The Twejikum (퇴직금) is one of the benefits that a migrant worker in Korea can avail after the sojourn in South Korea. It is also called “severance pay”, a lump sum of money paid by the employer for the number of years that a particular worker has served the company. Those who were able to work in one company for a minimum of one year or more are qualified to receive the severance pay.
COMPUTATION
About one month before your departure, your company(or you) will contact the insurance company for the computation of your Departure Guarantee Insurance. The insurance company will then provide the receipt where it shows the computation of your Twejikum. This is how it is being computed:
- 1. Add your last 3 months salary
Example:
January : 1,800, 000 Won
February: 1,900,000 Won
March: 2,000,000 Won
Last 3 months salary = 1.8M won + 1.9M won + 2M won = 5.7M won
- 2. Get the average pay per day by dividing the sum of your Last 3 months salary by the total number of days of last 3 months.
Example:
January : 31 days
February: 28 days
March: 31 days
Total Number of Days of Last 3 Months= 31+28+31 = 90 days
Average Pay Per Day = 5.7M won ÷ 90 days = 63,333.33 Won/Day
- 3. Compute the Average salary in one month by multiplying the result of number 2 to 30 days.
Average Pay Per Month = 63,333.33 x 30 = 1,900,000 Won
- 4. Compute your Twejikum by Multiplying the result to the number of years of service.
To compute the exact number of years, this is the formula:
Number of years = Total Number of years + [Total Number of Months x (1 year/12 months)]
(For example, worker has finished 4 years and 10 months of work):
Number of years = 4 years + [10 months x (1 year/12 months)]
Number of years = 4 years + 0.83
Number of years = 4.83
Twejikum = 1,900,000 Won x 4.83
Twejikum = 9,177,000 KRW
CLAIMING
Now that you know how much your twejikum is, the big question now is how to claim it!
Your boss should pay you that amount the moment you leave the company. Basically, they have been paying for your severance pay already via the Departure Guarantee Insurance. However, as they are only paying 8.3 percent of your monthly salary, your boss should pay you upfront for the remaining amount.
Say for example, your boss was able to deposit a total of 6,000,000 won in your departure guarantee insurance, he should pay you a total of 9,177,000 KRW- 6,000,000 KRW which is 3,177,000. This amount should be deposited in your payroll account along with your last salary or whatever account you want to nominate.
How about the 6,000,000 won? Where should you claim it?
You should claim it at the airport. Your boss will let you sign up a form where you can nominate a bank to which you want to claim the remaining amount of your departure guarantee insurance. Once you signed up the form, all you need to do is wait for your date of departure and claim it in the airport.
CLAIMING TWEJIKUM AT THE AIRPORT
When claiming Twejikum at the airport, you must go to the bank you nominated at the third floor of Incheon Airport. Usually, they are located near the boarding gates of the airport. You can ask around or look it up yourself, they are not difficult to find.
Once you’re at the currency exchange center of the bank of your choice, they will simply ask you for passport and Alien Card. They already know you are coming, there’s no more fuss or asking for extra document when you approach them.
They will convert your money into dollar denomination, and after verification, they will give you a receipt of the conversion of your money. You must present this receipt at the bank after passing through the immigration so they will give you your cash. Don’t worry, they will provide instruction as to which gate the bank is located, all you need to do is enter the immigration and proceed to the gate they suggested to find the bank and get your cold cash!
That’s it! It’s not really that complicated. If you know how to follow instruction, you can get your twejikum without a fuss. For better flow of transaction, it would be better if you book a flight at night time and during weekdays.
Yun pong kukmin paano i-claim? Sa incheon airport po ba yun o sa pinas na makukuha?
ReplyDeleteit's up to you jhonel. I'm in the process of writing about claiming kukmin at the airport, hopefully, i can publish it within this week, watch out for it.
DeleteOk sir, i'll wait for that. Salamat po :)
DeleteWhat if My end of visa is April 17 and i work till april 12 what months they will base the computation?
ReplyDeletecomputation will be based on the actual date when you stop working. so, it should be computed up to april 12.
DeleteWhich salary are they going to use for computation sir/Ma'am. The Gross, or Net salary? Tnx.
ReplyDeleteIt should be based from your gross salary.
Deletewhat can I do if my boss not do so.. he calculate for very low salary other than we get paid..
DeleteIs twegikom same as twegik yeonkum?
ReplyDeleteIs the computation of twegikom for korean husband is the same as EPS?
THANKS.
Good day pede napo ba maclaim twejikum sa gimhae airport?
ReplyDeletelast 3 months salary based on months or based on days? ie. 90 days.
ReplyDeletesee, if my last working date is may 21 than how i count my severance pay
if it is base on month the last month salary will be low because i will work only May 21
March = 2000000
April = 1800000
May = 1200000
than march 31+ April 30 May 31 =92 days?
5000000/92 = 54347 won
Is this is right????????????
please clear me.
hi, that' wrong. the computation of your last three months must be based from february 21 up to May 21. This is how you add up your last three months salary:
DeleteYour salary from february 21 to february 28 + Your salary from March 1 to march 31 +your salary from April 1 to April 30 + your Salary from May 1 to May 21.
hi, that' wrong. the computation of your last three months must be based from february 21 up to May 21. This is how you add up your last three months salary:
ReplyDeleteYour salary from february 21 to february 28 + Your salary from March 1 to march 31 +your salary from April 1 to April 30 + your Salary from May 1 to May 21.
mam pano po pghindi binigay ni amo ung tejikum at nasa pilipinas nko pano po yun san po ako pdng lumapit pra mgreklamo
DeleteGOOD AFTERNOON MAM,,,ASK LANG SA AIRPORT PO ALIN PO ANG UNANG I CACLAIM TEJIKUM PO B O KUKMIN,,TNKS PO.
ReplyDeleteit doesn't matter po maam, it's up to you ano gusto mo unahin
DeleteMAM ISANG QUESTION PA PO PALA,,,YUNG TEJIKUM KO PO KASE,,BALE APRIL 12 PO FLIGHT KO..TPOS HNGGNG APRIL 10 LANG PO YUNG LAST DAY KO SA WORK,,,ANG CUTOFF PO NAMEN AY EVERY 21...PAANU PO KAYA ANG COMPUTATION NG TEJIKUM KO...ITO PO BA AY DECM,21 TO JAN 20 THEN JANUARY 21 TO FEB 20 THEN FEB 21 TO MARCH 20 EH YUNG MARCH 21 PO HNGGNG APRIL 10 KSAMA PA PO BA ??TNKS PO
ReplyDeletesorry po maam/sir, ngaun lang ako nakareply. computation should be based from the exadct last three months of your work. Jan 10 to feb 10, feb 10 to march 10, march 10 to april 10. dyan po ibabase yong computation
DeleteHi po tanong ko lng po. Lumagpas po sa cut off namin yung pasok ko bali meron po ako napasokan na 2 weeks. Kasama parin ba sa last 3 months yun? Eh hndi na po buong 1 months po yun.
DeleteHappy good day po, ask ko lng po kung isa lang po ba ang format ng pagcompute ng twejikum ng company?
ReplyDeleteyes sir. same format lang po
DeleteKng s pinas kukunin ang kukmin.ung twejikum b mrrecive p rin s airport or isasama n lhat ippdala ..no need na ba to go sa bank sa airport to get the twejikum
DeletePaano po kung 1 year and 10 months lang ako. Pano po cinoutation dun???
ReplyDeleteMam ung akin matapos ako feb 14 pno kung exit ako feb 10 wala po b problem un....?please reply
ReplyDeleteHello, is it possible na ibang monthly wage ang ibibigay ng employer for computation? And possible po ba na mas mababa pa sa basic ngayon, ang ibigay ng employer na monthly wage for computation?
ReplyDeletesir paano po ba ma claim ang teigikum dito sa pinas kasi
ReplyDeletehello po dito na po kasi ako sa pinas mahigit one month na po ako dito. paano po ba yung proseso ng pagkuha ng twegikum dito sa pinas.
ReplyDeletehndi po ba kyo nag bigay ng bank account bago umuwi? ihuhulog kasi yun sa bangko na ibinigay nyo
DeleteGood evening po ma'am.bukas npo uwi ko. Pano po ang computation ng twejikum ko. Bale 3 yrs lng ako sa trabaho ko
ReplyDeleteGood day! I'm still confused between twejikum and kookmin. Are they the same or entirely different benefits? Am I entitled to both or just either if they are the same? I will be leaving by end of August or early September. Thanks in advance!
ReplyDeletegood day po..hingi po sna q advice about po s twejicom q po s cmpny.nkauwi n po q lst year nng nov.nktpos po aq ng 4years and 10mnths s isang cmpny n wlang realese.about po s mga seperation po nkuha q nmn po lhat except po s twejicom q po s cmpny'yung s cmputation po ng lst 3months n sweldo.b4 po q umuwi kinausap nmn ng tao s global s ansan si sajang n khit klahati mna kso wl dw po tlg pera c sajang nag promis nmn po c amo n ippdla nlng dw po pag nnd2 n q s pinas kso po until now hnd p bnbgay..pina follow up nmn po ng mga naiwan q ksmhang pinoy sa compny kso lagi sagot n amo wl dw po pera at paxenxia n..saan po kaya q pede lumapit pra makuha q pa yun..salamat po
ReplyDeleteGodbless
Good day ma'am/sir. Kailangan pba ng bank account sa pinas para makuha yung twejikum at kukmin? Or cash na po kukunin lahat sa incheon airport?
ReplyDeletemam ung amo ko ung kulang hindi niya binigay tama na daw un na hulugan sa samsung tejikum pag sinunod ko computation mo kulang siya ng 1.6 million dipende ba sa amo kung magbibigay siya o puede ko siya ireklamo sa labor may laban po ba ko nun salamat po
ReplyDeleteMam tanung lng po magkaiba po ba yung kukmin at tuwegigum mam..
ReplyDeleteBig help.
ReplyDeleteGood job
Thanks
Can we get twejikum in busan (gimhae)airport or only in incheon airport ?
ReplyDeletenakita ko lang sa fb group
ReplyDeleteMga kaEps,may bagong rules ba sa NPS ngayon na pag rehire hindi na makukuha ang kukmin?kasi uuwi na s march 8 yung kasama ko galing sya sa NPS kanina.ang sabi hindi nya makukuha yung kukmin nya kasi babalik pa daw xa.may naka experience ba ng ganto??thankx Admin..
My husband told me .khit na sincire ka dw mkkha mu dpt ung mkkuha mo .bsta ntpos ung 1st contract mo .
DeleteHello hiw about po pg nsa pinas kana .may chance pba mkuha at paano po?
ReplyDeleteYes po. Check nyo sa poea website, may list doon ng unclaimed benefits
DeleteGood pm. Ano pong process kaya kapag nasa Pinas na? San po pupunta? Salamat.
Delete
ReplyDeleteGood pm. Ano pong process kaya kapag nasa Pinas na? San po pupunta? Salamat.
Hello po. Ask ko lang po kung ilang percent ng twejikum ang ibibigay ng employer sa isang eps. 30% po ba.? Then 70% sa aming departure gurantee insurance?
ReplyDeleteis the bank open 24 hours,because i have to catch my flight at 10.35 a.m.do i have to reschedule my flight,mam?
ReplyDeleteKasama po ba sa computation ng tejikom yung o.t? At pano po kung lumagpas sa cut off ng company, pano po yung computation nun. Kasi 2 weeks po akong lumagpas ibig po ba sabibin na sa last 1 month ko di buo ang sahod ko at mahahatak nya yung 2 months ko na buo ang sahod?
ReplyDeleteyung sa akin po 4 years and 10 months sa isang company. at hindi nagbigay ang amo ko ng twejikum. yung sa airport
ReplyDeletelang nakuha ko, samsung insurance. pwedi pa po bang makuha yung dapat ibigay na karagdagan ng sajang?
Open po ba ang woori bank Saturday..pag claim ko ng kukmin..thanks
ReplyDelete