10% lowerKRW 9,450,000
Estimated statutory severance pay
₩11,101,921Pay & Work calculator
Korea Statutory Severance Pay Calculator
Estimates South Korean statutory severance pay using employment dates and wages during the final three months.
Korean terms on this page
Tap a term for a plain-English explanation.
퇴직금Statutory severance pay＋
A Korean retirement benefit generally owed to eligible employees after at least one year of continuous service.
평균임금Average wage＋
A statutory daily wage measure commonly based on wages and calendar days in the three months before retirement.
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.
WHAT IF
What changes when Total wages in final 3 months changes?
Compare the main result without re-entering every field.
Current inputKRW 10,500,000
Estimated statutory severance pay
₩12,335,46810% higherKRW 11,550,000
Estimated statutory severance pay
₩13,569,014Input guide
What each value means
Employment start date
Use the amount or value shown on the relevant contract, statement or record.
Retirement date
Enter the day after your final working day.
Total wages in final 3 months
Use the amount or value shown on the relevant contract, statement or record.
Calendar days in final 3 months
Use the amount or value shown on the relevant contract, statement or record.
Average contracted hours per week
Use the amount or value shown on the relevant contract, statement or record.
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.
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
- September 27, 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.
Related searchesKorea severance payretirement benefitaverage wageone year employment
Useful next steps