How is Korean severance pay calculated?

Statutory severance = 1-day average wage × 30 × (total service days ÷ 365). The average daily wage is the total pay for the last 3 months (plus 3/12 of annual bonus and leave allowance) divided by the calendar days in that period.

Do I get severance for less than one year of work?

No. Statutory severance pay applies only after at least one continuous year of service (365+ days). Under one year, no legal severance is due.

Is the estimate exact, and is tax included?

It is a pre-tax estimate. Retirement income tax (퇴직소득세) is withheld separately using service-year deductions and is usually much lower than regular income tax. Company-specific pay structures and ordinary-wage rules can also change the figure — confirm with your employer.

Is my salary data uploaded anywhere?

No. Everything runs in your browser; your inputs are saved only in local storage for convenience and are never sent to any server.

💼 Korean Severance Pay Calculator (퇴직금)

Enter your join date (입사일), leave date (퇴사일), and total pay over the last 3 months to estimate your statutory severance pay (퇴직금). The tool computes your average daily wage (평균임금) — including 3/12 of any annual bonus and leave allowance — and applies the legal formula. Free, runs entirely in your browser, and works offline.

Inputs

Join date (입사일)

Leave date (퇴사일)

Total pay, last 3 months (최근 3개월 총 급여, KRW)

Annual bonus (연간 상여금, KRW)

Annual leave allowance (연차수당, KRW)

Daily ordinary wage (1일 통상임금, optional)

Severance applies after 1+ year of continuous service. Average daily wage includes 3/12 of the annual bonus and leave allowance. If you enter a daily ordinary wage that is higher than the average wage, the law uses the ordinary wage instead. Estimate only — pre-tax.

Service period

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Avg daily wage (평균임금)

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Estimated severance (퇴직금)

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Private by design. This tool runs entirely in your browser — nothing you enter is uploaded or stored, and it works offline.

About

Korean statutory severance pay is calculated as: 1-day average wage × 30 days × (total service days ÷ 365). The average daily wage (평균임금) uses total pay for the 3 months before leaving, plus 3/12 of the annual bonus and unused-leave allowance, divided by the calendar days in that 3-month period. Severance applies only after at least one continuous year of service. If the ordinary wage (통상임금) is higher than the average wage, the ordinary wage is used instead — this tool uses the average wage, so verify with your employer for edge cases. All calculations run client-side, so your figures never leave your device.

How to use

Enter your join date (입사일) and leave date (퇴사일) — the tool computes total service days.
Enter your total pay for the last 3 months (최근 3개월 총 급여) before leaving.
Optionally add your annual bonus (연간 상여금) and unused-leave allowance (연차수당) — 3/12 of each is added to the average-wage base.
Read the estimated severance, your average daily wage, and the full formula breakdown. Use Copy to save the result.

FAQ

How is Korean severance pay calculated?: Statutory severance = 1-day average wage × 30 × (total service days ÷ 365). The average daily wage is the total pay for the last 3 months (plus 3/12 of annual bonus and leave allowance) divided by the calendar days in that period.
Do I get severance for less than one year of work?: No. Statutory severance pay applies only after at least one continuous year of service (365+ days). Under one year, no legal severance is due.
Is the estimate exact, and is tax included?: It is a pre-tax estimate. Retirement income tax (퇴직소득세) is withheld separately using service-year deductions and is usually much lower than regular income tax. Company-specific pay structures and ordinary-wage rules can also change the figure — confirm with your employer.
Is my salary data uploaded anywhere?: No. Everything runs in your browser; your inputs are saved only in local storage for convenience and are never sent to any server.