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    Finance & Tax

    Korean Severance Payment Estimator

    Korean Severance Payment Estimator is an interactive, mobile-friendly calculator for browser-local estimates. It displays labelled quantities so that inputs, assumptions and outcomes stay clear. Based on MOEL's daily average wage ×30×service days/365. A higher ordinary daily wage overrides average; exclusions and leave/bonus accrual must be reviewed.

    MAKE IT SIMPLE
    Formula, input assumptions and limitations

    Based on MOEL's daily average wage ×30×service days/365. A higher ordinary daily wage overrides average; exclusions and leave/bonus accrual must be reviewed.

    Result

    Worked examples

    Gross wages over last 3 months (KRW): 9000000 · Allocated bonus/leave (KRW): 0 · Calendar days in period: 92 · Counted service days: 1095 · Ordinary daily wage (KRW): 0

    Calculated daily average wage: 97,826.086957 KRW

    A worked example using the listed default inputs. Based on MOEL's daily average wage ×30×service days/365. A higher ordinary daily wage overrides average; exclusions and leave/bonus accrual must be reviewed.

    Questions & answers

    Is the output a legally or technically certified result?

    No. Check verified rates, conditions and underlying rules first. Based on MOEL's daily average wage ×30×service days/365. A higher ordinary daily wage overrides average; exclusions and leave/bonus accrual must be reviewed.

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