Hyun-Jun Cho, Chairman of Hyosung Group, Received 4.517 Billion KRW in Compensation Last Year
[Asia Economy Reporter Hwang Yoon-joo] Cho Hyun-joon, chairman of Hyosung Group, received a total compensation of 4.517 billion KRW last year.
On the 30th, Hyosung announced through its business report that it paid Chairman Cho a total of 4.517 billion KRW in compensation last year. Specifically, 3.183 billion KRW in salary, 1.333 billion KRW in bonuses, and 1 million KRW in other labor income were paid.
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Regarding the bonuses, the improved performance was reflected, with last year’s sales increasing by 12.36% and operating profit rising by 52.83% compared to the previous year. Hyosung explained, "The fact that the total operating profit of the five main companies?Hyosung Corporation, Hyosung TNC Corporation, Hyosung Heavy Industries Corporation, Hyosung Advanced Materials Corporation, and Hyosung Chemical Corporation?exceeded 1 trillion KRW was also taken into consideration."
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