NCsoft Boss Is Korea’s Highest-Paid CEO Again

August 18, 2021 12:42

NCsoft CEO Kim Taek-jin was the highest-paid executive in Korea in the first half of this year, according to business reports published by major listed companies on Tuesday.

Kim, who was also the top earner last year, bagged a total of W9.44 billion in the first six months — W1.12 billion in salary and W8.32 billion in incentives and bonuses (US$1=W1,176).

Kim Taek-jin

NCsoft said Kim received the princely rewards because the company successfully launched its Lineage 2M mobile game and posted its best-ever performance in sales and operating profit in 2020 despite the uncertainties of the coronavirus pandemic.

Including severance pay, the top earner was Hyundai honorary chairman Chung Mong-koo, who stepped down in favor of his son last year and earned W30.23 billion including a W29.76 billion golden handshake from holding company Hyundai Mobis.

Next was late Nongshim chairman Shin Choon-ho with W21.42 billion.

Among other heads of major conglomerates, Lotte chairman Shin Dong-bin earned W7.97 billion, LG chairman Koo Kwang-mo W6.58 billion. SK chairman Chey Tae-won W3.84 billion and LS chairman Koo Ja-yeol W3.5 billion.

Samsung chief Lee Jae-yong has worked without salary since February 2017 because he has been in and out of jail. 

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