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Samsung Electronics, which increased operating profit of 36 trillion won in the aftermath of a novel coronavirus infection (Corona 19) last year(80,900 -0.61%)Paid a heavy annual salary to former and current management and executives and employees.
According to last year’s business report on the 10th, Samsung Electronics paid a total of 33 billion won in salary to 12 registered executives (directors and auditors) including Vice Chairman Kim Ki-nam last year.
Among these, the executive who received the most compensation was advisor Kwon Oh-hyun (17.3 billion won), who left the field last year. In January of last year, it received 140 million won, and from February, it received 63 million won a month according to the commission of an advisor, and received 792 million won of salary.
Advisor Kwon received a total of 73.2 billion won in bonuses, including Lunar New Year and Chuseok bonuses, long-term performance incentives, and special bonuses. In addition, it received 9,290 million won in retirement income according to the executive retirement payment regulation and 119 million won in other earned income under the executive treatment regulations.
In terms of bonuses, Samsung Electronics is calculated in consideration of the fact that the company achieved annual company-wide sales of 23.8 trillion won and 36 trillion won in operating profit last year, and contributed to the presentation of future technologies and mid- to long-term business directions in the semiconductor (DS) sector in relation to non-quantitative indicators, and fostering next-generation managers. I said.
Adviser Yoon Buk-geun, who stepped down from the front line of management with Kwon, received a total of 1,527 billion won, including severance pay of 6 billion won, and Adviser Jong-gyun Shin added 5.9 billion won in severance pay and received a total of 1,327 billion won.
All of the current management’s annual salaries have also more than doubled. Vice Chairman Kim Ki-nam of DS Division received 8,274 billion won last year, and Ko Dong-jin, President of IM (IT Mobile) Division, received 6.72 billion won. Kim Hyun-seok, president of the CE (consumer electronics) division, received 54.57 billion won.
In addition, Han Jong-hee, head of the video display division (president), received 4,183 million won, and Choi Yun-ho, head of the management support office (president), received 3,28 billion won as compensation. Lee Sang-hoon, the former chairman of the board of directors of Samsung Electronics, received a total of 4.594 billion won.
Samsung Electronics also saw a significant increase in employment and average wages. At the end of last year, the number of domestic employees at Samsung Electronics reached a record high of 109490, reaching 110,000. Their average salary per person was 127 million won (excluding 11 registered executives including three representative directors), an increase of about 17.6% from the previous year.
Samsung Electronics’ facility investment last year recorded 38.5 trillion won, the highest since 2017 (43.4 trillion won) during the semiconductor boom. An increase of 1.1 billion won from the previous year. It is analyzed that the effect of the transition to advanced processes and plant expansion is large. Last year’s R&D expenditure was totaled at 21.2 trillion won, an increase of 1 trillion won compared to 2019.
As of the end of last year, Samsung Electronics’ five major customers were Apple, Best Buy, Deutsche Telecom, Hong Kong Techronics, and Verizon. Unlike the previous year, Huawei of China was excluded. The number of patents registered by Samsung Electronics worldwide was 19,7749, an increase of 9.8% from the previous year.
Seongsu Bae, reporter of Hankyung.com [email protected]