Bang Si-hyuk, the chairman of HYBE, has been said to receive a salary of 1 KRW (~$0,00076 USD; ~Rp12 IDR) this year.
According to the '2024 Internal Director Compensation Plan' disclosed by HYBE on the 8th, Bang's chairman salary was set at 1 KRW. Previously, Bang received a total compensation of 357 M KRW last year, including a salary of 50 M KRW, a bonus of 300 M KRW, and other labor income of 7 M KRW.
Regarding the reason for this year's salary decision, HYBE stated, "To emphasize the message of responsible management as the chairman and HYBE's 'Pay for Performance' compensation philosophy, the basic salary was set at 1 KRW."
However, under the short-term incentive system, Bang will receive a bonus of 980 M KRW. According to HYBE, this was determined based on the '2023 Management Performance and Evaluation Criteria' set by the Compensation Committee.
HYBE CEO Park Ji-won's salary has been set at a total of 2 B KRW this year, with 1 B KRW in salary and 1 B KRW in bonus. Last year, Park received a total compensation of 1.52 B KRW, including a salary of 91.6 M KRW, a bonus of 600 M KRW, and other labor income of 4 M KRW.
Meanwhile, as of December last year, Bang Si-hyuk was identified as the wealthiest stockholder in the cultural content production and distribution sector in South Korea. According to a survey by the Korea CXO Research Institute on the ownership of individual shareholders in cultural content production and distribution companies, Bang's shareholdings were worth 3.774 trillion won. Among the 34 individuals who owned cultural content stocks worth more than 10 B KRW, including Bang, there were 12 shareholders of HYBE.
-What the..
-Wouldn't that be a problem?
-So 980,000,001 KRW...
-He's living a really good life...
-Give me some
-That's less than I expected, though...
-Not fun
-He did that to avoid paying taxes, right?
ㄴIt's a complete loss for the company,, it would be difficult to get a good response anyway because the low salary is compensated with bonuses, so I don't understand why they're doing this..
ㄴThen why are they doing that?? Why would they do that just to release a news article about the CEO's salary being 1 won??
-Still, it's an incredibly small amount...
