More executives earning over W500m a year

By 임정요

Published : April 1, 2016 - 16:30

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A rising number of executives in South Korea earned more than 500 million won ($437,000) a year in 2015, a stock-evaluating website said Friday.

A total of 748 corporate executives earned more than 500 million won ($437,000) in annual salaries and other income. The figure marks a 3.9 percent increase from 720 executives in the previous year, said Chaebul.com.

The results were based on the paychecks of the standing board members at 2,643 nationwide companies. Severance pay and stock options were included in the survey.

Samsung Electronics vice chairman Kwon Oh-hyun (Yonhap)

Among the list, one-fourth were from the country‘s 10 largest conglomerates. Samsung Group topped the list, followed by Hyundai Motor Group, SK Group and LG Group.

Samsung Electronics vice chairman Kwon Oh-hyun was the highest-paid executive in the list with an annual income of 14.95 billion won last year, up 59 percent from the year before.

Hyundai Motor Group chairman Chung Mong-koo (Yonhap)

Hyundai Motor Group chairman Chung Mong-koo was paid 9.8 billion won, down 30 percent from 14 billion won.

Hyundai Group chairwoman Hyun Jeong-eun bagged 4.53 billion won, while Doosan Heavy Industries & Construction’s vice chairman Park Ji-won received 1.76 billion won.

(khnews@heraldcorp.com)

More executives earning over W500m a year

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