KB Financial Group Chairman Yoon Jong-gyu rose to the annual salary king last year with a remuneration of 2.66 billion won.
According to the Electronic Disclosure System of the Financial Supervisory Service on the 8th, the big three financial holdings, including KB, Shinhan, and Hana, published annual governance reports and revealed the compensation system for employees.
According to the disclosure system, the total remuneration paid to Chairman Yoon (CEO of KB Financial Group) in 2020 was 2.66 billion won, including 1.86 billion won in bonuses. Among the Big 3 financial holding companies, it was counted as Yoon Jong-gyu, chairman of KB Financial Group.
Chairman Yoon’s rise to the salary king is attributed to the huge increase in performance. An official from KB Financial Group explained, “Chairman Yoon, who received 790 million won in performance in 2019, took over 1.86 billion won, more than doubled last year.”
Hana Financial Group Chairman Kim Jeong-tae, who had the most annual salary among the chairman of the holding company, Last year, the total amount of remuneration was 2.63 billion won (including 1.79 billion won in bonuses). He received 30 million won lower pay than Chairman Yoon. However, compared to the previous year This is an increase of 140 million won.
KB Financial Group’s average salary for executives has also increased significantly. The average annual salary per unregistered executive increased by more than 110 million won from 382 million won in 2019 to 490 million won last year.
The actual public announcement showed that the average salary for employees was 166 million won, an increase of 14 million won (9.2%) from the previous year, but when executives were excluded, the annual salary level was the same as the previous year.
In addition, Cho Yong-byung, chairman of Shinhan Financial Group, received a remuneration of KRW 1.3 billion, including incentives of KRW 500 million in 2020 alone, and the total amount and the scale of incentives were not different from those in 2019.