Park Chan-gu, Chairman of Kumho Petrochemical, Received 2.116 Billion KRW Salary Last Year
Excluding Unpaid Honorary Chairman Tenure
President Park Jun-kyung Earns 746 Million Won
Park Chan-gu, chairman of Kumho Petrochemical Group, received approximately 2.1 billion KRW in compensation from Kumho Petrochemical last year.
According to the 2023 business report disclosed by Kumho Petrochemical on the 14th, Chairman Park received a total of 2.116 billion KRW, including a salary of 1.674 billion KRW, a bonus of 410 million KRW, and other labor income such as long-term service awards amounting to 41 million KRW.
![Park Chan-gu, Chairman of Kumho Petrochemical Group. <br>[Photo by Kumho Petrochemical Group]](http://www.asiae.co.kr/news/img_view.htm?img=2022111710240320147_1668648243.jpg)
Park Chan-gu, Chairman of Kumho Petrochemical Group.
[Photo by Kumho Petrochemical Group]
Chairman Park resigned from his position in May last year and served as an unpaid honorary chairman, so his salary was paid for nine months excluding this period.
Chairman Park was indicted on charges including breach of trust under the Act on the Aggravated Punishment of Specific Economic Crimes, and in December 2018, the Supreme Court confirmed a sentence of three years in prison with a five-year probation. During the probation period, he was appointed CEO of Kumho Petrochemical in March of the following year, but the Ministry of Justice did not approve his employment. Park filed a lawsuit to cancel the employment disapproval, but in October 2022, the Supreme Court remanded the case with a ruling unfavorable to the plaintiff.
After withdrawing the lawsuit last year, Park stepped down from frontline management in May and served as an unpaid honorary chairman. He was reinstated by a special pardon on August 15, Liberation Day, and six months after stepping down as chairman, he was appointed CEO of Kumho Mitsui Chemicals in November, returning to management.
Hot Picks Today
!["Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①](https://cwcontent.asiae.co.kr/asiaresize/93/2026051914165468840_1779167814.png)
"Rather Than Endure a 1.5 Million KRW Stipend, I'd Rather Earn 500 Million in the U.S." Top Talent from SNU and KAIST Are Leaving [Scientists Are Disappearing] ①
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- Controversy Over Mysterious Numbers at Starbucks: From Sewol Ferry and Park Geun-hye to May 18
- Our Dogs Visit the Vet Up to Five Times a Year... Annual Veterinary Costs Average 580,000 Won
- "How Did an Employee Who Loved Samsung End Up Like This?"... Past Video of Samsung Electronics Union Chairman Resurfaces
Park’s eldest son, Park Jun-kyung, CEO of Kumho Petrochemical, received a total of 746 million KRW last year, including a salary of 624 million KRW, a bonus of 118 million KRW, and other labor income such as medical expense support amounting to 4 million KRW. CEO Baek Jong-hoon received an annual salary of 614 million KRW, including a salary of 496 million KRW, a bonus of 85 million KRW, and other labor income of 33 million KRW.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
