It is said that managers and above are given honorary retirement, and in addition to statutory severance pay, they are given 24 months’ worth of monthly salary as consolation money and 10 to 20 million won in support for job changes depending on rank.
If you choose to start a business, you will be provided with a special consolation payment equivalent to 12 months of monthly salary in addition to statutory severance pay, as well as the opportunity to operate an E-Mart 24 store.
