Foreign professionals, English instructors, and expatriates working in South Korea can estimate their statutory pre-tax severance pay (Toejikgeum) in full compliance with standard Korean labor formulas.
Enter Employment Dates
Input your start date and official leaving date (day after your final working day).
Input 3 Months' Gross Wages
Enter your pre-tax gross salary for each of the last three working months.
Add Bonuses & Calculate
Add any annual bonuses or unused annual leave payments (pro-rated at 3/12) to generate your severance estimate.
In South Korea, statutory severance equals: Average Daily Wage × 30 days × (Days Employed / 365). Your average daily wage is determined from the gross salary paid across the final 3 months of employment.
Korean labor standards define the official leaving date as the first day you no longer work (the day immediately after your last working day).
This calculator produces a pre-tax estimate. It does not account for retirement income tax deductions, ordinary wage minimum floors, unpaid leave exclusions, or defined contribution (DC) pension schemes.
Under Korean law, statutory severance is only mandatory for continuous service of 1 year (365 days) or more. Periods under 1 year will display 'Not Eligible'.
No, this calculates the gross pre-tax statutory entitlement before Korean retirement income tax withholdings.