How it works
Korea Statutory Severance Pay Calculator formula
Daily average wage × 30 × (continuous service days ÷ 365)
Daily average wage is the final three months’ wages divided by calendar days in that period.
Pay & Work calculator
Korea Statutory Severance Pay Calculator
Estimates South Korean statutory severance pay using employment dates and wages during the final three months.
STEP 1
Enter your values
RESULT
₩12,335,468Estimated statutory severance pay
Estimate based on continuous service and final-three-month average wages.
Daily average wage₩114,130
Continuous service1,315 days
Equivalent service years₩3,423,913
Eligibility generally requires at least one year of continuous service and an average of 15 contracted hours per week.
Example
Example calculation
If final-three-month wages total KRW 10.5m over 92 days, divide those values to find the daily average wage.
- Standard
- South Korea Employee Retirement Benefit Security Act basic formula
- Last reviewed
- August 10, 2026
Standards and sources
Calculated from official or reliable reference material.
Questions
Korea Statutory Severance Pay Calculator FAQ
What should I enter in the Korea Statutory Severance Pay Calculator?
Enter the requested values and the result will update immediately. Review the formula, assumptions and exclusions below the result.
Is the result an official amount?
No. It is an estimate based on the entered conditions and stated assumptions. Confirm important tax, insurance, employment or financial decisions with the relevant institution or a qualified professional.
Are Korean rules used?
Yes. This calculator applies commonly applicable South Korean rules reviewed for 2026.
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Useful next steps