Koreayo Tools
Korea Severance Pay Calculator
Estimate your legally required severance pay based on your employment dates and recent salary. Free, instant, no sign-up.
Format: YYYY-MM-DD, e.g. 2023-03-15
Format: YYYY-MM-DD
Severance only applies if this is 15 hours or more.
Sum of your pay stubs for the 3 calendar months right before your last day.
I receive a regular (recurring) annual bonus
Only include bonuses paid on a regular basis, not one-off or performance-only bonuses.
I have unused annual leave pay to include
Legal basis: Labor Standards Act Art. 34 and Employee Retirement Benefit Security Act Art. 8.
Formula: daily average wage × 30 days × (total days employed ÷ 365). Eligibility requires 1+ year of continuous employment and an average of 15+ hours/week over the last 4 weeks.
This calculator is for reference only and has no legal effect. It does not constitute legal, tax, or accounting advice. For your official entitlement, confirm with your employer, the Ministry of Employment and Labor (1350), or a certified labor attorney. Final rules are governed by hikorea.go.kr and the Ministry of Employment and Labor.
This calculator is for reference only and has no legal effect. It does not constitute legal, tax, or accounting advice. For your official entitlement, confirm with your employer, the Ministry of Employment and Labor (1350), or a certified labor attorney. Final rules are governed by hikorea.go.kr and the Ministry of Employment and Labor.
Sources: Labor Standards Act Art. 34 · Employee Retirement Benefit Security Act Art. 8 · Ministry of Employment and Labor guidance on average wage calculation (regular bonus/leave-pay pro-ration at 3/12).