How Korean severance is calculated
Statutory severance is average daily wage × 30 × (days employed ÷ 365). You qualify after one continuous year; less than a year has no statutory entitlement.
The average daily wage is your total pay over the last three months divided by the days in that period, and it includes 3/12 of your annual bonus and 3/12 of annual-leave allowance. If the average wage falls below your ordinary wage, the ordinary wage is used instead. Enter your join and leave dates and recent monthly pay above.
See the salary calculator or unemployment benefit calculator.