According to the financial sector on the 21st, the average annual salary of four commercial banks, including KB Kookmin, Shinhan, Woori, and Hana, was estimated at 98 million won last year. It increased by 7.75 million won (8.6%) in three years from 9,025 million won in 2017.
By bank, Kookmin Bank increased by 13 million won, the largest increase, while Woori Bank increased by 8 million won and Shinhan Bank and Hana Bank increased by 5 million won.
Among the four major banks as of the end of last year, Kookmin Bank (KRW 140 million) had the highest average employee salary, followed by Hana Bank (97 million KRW), Shinhan Bank (96 million KRW), and Woori Bank (95 million KRW).
As the salary rose, the severance pay also naturally increased. Hana Bank’s top 5 annual salaries were all topped by manager-level retirees. Each of these five received an annual salary of 1.2 billion won. He received more compensation than Hana Bank President Ji Sung-gyu, who received 1,022 million won. In particular, four of them paid more than 1 billion won as severance pay. Woori Bank also filled the top 5 positions in’salary salary’, including’salary king’, by honorary retirees at the senior level. Shinhan Bank also had 4 out of the top 5 retirees, except for Jinok-dong, which received about 1.1 billion won. Kookmin Bank also has four retired employees, except for Chairman Heo In.
On the other hand, the number of employees continues to decline. As of the end of last year, the four major banks had 57896 employees. It decreased by 2,561 people (4.2%) from the end of 2017 (60,457 people).
The decline was even greater for regular workers and indefinite contract workers. During the same period, the number decreased by 2,797 (4.9%) from 57,540 to 54743. The number of fixed-term workers increased by 1082 from 2917 to 3999 over the same period.
By bank, Hana Bank’s employee decline was the largest at 1293, followed by Kookmin Bank (625), Woori Bank (475), and Shinhan Bank (168).
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