First salary public after taking office
CEO Yoo, 1.553 billion won
Vice Chairman Park 3.8 billion won [Seoul Economy]
CEO Yoo Young-sang, who served as CEO along with the spin-off of SK Telecom, received an annual salary of 1.553 billion won last year. Vice Chairman Park Jeong-hos annual salary was 38.27 billion won.
According to the 2021 business report released by SK Telecom on the 16th, CEO Yoo received 792 million won in salary and 730 million won in bonuses last year. CEO Yoos annual salary was reduced from 2.229 billion won in 2020. SK Telecom explained the background for calculating the salary, saying, “As the MNO business representative and SK Telecom executive director, he oversaw business growth and established a growth strategy and vision after the spin-off.
Vice Chairman Park, who received a total of 7.38 billion won in 2020, also received a decrease in his salary. Regarding the remuneration of Vice Chairman Park, SK Telecom explained, “We have strengthened the growth engine as a big tech company by completing the five core business systems and strengthening global hyper-cooperation.” Although SK Telecoms top executives wages decreased, the average annual salary of employees increased from 121 million won in 2020 to 162 million won last year, it was found. Meanwhile, Hwang Hyun-sik, CEO of LG Uplus, who previously disclosed the business report, earned an annual salary of 2.033 billion won.