Arab Today, arab today salary for korean banking group ceos too high compared to profits
Last Updated : GMT 21:09:51
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Arab Today, arab today

Salary for Korean banking group CEOs too high compared to profits

Arab Today, arab today

Arab Today, arab today Salary for Korean banking group CEOs too high compared to profits

The World Bank
Seoul - Yonhap

Despite lower profits than their overseas peers, South Korea's leading banking groups are paying their CEOs a much better salary, data showed Sunday.
The average annual pay last year for the country's top three banking groups reached an estimated 2.7 billion won (US$2.6 million), according to data compiled from multiple financial institutions at home and abroad. By comparison, three top Japanese banking groups paid their CEOs an average 1.25 billion won, based on won-yen exchange rate at the end of 2013 of 1,005 won per 100 Japanese yen.

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