Kang Ho-chan, Nexen Vice Chairman, Earned 1.068 Billion KRW Last Year
[Asia Economy Reporter Choi Dae-yeol] Kang Ho-chan, Vice Chairman of Nexen Tire (photo), received 1.068 billion KRW in compensation from the company last year.
According to the company's business report released on the 18th, Vice Chairman Kang received 927 million KRW in salary and 141 million KRW in bonuses. Kang is the largest shareholder of Nexen Co., Ltd., the holding company and major shareholder of Nexen Tire, holding a 3.25% stake in Nexen Tire.
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Except for Vice Chairman Kang, no board members or company employees received more than 500 million KRW. Kang's father, Chairman Kang Byung-jung, did not receive any compensation separately. The company's consolidated operating profit last year was 4.39188 billion KRW, down about 88% compared to the previous year.
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