Owner families at large groups averaged 2.7 billion won in pay

Owner family members of South Korea's large business groups earned an average of 2.7 billion won ($1.83 million) in salary last year, with Hanwha Group Chairman Kim Seung-youn topping the list at 24.8 billion won. Data compiled by corporate tracker CEO Score showed a 6.9 percent rise from the previous year for owner families. Employees, excluding executives, averaged 101.2 million won, up 11.1 percent.

Data compiled by corporate tracker CEO Score from financial reports of 460 affiliates under 81 business groups showed that owner family members averaged 2.7 billion won in 2025, a 6.9 percent increase from the year before.

Hanwha Group Chairman Kim Seung-youn received the highest at 24.8 billion won combined from five affiliates. Lotte Group Chairman Shin Dong-bin earned 19.1 billion won, followed by Doosan Group Chairman Park Jeong-won with 18.1 billion won, CJ Group Chairman Lee Jay-hyun with 17.7 billion won, and Hyundai Motor Group Executive Chair Euisun Chung with 17.5 billion won.

Samsung Group chief Lee Jae-yong has worked without pay since 2017, according to earlier reports. Employees excluding executives averaged 101.2 million won, significantly lower than owner family pay.

The data was released on April 15, highlighting compensation structures at major conglomerates.

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Samsung Electronics workers voting to approve wage agreement in a meeting room
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Samsung Electronics workers approve wage agreement

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Unionized workers at Samsung Electronics approved a wage agreement on May 27. The vote eased concerns about potential disruptions to the global supply chain.

Hong Ra-hee, widow of late Samsung Group Chairman Lee Kun-hee, sold a stake in Samsung Electronics worth nearly 3.1 trillion won ($2.1 billion) to complete the family's inheritance tax payments. The block sale of 15 million shares ends a five-year installment plan totaling 12 trillion won that began in April 2021. The move is expected to ease financial pressure, potentially accelerating Chairman Lee Jae-yong's 'New Samsung' growth strategy.

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Samsung Electronics and its union failed to reach a wage deal on May 13 despite government mediation, increasing the chance of an 18-day strike from May 21. The union demands performance bonuses equal to 15 percent of operating profit.

Samsung Electronics' union has approved a general strike with 93.1 percent support, demanding bonus reforms and a 7 percent pay raise. This would be the company's second strike since 1969, coinciding with a prosecution probe into insider trading that could pressure shares.

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Unionized workers at Samsung Electronics have suspended wage talks with management, citing a lack of sincerity. Choi Seung-ho, head of the Samsung Electronics unit at the Samsung Group United Union, said the sides failed to agree on removing the cap on performance-based bonuses. The decision came three days after talks resumed on Tuesday.

President Lee Jae Myung warned on April 30 that excessive labor union demands could harm unions and other workers, urging responsibility. The remarks came amid threats of an 18-day strike by a major Samsung Electronics union starting May 21. He stressed coexistence amid AI-driven changes.

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South Korean chipmakers Samsung and SK Hynix reported combined profits of $59.7 billion for the March 2026 quarter. The figure tops the aggregate earnings of all listed Indian companies in any previous quarter. Strong demand for memory chips tied to artificial intelligence drove the results.

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