Gu Ja-yeol, Chairman of LS Group, Earns 3.5 Billion KRW in First Half... Gu Ja-gyun Chairman Earns 2.2 Billion KRW

[Asia Economy Reporter Suyeon Woo] Koo Ja-yeol, chairman of LS Group, received a salary of 3.5 billion KRW in the first half of this year, making him the highest-paid executive within the group. Koo Ja-gyun, chairman of LS Electric and younger brother of Koo Ja-yeol, received a salary of 2.2 billion KRW.

According to the LS business report on the 17th, Koo Ja-yeol received a total compensation of 3,499 million KRW in the first half of this year. His base salary was 1,254 million KRW, and bonuses amounted to 2,245 million KRW. The company stated, "We evaluated last year's business performance and paid a short-term performance bonus of 1,348 million KRW this year. The long-term performance bonus was paid by comparing the last year's business results of major subsidiaries with the average performance of the previous three years."

Koo Ja-gyun, who leads the core affiliate LS Electric, received a first-half salary of 2,199 million KRW. His base salary was 1,199 million KRW, and bonuses were set at 999 million KRW. The company explained the basis for calculating the performance bonus, saying, "We considered the achievement of a pre-tax profit of 145.2 billion KRW and the efforts to strengthen the global network and secure new growth business capabilities amid a challenging business environment, thereby laying the foundation for future growth."

Koo Ja-yeol, Chairman of LS Group

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