Korea Traffic Accident Settlement Calculator
Estimate Korean traffic accident settlement compensation. Calculate consolation money, lost wages, medical costs by injury grade and fault ratio.
About This Tool
The Traffic Accident Settlement Calculator provides a rough estimate of compensation amounts for Korean traffic accident cases. It considers medical expenses, lost wages, consolation money (위자료), and disability compensation to help accident victims understand the potential range of their settlement.
⚠ This calculator is for reference only. Actual settlement amounts vary significantly based on accident circumstances, insurer judgment, and court precedents. Consult a lawyer or loss adjuster for accurate assessment.
Accident Info
Injury Info
Treatment Info
Including amounts paid directly by insurer to hospital
Income Info (for Lost Wages)
Additional Options
⚠ This calculator is a reference simulator and does not replace legal or medical advice. Actual settlements vary significantly. Consult a lawyer or loss adjuster for accurate assessment.
What is Traffic Accident Settlement?
A traffic accident settlement is the total amount paid by the at-fault party (or insurer) to compensate the victim for physical, mental, and property damages. It consists of consolation money, lost wages, medical costs, future medical costs, and disability compensation. The victim's fault ratio is deducted from the total. Settlement is typically resolved through mutual agreement without litigation.
5 Components of Settlement
1. Consolation Money
Compensation for mental suffering, fixed at 150K~2M KRW based on injury grade (1-14).
2. Lost Wages
Income loss during treatment. Calculated as inpatient days × daily income × 85%. Outpatient: 3 visits = 1 day.
3. Miscellaneous Costs
Transportation, nursing costs etc. Recognized at 14,000 KRW/inpatient day and 8,000 KRW/outpatient visit.
4. Future Medical Cost
Additional treatment costs expected after settlement (rehabilitation, braces, etc.).
5. Disability Compensation
If permanent disability remains, compensates future income loss based on disability rate. Expert assessment is essential due to large amounts.
Injury Grade 1-14 Summary
| Grade | Consolation | Example |
|---|---|---|
| 1 | 2000K KRW | Severe brain injury, quadriplegia |
| 2~3 | 180~1900K KRW | Major organ damage, severe fracture |
| 4~6 | 150~1700K KRW | Fracture (surgery), ligament tear |
| 7~9 | 120~1400K KRW | Fracture (non-surgical), joint damage |
| 10~11 | 60~800K KRW | Sprain (6+ weeks), contusion |
| 12 | 400K KRW | Minor, muscle tear |
| 13 | 250K KRW | Cervical sprain 3 weeks |
| 14 | 150K KRW | Cervical sprain 2 weeks |
Settlement Precautions
- Don't rush the settlement — it's better to settle after treatment is complete
- If disability is expected, wait at least 6 months before settling
- Prepare all documents: diagnosis, medical receipts, income proof
- If the insurer's offer seems unfair, consult a loss adjuster or lawyer
- Carefully review the settlement agreement, especially waiver clauses
- Criminal and civil settlements are separate — don't confuse them
How to Use
- Set accident type and your fault percentage.
- Select injury grade, or use the 'Simple Guide' to estimate by diagnosis period and surgery.
- Enter treatment type, inpatient days, outpatient visits, and total medical costs.
- Choose income base (default daily worker rate or custom monthly income).
- Add disability rate and future medical costs if applicable, then review results.
Frequently Asked Questions
What is a traffic accident settlement?
A traffic accident settlement is the compensation paid by the at-fault party (insurer) to the victim for damages caused by the accident. It includes consolation money, lost wages, future medical costs, and disability compensation.
How is the injury grade determined?
Injury grades are classified from Grade 1 (most severe) to Grade 14 (minor) under Korea's Automobile Damage Compensation Guarantee Act. The grade is determined by the insurer or loss adjuster based on the diagnosis and treatment period.
Is the insurer's first offer fair?
The insurer's first offer is often lower than the fair settlement amount. Use this calculator to check the estimated range and compare item-by-item details. If the difference is significant, consult a loss adjuster or lawyer.
When is the best time to settle?
It is best to settle after completing sufficient treatment. If disability is expected, wait at least 6 months after the accident. Early settlement may make it difficult to claim additional medical costs.
How does fault ratio affect the settlement?
The total compensation is reduced by your fault percentage. For example, 30% fault means 30% less settlement. Additionally, you may need to reimburse your share of medical costs based on your fault ratio.
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How It's Calculated
Traffic accident compensation in Korea generally includes:
1. Medical Expenses: Actual treatment costs (hospital bills, rehabilitation, medication) 2. Lost Wages: Daily wage × Number of days unable to work. Daily wage = Monthly income ÷ 30 (or minimum wage if unemployed) 3. Consolation Money (위자료): Fixed amounts based on injury severity (minor: ₩300K–₩1M, moderate: ₩2M–₩5M, severe: ₩5M–₩80M, death: ₩80M–₩100M) 4. Disability Compensation: For permanent disability, calculated using the McBride disability rating and Leibniz coefficient for future lost earnings 5. Fault Ratio: Total compensation is adjusted by the victim's contributory negligence percentage
Total Settlement = (Medical + Lost Wages + Consolation + Disability) × (1 − Victim Fault %)
⚠️ Disclaimer
Accident settlement amounts are highly case-specific and depend on injury documentation, fault determination, and negotiation. This calculator gives rough reference ranges only. Do not accept or reject any settlement offer based solely on this tool. Consult a traffic accident attorney for proper legal advice.