Major owner-managers of conglomerates in South Korea, known as chaebol here, earned at least 10 billion won ($8.8 million) in dividends, compensation and other income in 2016, data showed Sunday.
According to the data by market Chaebul.com and conglomerates' 2016 business reports, Lee Kun-hee, chairman of tech giant Samsung Electronics Co. and chief of No. 1 conglomerate Samsung Group, topped the income list with 195.4 billion won last year.
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This undated file photo shows the headquarters of Samsung Electronics Co. in southern Seoul. (Yonhap) |
The figure includes dividends, pay and bonuses, severance pay, stock options and other income. The data covers 30 owner-managers of local conglomerates.
Lee was followed by Chung Mong-koo, chairman of leading automaker Hyundai Motor Group, with 98 billion won, and SK Group Chairman Chey Tae-won with 62.6 billion won.
Chung Eui-son, Hyundai Motor Co.'s vice chairman and son of the Hyundai Motor Group chairman, received 57.2 billion won in dividends and compensation, with Lee Jae-yong, vice chairman of Samsung Electronics and de facto leader of Samsung Group, earning 48.8 billion won.
Suh Kyung-bae, chief of South Korea's top cosmetics maker AmorePacific Group, reported 34.3 billion won, with two other owner-managers seeing the combined amount of dividends and compensation reaching the 30 billion-won range.
Hong Ra-hee, the wife of Lee Kun-hee and former director of the Leeum, Samsung Museum of Art, received 30.9 billion won in dividends last year. (Yonhap)
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