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Calculate severance
If you worked 1 year or more, you get severance. It must be paid within 14 days from the day after you leave.
e.g. ₩3M/month · 3 years → ₩8.8M Open severance pay calculator - 2
Check retirement income tax
Calculate in advance how much tax comes out of your severance to see the net amount.
e.g. ₩50M · 10 years → ₩750K tax Open retirement income tax calculator - 3
Settle remaining annual leave
Leave you couldn't use can be paid out as unused leave pay.
e.g. 5 days left → ₩536K Open unused leave pay calculator - 4
If dismissed: dismissal notice pay
If you were dismissed without 30 days' notice, you can get 30 days of ordinary wages.
e.g. ₩3M/month → ₩3.44M Open dismissal notice pay calculator - 5
Apply for unemployment benefits
If you left involuntarily, register as a job seeker on Work24 and apply. You can't receive benefits after 12 months from the day after leaving.
e.g. 4 years insured → 180 days · ₩11.89M Open unemployment benefit calculator - 6
Check your health insurance switch
After leaving, you become a regional subscriber. If your premium goes up, you can apply for "voluntary continued coverage".
National Health Insurance Service
Official agencies that can help
Guides for other situations
STEP BY STEP5 steps to grow money from your paycheckBudget → Emergency fund → Gov. loans → Tax-smart investing → Financial independence8-step guide STEP BY STEPWhen your salary or severance is overdueFrom calculating unpaid amounts to filing a petition and substitute payments6-step guide STEP BY STEPPreparing for childbirth & parental leaveParental leave pay, annual leave and when to apply4-step guide STEP BY STEPWhen debt gets out of handFrom the right debt adjustment for you to handling seizures and collectors6-step guide STEP BY STEPPreparing for a job change or salary negotiationCompare the take-home pay and hourly value of an offered salary4-step guide
This guide describes general procedures and is not legal advice. Check your individual case with each agency.