The Highest Salary in the Financial Sector for the First Half of the Year... Chung Tae-young, Vice Chairman of Hyundai Card, Earns 2.6 Billion KRW
No.1 Financial Holding Company, Chairman Kim Jung-tae of Hana Financial Group 2.2 Billion KRW
Insurance Company Vice Chairman Kim Yong-beom of Meritz Fire & Marine Insurance 1.5927 Billion KRW
[Asia Economy Reporter Ki Ha-young] Jung Tae-young, Vice Chairman of Hyundai Card, was found to have received the highest compensation among all financial sectors in the first half of this year.
According to the semi-annual reports disclosed on the Financial Supervisory Service's electronic disclosure system on the 17th, Jung Tae-young, Vice Chairman of Hyundai Card, received the highest compensation among current executives of financial companies in the first half of this year. Vice Chairman Jung received 1.084 billion KRW from Hyundai Card, 825 million KRW from Hyundai Capital, and 754 million KRW from Hyundai Commercial, totaling 2.663 billion KRW in compensation.
At Samsung Card, former CEO Won Ki-chan received a total of 5.82 billion KRW, including a retirement allowance of 4.76 billion KRW. In addition, Lim Young-jin, CEO of Shinhan Card, received 547 million KRW, and Lee Dong-chul, CEO of KB Kookmin Card, received 520 million KRW as compensation. Kim Dae-hwan, CEO of Samsung Card; Cho Jwa-jin, CEO of Lotte Card; Jung Won-jae, CEO of Woori Card; and Jang Kyung-hoon, CEO of Hana Card, were excluded from disclosure as their compensation did not exceed 500 million KRW.
Among the chairmen of the five major financial holding companies, Kim Jung-tae, Chairman of Hana Financial Group, received the highest compensation of 2.207 billion KRW. Following him, Cho Yong-byeong, Chairman of Shinhan Financial Group, received a total of 850 million KRW in the first half of this year. Sohn Tae-seung, Chairman of Woori Financial Group, received 699 million KRW, and Yoon Jong-kyu, Chairman of KB Financial Group, received a total of 578 million KRW. Kim Kwang-soo, Chairman of NongHyup Financial Group, was not disclosed as his compensation was below 500 million KRW.
In the insurance industry, Kim Yong-beom, Vice Chairman of Meritz Fire & Marine Insurance, received the highest compensation among current executives with a total of 1.5927 billion KRW in the first half of this year. Following him, Jung Mong-yoon, Chairman of Hyundai Marine & Fire Insurance, received a total of 1.326 billion KRW. Jung Moon-guk, CEO of Orange Life, received 1.152 billion KRW, and Won Jong-gyu, CEO of Korean Reinsurance Company, received 961.92 million KRW.
Choi Young-moo, CEO of Samsung Fire & Marine Insurance, received 693 million KRW, Ha Man-duk, Vice Chairman of Mirae Asset Life Insurance, received 627 million KRW, Lee Jae-won, CEO of Fubon Hyundai Life Insurance, received 610 million KRW, and Kim Jung-nam, CEO of DB Insurance, received 569 million KRW as compensation.
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Additionally, former CEO Hyun Sung-chul of Samsung Life Insurance received a total of 4.197 billion KRW, including a retirement income of 3.843 billion KRW, and former CEO Lee Cheol-young of Hyundai Marine & Fire Insurance received a total of 3.441 billion KRW, including a retirement income of 2.84 billion KRW.
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