Chairman Chey Tae-won of SK Receives 1.75 Billion KRW in Compensation for First Half of the Year

Chairman Chey Tae-won of SK Group / Photo by Hyunmin Kim kimhyun81@

[Asia Economy Reporter Ryu Tae-min] Chey Tae-won, chairman of SK Group, received 1.75 billion KRW from SK, the group's investment company, in the first half of this year.

According to the semi-annual report announced by SK on the 16th, Chairman Chey received this amount as salary under the title of representative director chairman. Following last year, he decided not to receive bonuses from SK Hynix. Although his salary was paid monthly, the exact amount was not disclosed as it was not subject to public disclosure.

Additionally, he also decided not to receive bonuses from SK besides his salary. SK explained the reason for Chairman Chey not receiving bonuses as "considering the unfavorable macroeconomic conditions, the board of directors decided not to pay bonuses."

On the other hand, professional managers Cho Dae-sik, chairman of the SK Supex Council (inside director of SK), and Jang Dong-hyun, vice chairman and CEO of SK, received compensation exceeding 5 billion KRW each. Chairman Cho received a total of 5.82 billion KRW in the first half, including 1.2 billion KRW in salary, 4.453 billion KRW in bonuses, and 167 million KRW in stock option exercise gains.

Vice Chairman Jang received 1 billion KRW in salary, 4.082 billion KRW in bonuses, and 139 million KRW in stock option exercise gains, totaling 5.221 billion KRW in compensation. Additionally, SK President Lee Yong-wook, who received 550 million KRW in salary, 1.606 billion KRW in bonuses, and 2 million KRW in other labor income, received 2.158 billion KRW in total compensation, which is more than Chairman Chey.