Whether you earned ₩1.5M or ₩3M, unemployment benefit is ₩66,048 a day — the floor is 97% of the cap
Unemployment benefit is 60% of average wages, but there is a floor: 80% of 8 hours at the ₩10,320 minimum wage, ₩66,048. Sixty percent of a ₩3M salary is ₩58,696 a day, below the floor, so it is lifted to ₩66,048, the same as someone who earned ₩1.5M. The cap is ₩68,100, only ₩2,052 above the floor, and 150 days comes to ₩9,907,200.
Conditions used in the video
- Daily benefit
- 60% of average daily wages (base daily amount)
- Floor
- minimum wage ₩10,320 × 8 hours × 80% = ₩66,048
- Cap
- ₩68,100 (by notice)
- Example
- ₩1.5M · ₩2M · ₩3M a month · 8 hours a day · under 50 · one year insured
- Benefit days
- 120 to 270 (age · insured period)
- Basis
- Employment Insurance Act Articles 45, 46 and 50
Results
- ₩1.5M · ₩3M a month
- both ₩66,048 a day (floor)
- 60% of ₩3M
- ₩58,696 → below the floor → ₩66,048
- Cap
- ₩68,100 · ₩2,052 above the floor
- 150 days
- ₩9,907,200
- Floor formula
- ₩10,320 × 8 hours × 80%
- Days
- 120 to 270
At a glance
₩1.5M, ₩2M and ₩3M all sit at the ₩66,048 floor. The cap is ₩68,100.
- ₩1.5M₩66,048
- ₩2M₩66,048
- ₩3M₩66,048
- Cap₩68,100
Why it works this way
Someone who earned ₩1.5M a month and someone who earned ₩3M receive the same unemployment benefit: ₩66,048 a day, the floor.
Employment Insurance Act Article 46.
- Rule60% of average wages
- Floor₩10,320 × 8 hours × 80% = ₩66,048
- 60% of ₩3M₩58,696 → lifted to the floor
Even at ₩3M a month the 60% figure falls short of the floor, so the floor applies.
The cap is ₩68,100 a day, ₩2,052 above the floor, so the floor is 97% of the cap. Over 150 days that is ₩9,907,200, and the number of days runs from 120 to 270 depending on age and insured period.
Engine unemployment-benefit figures · 2026 notice.
- Floor₩66,048
- Cap₩68,100
- 150 days₩9,907,200 (at the floor)
The 120 to 270 day range is in Table 1 of Employment Insurance Act Article 50.
The legal basis
Drawn from government announcements and the statutes themselves as primary sources, covering only the relevant part.
Employment Insurance Act Article 46 (Daily job-seeking benefit)
In force 2026 rates (checked 2026-09-05)
The daily benefit is 60% of the base daily amount. Where that falls below the minimum hourly wage × contractual daily hours × 80%, that amount applies (minimum daily benefit). The cap is the amount set by Presidential Decree (₩68,100).
What this means
With the floor at 97% of the cap, most salaries converge on the same figure. This is why salary does not set the benefit.
Employment Insurance Act Article 50 · Table 1 (Benefit days)
In force Current (checked 2026-09-05)
From 120 to 270 days according to age at separation and insured period.
What this means
The daily amount is flat but the days differ. Age and insured period set the total.
Run it on your own numbers
The calculator opens with these conditions already filled in. Change the figures and your own case comes straight out.
Frequently asked
At what salary does the benefit rise above the floor?
For 60% to exceed ₩66,048, average daily wages must be ₩110,080, roughly ₩3.3M a month or more. Above that it stops at the ₩68,100 cap.
Why is the floor 80% of the minimum wage?
Article 46 sets the floor at the minimum hourly wage × 8 hours a day × 80%. When the minimum wage rises, so does the floor.
How many days do I receive?
From 120 to 270 depending on age at separation and insured period. Under 50 with one year insured is 150 days.
What if I worked 4 hours a day?
The floor multiplies by contractual daily hours, so at 4 hours it is half. This page uses 8 hours a day.
Results are estimates based on the inputs and on the rules as at the stated date. They may differ from a lender's actual assessment, and the rules change often. Take professional advice before any decision that matters.