Ki-Nam Kim Head of DS Division at Samsung Electronics (Vice Chairman). Photo = Samsung Electronics
Samsung Electronics last year(83,100 -0.12%) Major executives’ annual salaries were found to have doubled.
According to the Financial Supervisory Service on the 18th, the total amount of remuneration paid by the company to 11 registered directors (5 inside directors and 6 outside directors) such as Kim Ki-nam, head of DS division (Vice Chairman) last year was estimated at 33.7 billion won. In 2019, they received a total of 17.9 billion won.
In the case of outside directors, compensation is fixed according to the’Outside Director Treatment Regulations’, but the compensation for inside directors is’target incentive’, which is paid twice a year within 200% of monthly salary, and’performance incentive’ within 50% of annual salary, and yield. Based on the fact that it depends on the’long-term and incentives’ paid in installments for three years, the increase is mostly attributed to the executive directors.
Accordingly, the remuneration of five major Samsung Electronics executives who were named as registered directors, including Vice Chairman Kim Ki-nam, is estimated to be about 32.8 billion won. By simple calculation, it is an average of 6,560 million won per person.
Currently, Samsung Electronics’ internal directors are Ki-Nam Kim, Vice Chairman of Device Solutions (DS) Division, Hyun-Seok Kim, President of Consumer Electronics (CE) Division, Dong-jin Ko, President of IT & Mobile (IM) Division, Jonghee Han, President of Video Display (VD) Division, and Yunho Choi, Chief Financial Officer (CFO). Such as the president.
Reporter No Jeong-dong Hankyung.com [email protected]
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