Internet bank average annual salary of 80 million won… Yoon Ho-young, CEO of Kavin, is 560 million won

Input 2021.04.05 15:10 | Revision 2021.04.05 15:24

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The average salary for employees of Internet banks such as Kakao Bank and K-Bank was estimated at 80 million won. Kakao Bank CEO Yoon Ho-young, whose annual salary was first revealed, received an annual salary of 565 million won last year, which was far below the level of the annual salary received by commercial bank heads.

According to the annual report on governance and compensation system announced by Kakao Bank and K-Bank on the 5th, the average salary for employees of Kakao Bank last year was 79 million won and K-bank was 80 million won.

Looking at the average salary for employees over the past three years, Kakao Bank has increased every year to ▲66 million won in 2018 ▲71 million won in 2019 ▲79 million won in 2020. K-Bank ▲72 million won in 2018 ▲82 million won in 2019 ▲80 million won in 2020.

In the case of Internet banks, the number of employees with experience throughout the year tends to be large, so the total amount of remuneration reflects the’actual payment’ rather than the’annual conversion amount’ of mid-term employees. For this reason, the two banks explained that it is important to note that there may be a difference between the average employee compensation and the actual average compensation value disclosed in the report. In addition, although the number of retirees during the year is excluded from the number of employees, it is also necessary to consider that the remuneration paid to retirees is included in the total employee remuneration.

Kakao Bank CEO Ho-young Yoon received a total annual salary of 566 million won, combined with a salary of 356 million won and an incentive wage of 280 million won last year. The only employee of Kakao Bank to receive more than 500 million won in salary was disclosed for the first time through the Financial Supervisory Service Electronic Disclosure System Business Report.

It was found that Yoon’s annual salary was significantly less than the annual salary received by major commercial bank presidents last year. Looking at the combined salary and bonuses of the four major commercial banks last year, Heo In, the head of KB Kookmin Bank, was 1.72 billion won, Jin Ok-dong, the head of Shinhan Bank, 1.13 billion won, Ji Sung-gyu, the former head of Hana Bank, 1.22 billion won, and Kwon Kwang-seok, head of Woori Bank, was 553 million won. . The difference is more than 1 billion won from President Heo, who was named’Bank Chief’s Annual Salary King’. The annual salary of the bank president of K-Bank was not disclosed because it was less than 500 million won.

In the case of this year, it is observed that the salary gap between CEO Yoon and the head of a commercial bank will narrow further. As Kakao Bank achieved its first annual surplus last year, it is expected that the incentives that Yoon will receive in the first quarter of this year will increase. In addition, CEO Yoon was granted a stock option (share purchase option) of 520,000 shares (5,000 won at the event) in March 2019. I can. The event conditions include 13 million customers and a profit of 130 billion won before corporate tax.

Kakao Bank, a leading Internet banking company, has also shown that the number of employees and assets has grown rapidly over the past three years. The number of employees including interns at Kakao Bank ▲ 603 at the end of 2018 ▲ 786 at the end of 2019 ▲ 913 at the end of 2020, an increase of more than 100 every year. Assets were ▲5,842.2 billion won at the end of 2017 ▲12,126.7 billion won at the end of 2018 ▲22,7241 billion won at the end of 2019 ▲26,649.9 billion won at the end of 2020.

On the other hand, K-Bank, whose loan business was suspended until the first half of last year due to capital expansion problems, maintained the same number of employees: ▲ 249 at the end of 2018 ▲ 287 at the end of 2019 ▲ 299 at the end of 2020. K-Bank’s total assets are ▲2,184.7 billion won at the end of 2018 ▲2,558.6 billion won at the end of 2019 ▲3,279.9 billion won in the third quarter of 2020.