Vice President Kim Received 3.427 Billion Won Last Year, Ranking First in the Industry
High-Paid Employees Receiving More Than CEOs Continue to Appear
[Asia Economy Reporter Minji Lee] The highest-paid executive in the securities industry last year was Kim Jin-young, Vice President of Hi Investment & Securities.
According to the Financial Supervisory Service's electronic disclosure system on the 30th, Vice President Kim received a total compensation of 3.427 billion KRW last year. Of the total compensation, his salary was 250 million KRW, and his bonus was 3.166 billion KRW.
When including retirement pay, the highest-paid individual was former Vice Chairman Kim Joo-won of Korea Financial Group. Kim, who recently moved to Kakao, received a total compensation of 5.447 billion KRW, of which 4.306 billion KRW was retirement income.
Choi Hyun-man, Senior Vice Chairman and CEO of Mirae Asset Daewoo, received 2.892 billion KRW last year, with a salary of 1.538 billion KRW and performance bonuses of 1.352 billion KRW.
Na Jae-chul, former CEO of Daishin Securities who was elected chairman of the Korea Financial Investment Association at the end of last year, received 2.86 billion KRW in compensation. Of this, 1.75 billion KRW was retirement income, with a salary of 620 million KRW and bonuses of 436 million KRW.
Following them were Lee Yeo-ryong, Chairman of Daishin Financial Group (2.836 billion KRW), Choi Chang-hoon, President of Mirae Asset Global Investments (2.483 billion KRW), Lee Byung-chul, Vice Chairman of KTB Investment & Securities (2.339 billion KRW), and Yoo Sang-ho, Vice Chairman of Korea Investment & Securities (2.225 billion KRW), all listed among the top earners.
Last year, several employees in the securities industry earned more than their CEOs.
Park Sun-young, Executive Director at Hanyang Securities, topped the company's salary list with 2.081 billion KRW last year. Her salary was 124 million KRW, but her bonus reached 1.948 billion KRW. Other high earners at Hanyang Securities included Director Min Eun-gi (1.966 billion KRW), Director Shin Jun-hwa (689 million KRW), and former Executive Director Nam Gung-hwan (625 million KRW), but CEO Im Jae-taek did not rank among the top five highest-paid employees within the company.
At KB Securities, Senior Manager Ko Young-woo earned 1.22 billion KRW, surpassing CEO Kim Sung-hyun's 1.102 billion KRW.
At Kyobo Securities, Director Lee Yi-nam (1.365 billion KRW) and Executive Director Lim Jung-gyu (1.182 billion KRW) earned more than CEO Kim Hae-jun (1.125 billion KRW).
At Hanwha Investment & Securities, Business Manager Choi Yong-seok earned 1.359 billion KRW, more than twice the salary of CEO Kwon Hee-baek (529 million KRW).
Among regular employees, the highest-paid individual was Kang Jung-gu, branch manager at Samsung Securities. His total compensation was 2.021 billion KRW. His salary was 76 million KRW, but his bonus of 1.97 billion KRW accounted for most of the total.
The second highest-paid employee was Deputy General Manager Jung Won-seok of Bookook Securities, with a total salary of 1.704 billion KRW last year.
Meanwhile, Lim, former head of the Prime Brokerage Service (PBS) division at Shinhan Financial Investment, who was detained in connection with the Lime Asset Management scandal, was the highest-paid employee within the company last year.
He received a total compensation of 1.541 billion KRW last year. His total salary was 358 million KRW, and his bonus reached 1.126 billion KRW. Additionally, he received 49 million KRW in retirement income and 7 million KRW in other labor income.
This amount is more than double the 684 million KRW salary of former Shinhan Financial Investment CEO Kim Byung-chul, who recently stepped down.
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