Retirement Pay Calculator
Calculate retirement pay based on Korean Labor Standards Act.
Enter information and click Calculate.
Retirement Pay Calculator: Enter your start date, end date, monthly base salary, allowances, annual bonus, and annual leave pay to calculate your retirement pay. The formula follows Korean labor law: Average Daily Wage = (Total wages for last 3 months) / (Total days in 3 months). Retirement Pay = Average Daily Wage x 30 x (Working days / 365). Minimum 1 year of service required.