[Korea] Severance Pay
Severance Pay — runs in your browser. Inputs are not stored.
Severance terms (statutory severance approximation · for reference)
Enter values, then press Calculate.
※ For reference. May differ from average-wage calculation or interim settlement.
Frequently asked questions
Does the severance calculator still show a figure under one year of service?
A number can appear, but statutory severance usually accrues after one year or more.
What about take-home pay and tax?
Retirement income tax is not included. For monthly take-home, see the <a href="/tools/net-salary/">annual take-home calculator</a>.
Are average wage and monthly pay different?
Average wage is total wages in the calculation period divided by days in that period. This screen uses monthly pay as an approximation.
What after an interim settlement?
Enter service only since the settlement. Amounts already paid are not subtracted here.
Do DC and severance figures come out the same?
If you do not enter an annual DC contribution, it can look similar to the statutory approximation. Actual DC balances follow investment results.
Is monthly pay saved?
No. Calculation runs only in the browser.
Last reviewed: 2026-09-04