Samsung Electronics mobile phone Business Outstanding performance, department head Shenzong all become South Korea pay top executive

Tencent Science and technology news April 1, from the South Korean media reported that the benefits of Samsung mobile phone business in 2013 outstanding performance, the company's co-CEO, it and Mobile communications business Director Shen Zongjun (Shin Jong-kyun is the highest-paid corporate executive in South Korea with a total salary of 14.57 billion won (about 13.13 million US dollars) in 2014.

The company's annual report, which was submitted in Tuesday, showed that Shenzong last year's pay, up more than 6.2 billion won in 2013. Shenzong a 2014-year pay surge, thanks to Samsung Electronics, which became the world's largest handset maker in 2013, distributing special bonuses to Shenzong in the first quarter of 2014. But as the high-end market faces fierce competition from Apple, the low-end market faces a challenge from Chinese manufacturers, and the handset business, the Samsung Electronics mainstay, has had a lackluster performance last year.

Samsung Electronics, the country's most valuable company, has not disclosed the remuneration of the company's board chairman, Lee Kun-hee, vice-chairman of the board, Lee Kun-hee's only son, Lee Jay-yong.

Chung Mong-koo, chairman of the Hyundai Motor Group's board of directors, last year received a total of 10.75 billion won Koo through three subsidiaries and ranked second among South Korean entrepreneurs. The 77-Year-old, Koo, has received 5.72 billion won and 4.29 billion won remuneration, respectively, through Hyundai, the Hyundai Motor and auto parts maker. Hyundai, for its part, paid 11.56 billion won for Koo, including the 10.8 billion-won pension, which has served as a director since 2005.

Hyundai Motor Group said Koo's son, heir Zheng (Chung Eui-sun) won 18.6 billion won from Hyundai last year.

South Korea's fourth-largest enterprise LG Group chairman Ben Mao (Koo Bon-moo) last year paid 4.42 billion won, slightly higher than the 2013 pay. Thanks to the surge in TV shipments and the sales of its flagship G-series smartphone, LG, LG's home appliance and smartphone division, last year saw net profit rise by more than one. Xu Qingbe Suh Kyung-bae, chairman of the Korean cosmetics company, last year paid 4.4 billion won, far more than 1.9 billion won in 2013 years.

South Korean companies must disclose executive pay for more than 500 million won, according to South Korea's current law. Big companies in South Korea typically opt to disclose executive pay before the March 31 deadline to avoid public discontent over high executive pay.

Tri Taiyuan Chey Tae-won, the SK group chairman, sparked strong opposition from South Korea last year as South Korea's highest-paid chief executive. Although still in prison for embezzlement charges, Tri Taiyuan in 2013 through the SK Group's four subsidiaries, in the year to obtain 30 billion won remuneration. To quell public outrage, Tri Taiyuan then resigned from the majority of directors and pledged to donate all the pay. (Mowgli)