Korean Executive Compensation
South Korean corporate executives affiliated with the top 10 chaebol received $382,000 in average annual pay last year. In contrast, non-executive workers averaged about $37,000.
According to corporate disclosures reported to the Financial Supervisory Service (FSS), the top 10 chaebol companies paid out a combined $195 million to a total of 509 executives, outside directors and auditors in 2005.
Samsung topped the list with its executives collecting about $813, 000, with LG, whose executives received $400,000, second.
Hyundai Automotive Group executives averaged about $284,000. Korean compensation is often a base wage plus bonuses.
According to corporate disclosures reported to the Financial Supervisory Service (FSS), the top 10 chaebol companies paid out a combined $195 million to a total of 509 executives, outside directors and auditors in 2005.
Samsung topped the list with its executives collecting about $813, 000, with LG, whose executives received $400,000, second.
Hyundai Automotive Group executives averaged about $284,000. Korean compensation is often a base wage plus bonuses.
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