Choi Suyeon Receives 2.55 Billion Won in the First Half, Surpassing Lee Haejin
Han Seongsook Tops Naver's Compensation List with 5.22 Billion Won
Hong Euntaek and Jung Sinah Lead Kakao's Executive Pay
Naver CEO Choi Suyeon received a total compensation of 2.55 billion won in the first half of the year, making her one of the highest-paid executives. Choi's total compensation exceeded that of Lee Haejin, the founder and Chairman of the Board at Naver.
According to Naver's semi-annual report released on August 14, Choi received 450 million won in salary, 2.061 billion won in bonuses, and 39 million won in other employment income, totaling 2.55 billion won for the first half of the year.
Lee Haejin, who returned to the management front line in March, received 770 million won in salary, 760 million won in bonuses, and 680 million won in other employment income, amounting to a total of 1.598 billion won in the first half of the year.
As of the end of the first half, Naver had 4,856 employees (including contract workers), and the average salary per employee was 92 million won, up 16 million won from the previous year.
Han Seongsook, who stepped down as Head of European Business Development in March and is now Minister of SMEs and Startups, received 5.223 billion won from Naver in the first half, making her the highest-paid individual at Naver during this period.
At Kakao, former CEO Hong Euntaek (currently an advisor) received 480 million won in salary and 800 million won in bonuses, totaling 1.28 billion won in the first half of the year.
Kakao CEO Jung Sinah followed, receiving 425 million won in salary, 504 million won in bonuses, and 4 million won in other employment income, for a total of 933 million won in the first half.
Meanwhile, Kim Beomsoo, Head of the Future Initiative Center, is a non-registered executive. Although his compensation ranked among the top five, he was not subject to the disclosure requirement for executives receiving more than 500 million won, so his salary was not disclosed in the semi-annual report.
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