Severance Pay Calculator
Estimate Korean statutory severance pay from service days, recent wages, bonus, unused leave, and ordinary wage.
Employment inputs
Dates are treated as local calendar dates to avoid timezone shifts.
Recent wage inputs
Enter the final three months of wages plus annual bonus and unused leave allowance.
3M KRW
3M KRW
3M KRW
3M KRW
1M KRW
Severance estimate
Formula: selected daily wage × 30 × service days ÷ 365.
About Severance Pay Calculator
The Severance Pay Calculator is a free, browser-based tool that estimates Korean statutory severance pay from your service period, recent wages, bonus, unused-leave allowance, and ordinary wage. All calculation runs entirely in your browser, so the figures you enter never leave your device.
It is built for employees and HR or payroll staff in Korea who want a quick estimate before a final settlement. You enter your employment start and end dates, weekly working hours, your final three months of wages, annual bonus, unused annual-leave allowance, and an optional ordinary daily wage.
The tool follows the standard formula: selected daily wage × 30 × service days ÷ 365. It computes average daily wage from the recent three-month total plus a 3/12 share of bonus and leave allowance, then uses whichever is higher between average daily wage and the ordinary daily wage you supply. It also flags service under one year and weekly hours below the common 15-hour threshold.
Results are estimates for reference, not professional financial, tax, or legal advice. The formula reflects Ministry of Employment and Labor guidance as of the displayed reference date; your actual payout can differ based on your specific employment terms, so confirm with your employer or a labor expert.
Frequently asked questions
- How is severance pay calculated here?
- It uses selected daily wage × 30 × total service days ÷ 365. The selected daily wage is the higher of your average daily wage (from the final three months of pay plus prorated bonus and leave allowance) and any ordinary daily wage you enter.
- Is my salary data sent anywhere?
- No. The calculator runs fully in your browser and performs every calculation locally, so the dates and wages you type are not uploaded or stored on a server.
- Can I rely on this for my actual settlement?
- Treat the result as a reference estimate, not legal or tax advice. Real payouts depend on your specific contract and circumstances, so confirm the final amount with your employer or a labor professional.