Samsung's CEO salaries drop on reduced incentives

Samsung Electronics’ three co-CEOs were found Monday to have seen a drastic drop in their compensations this year. 

Samsung Electronics vice chairman Kwon Oh-hyun

According to the company’s regulatory filing, vice chairman Kwon Oh-hyun, the highest-paid CEO, received a total salary of 3.82 billion won ($3.25 million), including 2.23 billion won in bonus, over the nine months that ended in September.

The figure compared with 6.25 billion won he received during the same period last year.

CEO Yoon Boo-keun, head of the consumer electronics business division, received 2.34 billion won, down from 3.61 billion won a year ago.

CEO Shin Jong-kyun, the mobile business chief, suffered the largest drop as his salary fell to 2.28 billion won from 12.03 billion won.

Their compensations fell 30 to 80 percent from a year ago. Even though salaries almost remained the same, incentives decreased due to the company’s sluggish sales this year. 

By Lee Ji-yoon (jylee@heraldcorp.com)