151 Samsung Executives Earn Nearly W1 Billion a Year

  • By Choi Won-woo

    February 13, 2017 11:03

    Samsung Electronics has the most employees who earn more than W78.1 million a month (US$1=W1,150). That adds up to an annual salary of W937.2 million.

    Top earners also include many lawyers, accountants and other professionals.

    According to data from the National Health Insurance Service on Sunday, 2,621 companies employed 3,403 executives at salaries of more than W78.1 million a month as of December last year. They paid the maximum W2.39 million in monthly state health insurance fees.

    The number of top-earning salaried workers rose 35 percent since 2013.

    Twenty companies had more than six employees who paid the maximum insurance fee. Samsung Electronics had the most at 151, followed by the law firm Kim & Chang with 119.

    Over the last three years, the number of top earners at Samsung more than doubled, but it shrank around 20 percent at Kim & Chang.

    Third was law firm Lee & Ko with 28, followed by Hyundai Motor and Mertiz Securities with 14 each.

    Sports stars, entertainers and other self-employed people are subject to slightly different criteria in calculating monthly health insurance fees. Depending on their income, assets and type of car, they pay a maximum W2.28 million a month.

    • Copyright © Chosunilbo & Chosun.com
    Previous Next
    All Headlines Back to Top