Korean severance pay calculator
Estimate Korean gross severance pay from service dates and wages, including the ordinary-wage floor.
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Result
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Good to know
For ordinary cases with at least one year of continuous service and an average contractual week of 15+ hours. End date is the day after the last working day. Excluded periods, leave and interim settlements are unsupported. Enter 0 if daily ordinary wages are unknown; the result is provisional.
Employment start: 2014-10-02 End date (day after last working day): 2017-09-16 Total wages in preceding 3 months (KRW): 7080000 Eligible annual bonus (KRW): 4000000 Eligible annual unused-leave pay (KRW): 300000 Daily ordinary wages (KRW, 0 if unknown): 0 Average contractual week is 15+ hours, with no excluded periods or interim settlements.: true
Understand and use your results
Estimate gross severance under the usual Korean formula. The averaging period and ordinary-wage floor make the wage basis visible so you can check it against payroll records.
How to use it
- Enter the start date and the day after the final working day, then collect wages for the preceding three calendar months.
- Enter eligible annual bonus and leave pay, plus daily ordinary wages.
- Confirm eligibility assumptions and inspect the averaging period, day count and gross estimate.
Worked example
2014-10-02 → 2017-09-16 (exclusive) Wages 7,080,000 · bonus 4,000,000 · leave 300,000 KRW Daily ordinary wages unknown (0)
Service: 1,080 days Averaging period: 2017-06-16–2017-09-15 (92 days) Average daily wages: 88,641.30 KRW
Inputs follow the ministry’s worked example: (7,080,000 + 4,000,000×3/12 + 300,000×3/12) ÷ 92 gives average daily wages. Severance = greater of average or ordinary daily wages × 30 × service days ÷ 365. Three calendar months are not always 90 days.
Which cases need a more detailed calculation?
Service below one year is rejected. Mixed periods below 15 contractual hours/week, excluded periods such as certain leave, or interim settlements need separate assessment. Include only eligible annual leave pay, not all leave compensation newly triggered by retirement. Unknown ordinary wages entered as 0 can underestimate the result. Confirm the final amount with the labor ministry or a qualified labor professional.