Severance Pay Calculator
Estimate Korean severance pay in KRW from work period, average wage, and recent bonus or allowance.
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Estimate Korean severance pay from work period and average wage
Severance Pay Calculator estimates Korean severance pay from employment period, average wage, and recent bonuses or allowances. It helps workers review resignation planning, payroll explanations, and employer-provided estimates.
Useful For
- Estimate severance after at least one year of work
- Compare average wage and bonus assumptions
- Check employer severance estimates before leaving
Good To Know
Severance depends on employment type, average-wage period, included allowances, bonuses, and retirement pension rules. Confirm your contract and official labor guidance.
Before You Rely On It
Tax rates, fees, exchange rates, and insurance rules can change by date and provider. Treat results as planning estimates and verify official sources before filing, signing, or paying.
Review Date And Limits
Rates and policies can change, so results are estimates for planning. Check official sources before filing, signing, or paying. Reviewed on Jun 30, 2026.
Severance pay checks before settlement
Service period
- Confirm start date, end date, and continuous service period
- Check if service is under one year or if interim settlement occurred
Average wage
- Review recent three-month wages, bonuses, and allowances
- Separate ordinary wage from average wage concepts
Before settlement
- Compare payslips and employment contract
- For disputes, verify labor ministry calculation standards
It uses a simplified work-period and average-wage estimate. Actual severance can vary by contract, wage items, bonuses, allowances, and company settlement rules.
Eligibility depends on legal conditions such as continuous service period. Use this as a rough amount estimate, not an eligibility ruling.
The base result estimates gross severance amount. Severance income tax and net payout require separate calculation rules.