Hyundai Motor Group Chairman Chung Eui-sun's annual salary of KRW 17.461 billion last year...51.6 percent increase

*This content was translated by AI.

Hyundai Motor Group Chairman Chung Eui-sun was confirmed to have received an annual salary of 17.461 billion won last year. According to a business report released by Hyundai Motor on the 18th, Chairman Chung received a total of 9.01 billion won from Hyundai Motor, including 4.5 billion won in salary, 4.51 billion won in bonuses and other income. This is an increase of 27.0% from 7.87 billion won a year earlier.

Chairman Chung also received 3.06 billion won from Hyundai Mobis and 5.4 billion won from Kia, respectively. In particular, last year was the first time that compensation was received in Kia. Putting these amounts together, Chairman Chung's annual salary increased 51.6 percent from 11.518 billion won a year earlier.

Hyundai Motor said it comprehensively reflected various internal standards such as job, position, tenure, leadership, expertise, company contribution, and talent development in calculating executive remuneration.

Hyundai Motor Vice Chairman Jang Jae-hoon received 5.41 billion won in compensation last year, up 59.3 percent year-on-year. President Jose Munoz received 9.729 billion won, more than Chairman Chung based on Hyundai Motor's remuneration alone. Munoz's salary increased 242.7 percent from 2.83 billion won a year earlier.

The average salary of Hyundai Motor employees last year was 131 million won, up 5.6 percent from 124 million won a year earlier. Meanwhile, Hyundai Motor is scheduled to hold a general shareholders' meeting on the 26th.

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*This content was translated by AI.