TOOLOG / WEB UTILITY

Korean Severance Pay Calculator | 3-Month Average Wage Estimate

Estimate Korean severance pay from service dates, prior 3-month wages and calendar days, regular bonus, leave allowance, ordinary daily wage, and weekly hours.

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Use the retirement date as the first day no longer employed. The 3-month total uses calendar days, not days worked; this simple mode supports the usual 89–92 days only.

-Service days
-Estimated average daily wage
-Daily wage used
-Estimated severance pay
-Basic eligibility check

Enter employment dates, prior 3-month wages, calendar days, and weekly hours.

Check your estimated Korean severance before leaving a job

Enter employment dates, gross wages paid during the prior three months, calendar days in that period, and average contracted weekly hours. You can also include an annual regular bonus, relevant annual-leave allowance, and ordinary daily wage.

The calculator shows service days, estimated average daily wage, the daily wage actually used, expected gross severance, and a basic eligibility check.

Key features

  • Counts service days by including the employment start date and excluding the retirement date
  • Estimates average daily wage from prior 3-month wages and calendar days
  • Adds 3/12 of eligible annual regular bonuses and annual-leave allowance
  • Uses the greater of estimated average daily wage and the entered ordinary daily wage
  • Checks the basic one-year and four-week average 15-hours-per-week thresholds
  • Explains blank, invalid date, 89–92 day, whole-KRW, range, and oversized-result states
  • Includes example, copy, and clear actions with a mobile-friendly single-column layout

How to use

  1. Select the employment start date and the retirement date, meaning the day after the final workday.
  2. Enter the total calendar days in the prior three months—normally 89–92—and the gross wages paid for that period.
  3. Add an annual regular bonus and eligible annual-leave allowance when they should be included in average wage.
  4. Enter ordinary daily wage if you know it and want the calculator to compare the two wage bases.
  5. Enter average contracted weekly hours over four weeks, then review the estimate and basic eligibility check.

The result remains blank until all required values are valid. Invalid dates, negative or fractional KRW amounts, out-of-range calendar days or weekly hours, and unusually large results produce a field-specific message; copying remains disabled until a valid result exists.

Example

  • Employment start date: September 19, 2023
  • Retirement date: September 19, 2026 (final workday: September 18)
  • Prior 3-month calendar days: 92
  • Prior 3-month gross wages: 9,600,000 KRW
  • Annual regular bonus: 4,000,000 KRW
  • Ordinary daily wage: 110,000 KRW
  • Average contracted weekly hours: 40

Estimated average wage is (9,600,000 + 4,000,000 × 3/12) ÷ 92. The estimate uses the greater of that result and ordinary daily wage, then applies 30 × service days ÷ 365.

Formula and basic eligibility

  • Average daily wage = (prior 3-month wages + annual regular bonus × 3/12 + relevant leave allowance × 3/12) ÷ calendar days
  • Daily wage used = the greater of estimated average daily wage and the optional ordinary daily wage
  • Severance estimate = daily wage used × 30 × service days ÷ 365
  • Basic eligibility = at least one year of continuous service and an average of at least 15 contracted hours per week over four weeks

Exceptions and important limitations

  • This simplified mode supports only the usual 89–92 day wage period. Use the official Korean Ministry of Employment and Labor calculator if maternity leave, childcare leave, occupational-injury leave, or another excluded period applies.
  • Whether a bonus or performance payment legally qualifies as wages, and which annual-leave allowance should be included, depends on payment terms and workplace rules.
  • Interim settlements, excluded service periods, retirement-plan rules, and taxes are not included.
  • This is a gross reference estimate, not a legal determination. Confirm the final amount from payroll records and workplace rules with the Ministry or a labor professional.

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