Home Severance pay
Severance pay
Uses average daily wage and days worked. Weekly holiday pay sits on the same screen. Amounts stay in this browser.
Under one year, the statute does not create severance.
Why this exists
The result is not a monthly salary times years. Whether the window has 89 or 92 days changes the amount.
Weekly rest pay uses the same hourly wage and is separate from severance.
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01How to use it
Choose the start date and the last day worked.
Enter the last three months of pay, and a yearly bonus or leave pay if any.
Open Weekly rest and enter the hourly wage and weekly hours.
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02What you get
From 2024-01-01 through 2024-12-31, with 9,000,000 won in three months, the window is 92 days, the daily average is 97,826 won, and severance is 2,942,823 won.
At 10,320 won an hour and 40 hours a week, weekly rest is 82,560 won and the monthly equivalent is 2,156,880 won.
Entered2024-01-01
Start 2024-01-01 Last day 2024-12-31 3-month pay 9,000,000 Severance 2,942,823 -
03Worth knowing
The divisor is calendar days. Dividing by days actually worked inflates the result.
The calculation stays in this browser.
A different wage composition in the workplace rules can change the payment.
Questions
- QDoes under one year still show a number?
- AYes. The screen says the statute does not create severance under one year.
- QHow does a bonus enter?
- AEnter the year’s total. Only three twelfths enter the average.
- QWhat about weekly rest?
- AUnder 15 hours a week, weekly rest pay is 0.
- QIs it saved?
- ANo. It is calculated only in this browser.