Seo Jung-jin, Honorary Chairman of Celltrion, Earns 11.5 Billion KRW in First Half-Year Compensation

[Asia Economy Reporter Oh Ju-yeon] Seo Jung-jin, Honorary Chairman of the Celltrion Group, received a total compensation of 11,477 million KRW including retirement pay from Celltrion and Celltrion Healthcare.

[Image source=Yonhap News]

According to the semi-annual reports of Celltrion and Celltrion Healthcare on the 17th, Honorary Chairman Seo received 6,175 million KRW in compensation from Celltrion in the first half of this year. Of this, salary was 291 million KRW, bonuses were 73.6 million KRW, and retirement income was 5,892.7 million KRW.

Celltrion explained, "Honorary Chairman Seo's retirement income includes a retirement pension of 2,170 million KRW due to his retirement on March 26 this year, and a special consolation payment of 3,785 million KRW evaluated quantitatively and qualitatively for his entire period of service."

Honorary Chairman Seo served as chairman of Celltrion but stepped down from the position at the shareholders' meeting in March this year.

Honorary Chairman Seo also received 5,320 million KRW in compensation including retirement pay from Celltrion Healthcare in the first half of this year. Salary was 1,016 million KRW, and retirement income was 4,286 million KRW. The total retirement pay received from both Celltrion and Celltrion Healthcare amounted to 10,178.7 million KRW.

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