Pearl Abyss Announces Additional Compensation Policy Including 8 Million KRW Salary Increase and Company Shares...

[Asia Economy Reporter Kang Nahum] Pearl Abyss, which concluded its annual salary negotiations earlier this year, has announced additional compensation policies including an 8 million KRW salary increase and company stock grants.

According to Pearl Abyss on the 24th, in addition to the amount raised through salary negotiations in January, a separate uniform increase of 8 million KRW will be applied starting next month on the 1st.

This applies to both regular and contract employees, and the starting salary table for new hires will also be adjusted by job category. An additional bonus of 2 million KRW as extra compensation for employees' hard work will be paid uniformly on the 1st of next month. Company stocks will also be granted to employees. The scale and criteria for this will be set and announced internally at a later date.

Accordingly, the current starting salary of 42 million KRW for developers will rise to over 50 million KRW.

Pearl Abyss abolished the comprehensive wage system for the first time in the industry in 2017 and has been paying overtime wages based on actual working hours.

Additionally, welfare programs include childcare allowances of 500,000 KRW per child per month without limit on the number of children, a residence allowance of 500,000 KRW per month for living near the company, housing loan interest support, tuition support for children, and housekeeping cleaning support.

A Pearl Abyss representative stated, "This is in line with Pearl Abyss’s HR compensation philosophy of providing 'the highest level of rewards for the highest efforts.'"

This content was produced with the assistance of AI translation services.