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Hanjin Group Chairman Cho Won-tae's first-half pay rises 11% to $6.8 million
🇰🇷 South Korea /Economy & Trade

Hanjin Group Chairman Cho Won-tae's first-half pay rises 11% to $6.8 million

From Chosun Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Documents & data Context piece
  • Cho Won-tae, chairman of Hanjin Group, received approximately 9.05 billion won in compensation in the first half of the year.
  • This represents an 11% increase compared to the same period last year.
  • He received 5.38 billion won from Korean Air and 3.67 billion won from Hanjin Kal, with his Korean Air compensation rising by 40.8%.

Cho Won-tae, the chairman of South Korea's Hanjin Group, saw his compensation increase by 11% in the first half of this year, reaching approximately 9.05 billion won (about $6.8 million USD). This rise in earnings comes from his roles within the group's key affiliates, Korean Air and Hanjin Kal.

According to semi-annual reports filed by Korean Air and Hanjin Kal, Cho received a total of 5.38 billion won from Korean Air and 3.67 billion won from Hanjin Kal during the January-June period. The compensation from Korean Air alone showed a significant jump of 40.8% compared to the first half of the previous year.

Hanjin Group is a major South Korean conglomerate with interests primarily in air cargo and passenger transportation. Korean Air is its flagship airline, while Hanjin Kal serves as the group's holding company. The compensation figures reflect Cho's leadership position across these critical entities within the conglomerate.

DistantNews Editorial

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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