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The average annual salary of staff excluding executives and non-regular workers at 302 public agencies was W53.4 million (US$1=W996) in 2007, up 5.1 percent from 2006 and 77 percent more than the average annual pay of urban workers, which stands at W30.11 million.
According to Ministry of Strategy and Finance analysis released on Sunday of "All Public Information in One" (www.alio.go.kr), a website of information about public agency management, staff at 96 or 32 percent of the 302 public agencies received more than W60 million in annual salary in 2007, as compared with that W60.21 million at Samsung Electronics.
The 405 employees at the Korea Securities Depository topped the list with an average annual pay of W96.77 million. They are expected to exceed the W100 million mark soon. The KSD, which has been under criminal investigation for irregularities involving recruitment of new staff, posted a 9.8 percent increase in wages in 2007, overtaking Korea Development Bank, whose staff had been the best paid with an average annual pay of W92.96 million.
The KSD and the KDB were followed by Koscom (average annual pay of W91.85 million), KDB Capital (W89.17 million), and the Financial Supervisory Service (W87.84 million).
The average annual salary at the three government-funded banks -- KDB, Industrial Bank of Korea and Export-Import Bank of Korea -- was W87 million last year, more than W10 million better than the W76.3 million at Citibank Korea, the best-paying commercial bank.
(englishnews@chosun.com )
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