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Severance Pay Estimator

Estimate your statutory severance pay based on service years and recent average wage.

KRW
years
days

Estimated statutory severance

10,500,000KRW

💡 If you've worked a year or more, you're entitled to severance pay.

Estimated daily average wage
116,666KRW
Total service days
1,095days

How it works

Statutory severance is calculated as 'average wage × 30 days × (total service days ÷ 365)'. This tool approximates it using your recent 3-month average monthly wage plus your years and extra days of service. Anyone who has worked continuously for a year or more (at 15+ hours/week) is entitled to severance — worth checking before you resign or change jobs.

FAQ

Q. Is severance pay taxed?

A. Yes — retirement income tax applies, but with service-year deductions it's typically taxed more lightly than regular income tax. Check your company's settlement statement for the exact after-tax figure.

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