Korean Dictionary
How to say “Severance Pay” in Korean
퇴직금
toegikgeum
AdvancedBusiness
Usage & Context
퇴직금 is a mandatory lump-sum payment that Korean employers must provide to employees who have worked for at least one year upon leaving the company. It is regulated by the Korean Labor Standards Act and is calculated based on the employee's average wage. This benefit is a significant part of Korean employment culture.
Example Sentence
1년 이상 근무하면 퇴직금을 받을 수 있습니다.
You can receive severance pay if you work for more than one year.
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