Yoon apologizes for Busan's Expo bid failure; Mayor open to 2035 rebid
AI robots to aid English education in Seoul schools
Samsung promotes execs in 30s, 40s for future growth
State-run body says 'cannot hire women' applicants
As streaming services raise fees, some turn to illegal streaming sites
Lotte Group chairman highest-paid biz leader in S. Korea during H1By Yonhap
Published : Aug. 14, 2023 - 20:08
Lotte Group Chairman Shin Dong-bin was rated as the highest-paid business tycoon among South Korea's major conglomerates in the first half of 2023, data showed Friday.
Shin received a total of 11.2 billion won (US$8.4 million) in paychecks over the January-June period from six affiliates, slightly up from 10.2 billion won tallied a year earlier, according to the group's regulatory filing.
Of the total, he received 4.53 billion won from Lotte Corp., the controlling unit of the retail conglomerate.
SK Group Chairman Chey Tae-won earned 3 billion won, including 1.25 billion won from South Korea's No. 2 chipmaker SK hynix Inc.
Hyundai Motor Group Executive Chair Euisun Chung received 3.25 billion won in wages over the period, unchanged from the previous year.
LG Group Chairman Koo Kwang-mo received 5.9 billion won, down from 7.1 billion won earned the previous year, the conglomerate's regulatory filing showed.
GS Group Chairman Huh Tae-soo made 4 billion won, down 1.31 billion won from a year earlier.
Hanjin Group Chairman Cho Won-tae received 5.5 billion won, marking more than a threefold growth from 1.7 billion won posted in the previous year. He earned 2.6 billion won from the group's key affiliate, Korean Air Lines Co.
Hanwha Group Chairman Kim Seung-youn earned 5.4 billion won.
Samsung Electronics Chairman Lee Jae-yong, meanwhile, has not been receiving any paychecks since 2017.
BOK holds key rate steady, cuts 2024 growth outlook
Yoon revives policy chief of staff position
NK will never discuss 'sovereignty' with US, says Kim Yo-jong