Chairman Euisun Chung Received 3 Billion Won in Compensation from Hyundai Mobis Last Year, Down 31% from Previous Year

It has been revealed that Euisun Chung, Chairman of Hyundai Motor Group, received approximately 3 billion won in compensation from the group affiliate Hyundai Mobis last year.

Hyundai Motor Group Chairman Euisun Chung is attending the Korea-US Business Roundtable held at Gyeongju Arts Center in Gyeongju, Gyeongbuk Province on October 29, 2025. Photo by Kang Jin-hyung

According to Hyundai Mobis's 2025 business report disclosed on the 9th, Chairman Chung received a salary of 1.8 billion won and a bonus of 1.26 billion won from Hyundai Mobis, totaling 3.06 billion won.

This is a decrease of 30.9% (1.371 billion won) compared to the 4.431 billion won annual compensation he received from Hyundai Mobis the previous year.

However, since Chairman Chung has been receiving compensation from Kia since last year, the total amount of compensation from all affiliates is expected to increase compared to the previous year.

Until the previous year, Chairman Chung received compensation from both Hyundai Mobis and Hyundai Motor Company among Hyundai Motor Group affiliates, and has also started receiving compensation from Kia since last year.

Hyundai Mobis explained regarding Chairman Chung's salary, "The executive compensation table and criteria for determining executive salaries are based on internal standards that take into account position, rank, length of service, contribution to the company, and talent development."

Chairman Chung's total annual compensation for last year is expected to be confirmed through the business reports of Hyundai Motor Company and Kia.

Meanwhile, Hyundai Mobis's research and development (R&D) expenses increased each year, amounting to 1.594 trillion won in 2023, 1.7499 trillion won in 2024, and 1.8773 trillion won in 2025. This year's investment in facilities and equipment is set at a total of 2.1913 trillion won.

This content was produced with the assistance of AI translation services.