Kim Yong-beom, Meritz Vice Chairman, Exercises Full Stock Options to Receive 81.4 Billion KRW

Kim Yong-beom Tops Financial Sector with 8.32 Billion KRW in Compensation Last Year
Choi Hee-moon, Vice Chairman of Meritz Securities, Earns 2.78 Billion KRW
Kwon Tae-gil, CEO of Meritz Capital, Gains 1.1 Billion KRW in Profit

Kim Yong-beom, Vice Chairman of Meritz Financial Group, exercised all of his stock options last year, earning a profit of 81.4 billion KRW.

According to the 2024 business report disclosed by Meritz Financial Group on the 19th, Vice Chairman Kim exercised all 992,161 stock options available for exercise last year and received 81.04 billion KRW.

Kim Yong-beom, Vice Chairman of Meritz Financial Group.

Kim, who was appointed CEO of Meritz Financial Group in 2014, was granted stock options for 1,232,000 common shares in March 2015. The number of exercisable shares was adjusted due to treasury stock cancellations and other factors. The exercise period ended at the end of last year.

Including this stock option exercise, Kim's total compensation last year reached 83.27 billion KRW, expected to be the highest in the financial sector.

Since Kim's appointment, Meritz Financial Group's net income increased tenfold from 237.6 billion KRW in 2014 to 2.3344 trillion KRW last year. The stock price at the time of his appointment was around 6,500 KRW, but it rose sixteenfold to 104,000 KRW by the end of last year. As of the closing price on this day, it jumped to 120,100 KRW.

During the same period, Choi Hee-moon, Vice Chairman of Meritz Securities, and Kwon Tae-gil, CEO of Meritz Capital, who were also granted stock options, exercised their options last year. Vice Chairman Choi exercised 426,953 shares at a price of 28,200 KRW per share, earning a profit of 27.8 billion KRW. CEO Kwon exercised 133,501 shares at 11,430 KRW, realizing a profit of 11 billion KRW.