NCsoft CEO Is Korea's Fattest Cat
24 March, 2021
NCsoft CEO Kim Taek-jin earned the best salary in Korea this past year with W18.4 billion including bonuses (US$1=W1,131).
Second was CJ Group chairman Lee Jay-hyun with W12.4 billion and third Lotte chairman Shin Dong-bin with W11.2 billion.
The CEO of the overall game developer may be the first self-manufactured entrepreneur rather than big-business scion to rank near the top of the wage pyramid. Kim's earnings was W2.12 billion, but he also earned W16.3 billion in incentives and bonuses.
NCsoft's sales jumped 42 percent this past year while operating earnings surged 72 percent.
Among the heads of the country's four important conglomerates, LG chairman Koo Kwang-mo took home the fattest paycheck with a earnings of W4.37 billion and W3.64 billion in bonuses. Next was SK chairman Chey Tae-won with W6.3 billion incorporating W3.3 billion from SK Company and W3 billion from SK Hynix.
Hyundai Electric motor chairman Chung Eui-sun earned W5.98 billion and his father Chung Mong-koo, who ceded control this past year, W56.7 billion incorporating W52.7 billion in severance pay.
Samsung chief Lee Jae-yong spent some time working without salary for four years now since he was first accused of bribing ex-President Park Geun-hye in 2017.
Among different tech tycoons, Naver founder Lee Hae-jin earned W1.98 billion and Kakao chairman Kim Beom-su W530 million.
Samsung Electronics vice chairman Kim Ki-nam was the highest-paid executive would you not actually private the strong he works for with W8.27 billion. Second was SK Telecom president Park Jung-ho with W7.38 billion.
Income rose sharply among executives of online and video game companies whose business boomed found in lockdown. Kakao CEO Yeo Min-soo earned W6.48 billion including W4.45 billion in commodity. Co-CEO Joh Su-yong, who didn't exercise his stock alternative, earned W3.48 billion.
NCsoft managing director Lee Sung-ku earned W4.9 billion, and vice president Yoon Jae-soo W4.49 billion. Other unwanted fat cats had been Netmarble CEO Kwon Young-sik (W4.42 billion) and Naver CEO Han Seong-sook (W3.46 billion).
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