NC's Kim Taek-jin Tops IT Industry Mid-Year Salary with 9.4 Billion Won (Comprehensive)
[Asia Economy Reporter Buaeri] Kim Taek-jin, CEO of NCSoft, received 9.4 billion KRW in compensation in the first half of this year, securing the top salary position in the IT industry.
According to NCSoft's 2021 semi-annual report on the 17th, CEO Kim received a total of 9.442 billion KRW, including a salary of 1.122 billion KRW, bonuses of 8.318 billion KRW, and other labor income of 20 million KRW in the first half of this year.
Compared to the 13.292 billion KRW he received in the first half of last year, this is about a 29% decrease, but it remains the highest level across the IT industry.
An NCSoft official explained, "We implement a compensation policy linked to performance," adding, "CEO Kim's first-half compensation reflects the operating profit of the previous performance year, which was at the same level as the previous year."
Han Seong-sook, CEO of Naver, received 2.18 billion KRW in compensation in the first half of this year. Lee Hae-jin, founder and Global Investment Officer (GIO), took home 1.158 billion KRW.
CEO Han received a salary of 600 million KRW, bonuses of 1.57 billion KRW, and other labor income of 10 million KRW in the first half of this year.
Choi In-hyuk, former Chief Operating Officer (COO), received 1.5 billion KRW. He resigned from his position at Naver in May, taking moral responsibility after an employee committed an extreme act due to workplace harassment.
At Kakao, co-CEO Cho Soo-yong received a total of 4.281 billion KRW, including a salary of 370 million KRW and bonuses of 3.96 billion KRW. Co-CEO Yeo Min-soo received 2.41 billion KRW, and Chairman of the Board Kim Beom-su received 750 million KRW.
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Key executives such as Bae Jae-hyun, Head of Investment Division (8.17 billion KRW), Shin Jeong-hwan, Head of New Business (6.48 billion KRW), and Kwon Seung-jo, former Head of Intellectual Property Division (6.192 billion KRW) earned high compensation by exercising stock options.
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