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[Graphic News] More Koreans say they plan long-distance trips this year
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[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
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North Korea removes streetlights along cross-border roads with South
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Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
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Farming households dip below 1m for first time in 2023
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South Korea's financial regulator said Tuesday it will curb existing bonus policies for senior executives at financial firms from December.
Starting Dec. 4, a financial executive will be given an annual bonus equal to 60 percent of the total with the rest to be paid over the next three years, the Financial Services Commission said in a statement.
Starting Dec. 4, a financial executive will be given an annual bonus equal to 60 percent of the total with the rest to be paid over the next three years, the Financial Services Commission said in a statement.
If the financial executive incurs a loss during the three-year period, the rest of the executive's annual bonus will be cut. If the loss is huge, the executive's bonus could be seized.
The regulation is aimed at preventing financial executives from focusing on short-term investment projects for bonus payment, the FSC said in a statement.
The regulation was approved at a Cabinet meeting earlier in the day, the FSC said. (Yonhap)
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