SEOUL, KOREA - Shin Jong-kyun, president of Samsung Electronics' mobile division, has earned 9,664 million won during the three-month period in the first quarter of this year. According to the first-quarter report disclosed by the company on May 15, he made a total of 9.7 billion won in quarterly income, including salaries of 432 million won, bonuses of 144 million won, and other incomes of 9,088 million won.

 

 

 

Other incomes are special bonuses paid to registered executives. A Samsung Electronics official said, "At the end of every quarter, registered executives are paid special bonuses proportional to the division's earnings performance. Mr. Shin's earnings reflect his division's excellent performance." Last year, the company posted operating profit of 36.78 trillion won, of which 24.96 trillion won, or 67.9 percent, was earned by the mobile division.

 

Earlier in March when the company announced the pays of high-ranking executives for the nine-month period between April and December 2013, Shin was ranked second at 6,213 million won after vice chairman Kwon Oh-hyun (6,773 million won). For one year between April 2013 and March 2014, his total earnings have been 15,877 million won.

 

During the first quarter, vice chairman Kwon was paid 1,426 million won including regular salaries, bonuses, performance-based bonuses while consumer electronics division president Yoon Bu-geun took home 1,196 million won. Chief financial officer Lee Sang-hoon was paid 773 million won.