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Severance Pay Calculator

Average wage and estimated severance from your dates and pay

Wages for the last 3 months
Bonuses and leave allowance count toward average wage at 3/12 of the annual amount.
Estimated severance pay
0
Length of service0
3-month period0
Wage base0
Average daily wage0
Estimate only. Severance requires at least one year of continuous service and 15+ hours a week on average. Where the average wage falls below the ordinary wage, the ordinary wage is used instead โ€” check with your employer or a labour office for your actual entitlement.

Frequently asked questions

Who is entitled to severance pay in Korea?

Employees with at least one year of continuous service who work an average of 15 or more hours a week. Part-time and fixed-term staff qualify if they meet those conditions. Under one year, statutory severance does not apply.

How is the average wage calculated?

Total wages over the three months before leaving, divided by the calendar days in that period. That span is 89โ€“92 days depending on the months, so a fixed divisor gives a wrong answer. Bonuses and leave allowance count at 3/12 of the annual amount.

Can the real payout differ from this estimate?

Yes. If the average wage falls below the ordinary wage, the ordinary wage is used instead, and a defined-contribution retirement plan accrues differently. Confirm the exact figure with your employer or a labour office.

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