How to use this tool
Check the units, enter your values, and run the tool. Results follow the assumptions and method below.
Calculation method
max(averageDaily,ordinaryDaily)max(averageDaily,ordinaryDaily)*30*days/365Applies the Korean Ministry of Employment and Labor formula to an already-qualified continuously employed worker. Eligibility, including at least one year and generally 15 contracted weekly hours averaged over four weeks, must be established separately. Enter legally determined daily average/ordinary wages accounting for included pay, excluded periods, bonuses and leave pay. Excludes DC pension returns, taxes and disputed wage classification.
Applies the Korean Ministry of Employment and Labor formula to an already-qualified continuously employed worker. Eligibility, including at least one year and generally 15 contracted weekly hours averaged over four weeks, must be established separately. Enter legally determined daily average/ordinary wages accounting for included pay, excluded periods, bonuses and leave pay. Excludes DC pension returns, taxes and disputed wage classification.
Enter your values and run the tool to see your result.
Check the units, enter your values, and run the tool. Results follow the assumptions and method below.
max(averageDaily,ordinaryDaily)max(averageDaily,ordinaryDaily)*30*days/365