility, leave exclusions, interrupted service or retirement income tax.

Frequently asked questions

Should I enter my last working day as retirement date?
No. Enter the following date. The retirement date is excluded from both service-day and preceding-wage-window calculations.

Sources and review dates

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