Enter your hire date, retirement date, base pay and bonus from the last 3 months, and remaining annual leave days to estimate your average daily wage, expected severance pay, and unused leave allowance under Korean labor law.
Enter the details above to estimate your severance pay.
Employees with less than 1 year of continuous service are not legally entitled to severance pay in Korea, so the amount below is shown as 0.
Estimate only. Average daily wage = (base pay + bonus for the last 3 months) ÷ number of calendar days in that period. Severance pay = average daily wage × 30 × (days of service ÷ 365). Unused leave allowance = average daily wage × remaining leave days. Actual amounts may differ depending on company policy, allowances not entered here, and the comparison with ordinary wage (통상임금) required by law. This is not legal or financial advice.
Under Korean labor law, any employee who has worked at least one continuous year is legally entitled to severance pay upon leaving, roughly equivalent to one month's average wage for each year worked. This tool estimates your expected severance pay and any unused annual leave payout based on your employment dates and recent wage history.
The calculation starts with your average daily wage over the most recent 3 months (recent base salary plus bonuses), then applies the standard formula: average daily wage × 30 days × total days employed ÷ 365. This reflects the legal minimum — if your employer's policy or a collective agreement is more generous, your actual payout may be higher.