Money · Leaving a job
What could I receive when I leave a job in Korea?
Review severance, final pay, unused leave and unemployment support under South Korean rules, with a checklist of documents to prepare.
Start calculatingThis is a gross estimate for understanding general Republic of Korea rules, not legal, tax, labor or financial advice. Employer policy, agreements, exclusions, evidence and agency decisions can change the outcome.
Social-insurance guidance
National Health Insurance
After employee coverage ends, ask NHIS whether regional coverage or dependent status applies.
Continued employee coverage generally requires at least one year of workplace coverage in the prior 18 months and an application before two months pass after the first regional-premium due date; it can last up to 36 months. Compare premiums before choosing.
National Pension
If you are under 60 and have no income after workplace coverage ends, ask NPS about regional coverage or a contribution exception. Check whether a report is required, generally by the 15th of the month following the change.
Eligible unemployment-benefit recipients may apply for unemployment credit. Exempt months do not automatically count as contribution months; premiums depend on individual circumstances, so this calculator does not estimate a premium.
How the estimates work
Retirement benefit
Uses average daily wage × 30 × service days ÷ 365 as a baseline, while separately showing coverage conditions and missing wage data.
Leave and final pay
Uses only confirmed leave days. Final salary is shown as calendar-day and workday methods rather than assuming one universal formula.
Unemployment benefit
Explains likelihood from insured days, reason, work availability and evidence. 2026 amount rules apply only to 2026 separations, with the final decision left to the employment center.
Official sources and verification date
Rules checked 2026-08-26These official materials support the implemented rules. Law and administrative guidance can change after the verification date.
- Employee retirement benefit law: Article 4, coverage (Korean) KR-RBGA-COVERAGE-2026
- Employee retirement benefit law: Article 8, severance pay (Korean) KR-RBGA-SEVERANCE-2026
- Employee retirement benefit law: Article 9, payment method and deadline (Korean) KR-RBGA-PAYMENT-2026
- Labor Standards Act: definition of average wage (Korean) KR-LSA-AVG-2026
- Ministry of Employment and Labor: comparing average and ordinary wages for severance (Korean) KR-MOEL-SEVERANCE-ORDINARY-WAGE
- Labor Standards Act: annual paid leave (Korean) KR-LSA-LEAVE-2026
- Labor Standards Act: Article 61, encouraging the use of annual paid leave (Korean) KR-LSA-LEAVE-PROMOTION-2026
- Labor Standards Act: settlement of money and valuables (Korean) KR-LSA-SETTLEMENT-2026
- Employment Insurance Act: eligibility for job-seeking benefits (Korean) KR-EIA-ELIGIBILITY-2026
- Employment Insurance Act: daily benefit amount and payment days (Korean) KR-EIA-AMOUNT-2026
- Ministry of Employment and Labor: 2026 job-seeking benefit limits (Korean) KR-MOEL-2026-BENEFIT-LIMITS
- Benefit wage calculation rules: Article 3, rounding contracted working hours (Korean) KR-MOEL-BENEFIT-HOURS-ROUNDING
- Ministry of Employment and Labor: 2026 minimum wage notice (Korean) KR-MOEL-2026-MINIMUM-WAGE
- Employment Insurance Act: benefit payment duration table (Korean) KR-EIA-DURATION-TABLE-2026
- Ministry of Employment and Labor: prorating salary when leaving mid-month (Korean) KR-MOEL-FINAL-PAY-2026
- Work24: unemployment benefit guide (Korean) KR-WORK24-PROCESS-2026
- Work24: insurance status and separation records (Korean) KR-WORK24-SEPARATION-DOCS-2026
- National Health Insurance Act: voluntary continued coverage (Korean) KR-NHIS-110-2026
- National Pension Service: contributions after leaving a job (Korean) KR-NPS-POSTJOB-2026
- National Pension Service: unemployment credit guide (Korean) KR-NPS-UNEMPLOYMENT-CREDIT-2026
Inputs are not stored on a server
Salary, dates and the reason for leaving are not sent to or stored on a server. Only checklist completion is kept in this browser's local storage.
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Frequently asked questions
Is one full year always enough for severance?
Continuous service, contracted working hours, and other coverage conditions must be checked together. Even exactly one year must be assessed using the dates and employment records.
What if each of my last three salaries was different?
Enter the verified gross wages for each of the three months to estimate average wages. Excluded periods, such as periods of suspended work or maternity leave, require separate legal review.
Does this calculate statutory leave entitlement?
No. It uses only the unused days you confirm with the employer. It does not automatically assess leave accrual, expiry, or the legal validity of leave-use encouragement procedures.
How is a partial final month calculated?
It shows calendar-day and scheduled-workday methods as a range without assuming a single statutory formula. Check the employment rules, your contract, and the employer's calculated amount first.
Is a voluntary resignation always excluded from benefits?
No. Qualifying reasons, unavoidable circumstances, efforts made before leaving, and supporting evidence may affect eligibility. An individual review by the responsible employment center is required.
Will the estimated benefit equal the actual payment?
No. The employment center confirms eligibility, wage basis, statutory limits and recognized days.
Why are employer payments and benefits not one total?
They have different payers, conditions and timing. Combining them could overstate cash available now.
How many months could my current cash last after leaving?
Enter cash available now, reliable continuing income, monthly living costs, and a protected reserve. The calculator keeps employer-settlement-only and benefit-inclusive runway separate, and reports when cash is not declining under the inputs.
Are my salary and reason stored on a server?
No. Calculations stay in this browser. Only checklist completion can be stored locally on this device.
