📦 Severance Pay Calculator

Calculate your statutory severance pay in Korea from your start date, last date and last three months of pay.

The day after your last working day
KRW
₩9M
KRW
KRW
Estimated severance pay (before tax)
₩8,812,388
Days of service1,096 days
Days in last 3 months92 days
Average daily wage₩97,826

Retirement income tax is withheld separately. If the average daily wage is lower than the ordinary wage, the ordinary wage is used instead.

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Severance pay formula

Severance = average daily wage × 30 days × (days of service ÷ 365). The average daily wage is total pay for the last 3 months (plus 3/12 of annual bonus and leave allowance) divided by the number of days in that period.