Labor & Pay

Severance Pay Calculator (Korea)

Estimate your Korean statutory severance pay from your hire date, last day and recent pay

Estimate your severance pay

2026 figures under Korean law · employees under the severance pay system (retirement income tax excluded)

Enter the last day you worked. The calculator adds one day automatically to get the retirement date

4-week average of weekly scheduled hours (under 15 hours per week is not covered)

Before tax, including base pay and all allowances

Total bonuses received in the last 12 months (3/12 is added)

Settlement amount for unused leave (3/12 is added)

Advanced options

If it is higher than your average daily wage, the ordinary wage is used. Monthly ordinary wage ÷ 209 × 8 hours

If you had periods excluded from the wage calculation or from your service days (for example parental leave), use the official calculator: Ministry of Employment and Labor severance pay calculator (opens in a new tab)