Korea Severance Pay Calculator 퇴직금 계산기

1. Visa Status & Employment Condition

2. Last 3 Monthly Salaries (Gross) Before tax (Check paychecks)

Last Month:

KRW

2 Months Ago:

KRW

3 Months Ago:

KRW

3. Total Employment Period Years & Months worked

Years

Months

4. Annual Bonus in Last 12 Months Optional (e.g. 1,000,000)

KRW

Estimated Legal Severance Pay

₩ 0 KRW

Departure Guarantee Insurance (출국만기보험) Check For E-9 and H-2 visa holders, a portion of severance is saved in Departure Guarantee Insurance. If your total legal severance exceeds the insurance payout, your employer is legally obligated to pay the remaining gap.

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Korean Labor Standards Act Regulations

Qualification: Continuous service at the same workplace for 1+ year (365 days) working 15+ hours weekly.
Statutory Deadline: Full severance must be remitted within 14 calendar days of resignation.
Late Penalty: Unpaid balances past 14 days accrue 20% annual interest penalty by law.