Daesang Holdings Reports 20% Decrease in Operating Profit Last Year... Chairman Lim Chang-wook's Compensation 2 Billion KRW

Chairman Lim, Last Year's Bonus Unpaid

Daesang Holdings announced on the 14th that its operating profit last year decreased by 20% compared to the previous year, recording 114.6 billion KRW.

According to Daesang Holdings' business report, the company’s sales last year increased by 0.6% year-on-year to 5.2594 trillion KRW. Net profit for the period was 65.5 billion KRW.

Chairman Lim Chang-wook received a compensation of 2 billion KRW through Daesang Holdings last year. All of it was salary, evenly paid in 12 installments based on the company’s Performance Compensation Committee decision on the base salary. Since no bonuses were received last year, the total compensation decreased by 11% compared to the previous year.

Vice Chairman Park Hyun-joo’s compensation was 1.35 billion KRW. Similarly, with no bonuses received, his compensation also decreased compared to the previous year.