I picked a BMW as a bonus… Pangyo is another world that reduces salary increase

# Mr. A, who works as a developer at a startup, is looking to change the existing compact car to the BMW 5 Series. I tried to buy a car next year to go to school, but I changed my car earlier this year because my salary was higher than expected. Mr. A explained, “The salary negotiations are definitely different from the previous year,” he said. “The HR team first suggested a higher increase rate than before, whether it is the effect of how many developers on the same team have recently turned over.”
A warm wind is blowing in Pangyo, which is called Korea’s Silicon Valley. This is because the salary increase relay, which started with Nexon earlier this year, is spreading not only to game companies but also to the IT industry as a whole. In particular, developers have become’precious bodies’ through the 4th industrial revolution and rapid digital transformation. IT companies are paying unprecedented compensation to prevent manpower outflow and recruit talent. In the past, due to its low salary and difficult working environment, the development profession was considered a 3D industry, but now it has become a leader in raising the ransom in the IT industry. Signing bonuses, which are bonuses received on the condition of not moving to another company for several years, have become more common in the IT industry, and the amount of money has increased. Breathtaking employees are screaming joyful as they go to repay their debts or search for real estate and cars.
An employee of a large IT company in Pangyo said, “Incentives and year-end settlement have been incurred in retroactive January salary increases.” The dealer I met at the BMW store in Pangyo explained, “Weekends are full of test drives and consultations.”

On the 11th, the food hall of Hyundai Department Store’s Pangyo branch was filled with visitors for lunch. [사진 = 배윤경 기자]

When the salary rises, the real estate leans… Local commercial districts also breathe

In Bundang, Seongnam, house prices have risen by 200-300 million won every year since the end of 2019. Due to real estate regulations, transactions seemed to be slowing until the beginning of the year, but as large-scale incentives have been released, more and more people are trying to revisit their homes in recent years. Pangyo employees looking for monthly rent are turning to jeonse, and employees looking for jeonse are turning to trading.
Officetels with a deposit of 150 million won or less in a jeonse may suffer from shortages. This is the price that unmarried workers working for Pangyo IT companies usually visit. Many of the Pangyo IT companies operate a welfare system that supports loan interest in the case of home sales or charter transactions. Usually, the cost of loans related to housing funds is supported at the actual cost within the limit of about 500,000 won. With a deposit of 150 million won, there is almost no interest burden even if the cheonsei loan limit is full.
“In fact, as bank loans were blocked at the beginning of this year, inquiries were sharply reduced, and in the past month or so, the number of people interested in quick sales has increased significantly,” said Mr. B, a real estate agent in Bundang, Seongnam. “There are many people who ask to find a jeonse, saying that the company provides interest on cheonsei loans.”
The Pangyo Techno Valley commercial district, which was concentrated just before the exam due to the spread of telecommuting in the IT industry, is also reviving. In the summer of last year, when Corona 19 was in full swing, people gathered in the streets that were like ghost towns and lined up at famous stores. It is difficult to find an empty seat at lunch in the restaurant area of Hyundai Department Store’s Pangyo branch near Pangyo Station on the Sinbundang Line.
The high-end restaurant, which closed the business of lunch at all because office workers did not come, has recently increased its operating hours due to increased reservations. An employee of a Japanese restaurant said, “We have increased the break time since there were no guests due to the effect of Corona 19 from the beginning of last year, but we have recently reduced it again.” .

[사진 제공 = 엔씨소프트]

Nexon’s annual salary increase competition… New employees with billions of annual salary are likely to come out

The rush to raise salaries in the IT industry is expected to continue for the time being. On this day, NCsoft announced that it would increase its annual salary by at least 13 million won for developers and at least 10 million won for non-development workers. Apart from the annual salary increase and regular incentives, a special CEO incentive is also paid 8 million won. Special CEO incentives are given to regular employees as well as contract workers, dispatched workers, and interns, regardless of job or position.
In addition, NCsoft decided to abolish the college graduate’s starting point and set an annual salary based on the non-comprehensive wage system from 55 million won for the developer and 47 million won for the non-development worker. This is a minimum guarantee concept, and there is no upper limit, so you can receive the industry’s highest level of annual salary depending on your expertise.
Earlier last month, Nexon, which announced its plan to increase the annual salary of all employees by 8 million won, raised the annual salary of new developers to 50 million won. Following this, Netmarble, Gameville, and Com2uS all raised their annual salary by 8 million won, and Kraftton raised the annual salary of new development workers by 20 million won to 60 million won.
It’s not just the game industry. Even if it is not located in Pangyo, wage increases are being made across the IT industry. Carrot Market has declared a developer annual salary of at least 50 million won. Yanolja recently decided to pay 10 million won in shares to all employees, and Coupang, listed on the New York Stock Exchange, gave a 50 million won signing bonus to experienced developers last year.
An official in the IT industry said, “As the salaries of developers who struggled with Park Bong are increasing compared to the workload, the salaries of non-development workers are increasing, and the salaries are increasing. “The rush to raise salaries in the IT industry will continue for the time being,” he said. Some people feel relatively deprived. A general employee of a large game company said, “It’s good that the developer’s salary rises, but it’s also true that we (general workers) are relatively less upset,” he said. He added, “I still want to make a great trip with my family thanks to the increased salary.”
[배윤경 매경닷컴 기자 [email protected]]

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