The formula
Severance = average daily wage × 30 × service days ÷ 365
Calculations run in your browser. Displayed values are rounded, while intermediate calculations keep their full precision.
What this estimate assumes
- The retirement date is the day after the final workday.
- Special exclusion periods and the ordinary-wage floor are not reflected.
- This is not legal advice.
A quick reality check
Five years of service
The result depends on the average wage calculated from the final three-month period.
Common questions
Is this useful outside Korea?
No. This calculator is specifically based on the Korean statutory framework.