Years of Continuous Service
Estimate
Severance Pay · Toejikgeum
Base Monthly Wage
Statutory Entitlement Multiplier
Total Severance Amount
Enter your monthly salary to calculate severance pay.
📖 Step-by-Step Practical Guide
  • 1
    Step 1 Enter your average monthly gross salary in KRW.
  • 2
    Step 2 Select your continuous years of service at your Korean workplace.
  • 3
    Step 3 Review your estimated statutory severance pay entitlement on the receipt.

⚖️ Statutory Severance Pay Under ROK Labor Standards Act

Compare official rates, service tiers, and practical trade-offs for smart budgeting in South Korea.

Worker EligibilityStatutory FormulaMandatory Payment DeadlineDelayed Interest RateLegal Protection
Full-time Foreign Workers (E-9, E-7)30 Days Average Wage per YearWithin 14 days of termination20% annual delay penaltyROK Labor Standards Act Art. 34
Part-time Workers (15+ hrs/week)Pro-rated based on weekly hoursWithin 14 days of termination20% annual delay penaltyEqual legal protection
Foreign Expat Visa Holders (F-4, F-6)30 Days Average Wage per YearWithin 14 days of termination20% annual delay penaltyMOEL Labor Petition eligible
💡 Foreign Worker Severance Rights Under Korean Labor Law

Under the Korean Labor Standards Act (Article 34) and the Guarantee of Workers Retirement Benefits Act, every employee who works for more than one continuous year with at least 15 hours per week is legally entitled to statutory severance pay upon leaving the company.

Universal Legal Protection: This law applies to all workers in South Korea regardless of nationality, visa category (including E-9, E-7, H-2, F-4, F-6, and undocumented workers), or company size. Employers must pay full severance within 14 days of termination.

E-9 Departure Guarantee Insurance: For E-9 foreign workers, employers contribute monthly to Departure Guarantee Insurance. If the insurance payout is less than your full statutory severance calculation, the employer must pay the remaining difference directly to you before departure.

📌 Official Regulatory & Math Notes

  • All estimates use standard 2026 South Korea published tariffs, statutory tax codes, or official transit authority fare matrices.
  • Actual costs may fluctuate with slow traffic congestion, peak holiday seasons, or third-party payment processing spreads.
  • Always verify official receipt details and municipal regulations before completing transactions.

Official Reference Sources:

💡 Practical Traveler Tips & Local Advice

  • Always carry a backup payment method (Cash or T-Money) as small street stalls and some transit reload kiosks require Korean Won (KRW) cash.
  • Download Naver Map or KakaoMap for navigating South Korea — Google Maps does not support walking or driving turn-by-turn navigation in Korea due to national map data laws.
  • Keep your physical passport readily accessible if you plan to claim tax refunds or verify age/identity for tourist transit passes.
  • Emergency and tourism support is available 24/7 in English, Japanese, and Chinese by dialing 1330 (Korea Travel Helpline).
❓ Frequently Asked Questions
Are foreign workers in Korea entitled to severance pay?

Yes. Any foreign worker employed for 1 continuous year or more with 15+ hours per week is legally entitled to at least 30 days of average wages for each year of service.

When must severance pay be paid by the employer?

Within 14 days from the date of employment termination, unless both parties agreed in writing to extend the payment deadline.

What should I do if my employer refuses to pay my severance?

You can file a petition with the Ministry of Employment and Labor (MOEL) and seek representation from a Korean labor attorney to secure statutory delayed interest (20% per annum) and government substitute payments.

Can I claim unpaid severance after leaving South Korea?

Yes. The statute of limitations for unpaid wages and severance in Korea is 3 years. A licensed Korean attorney can represent you remotely to recover your funds directly to your overseas bank account.

Can I pay with international credit cards or cash in Korea?

Most stores, restaurants, and taxis in Korea accept international Visa, Mastercard, and AMEX. However, public transportation card recharges (T-Money) and traditional street food markets require Korean Won (KRW) cash.

Which mobile navigation app works best in South Korea?

Due to Korean spatial data regulations, Google Maps offers limited walking and driving turn-by-turn navigation in Korea. We recommend downloading Naver Map or KakaoMap (both support English) for accurate real-time transit schedules and walking navigation.

Is there a 24/7 English tourist helpline in Korea for urgent questions?

Yes! The Korea Tourism Organization operates the 1330 Korea Travel Helpline, providing free 24/7 assistance in English, Japanese, and Chinese for directions, translation, and tourist complaints.

🛡️ Verified & Fact-Checked for 2026-09-02 Regulations | Use Korea Editorial Board
Attorney Profile →

Planning your trip?

Affiliate link — we may earn a commission at no extra cost to you.