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Executives at the 30 Largest Korean Companies Showed an Average Age of 52.9
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Executives at the 30 Largest Korean Companies Showed an Average Age of 52.9
  • By Jung Suk-yee
  • May 10, 2018, 12:24
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A local job portal unveiled that more than 70% of executives at the 30 largest South Korean companies are in their 50s and older.

Job search portal JobKorea analyzed the 30 private and state-run companies’ business reports for last year on May 9 and said that the average age of their 3,463 executives is 52.9.

According to the survey, those born in 1964 account for 10.1% of the total, followed by those born in 1965 (9.9%), 1963 (9.0%) and 1966 (8.1%). 73.1%, 21.6% and 5.2% of the total are in their 50s, 40s, and 60s and older, respectively. The executives also include four aged less than 40. The four executives were found in SK Telecom, Netmarble Games, Kakao and Samsung Electronics.
 

The Korea Electric Power Corporation showed the highest average age, 62.6, among the 30 companies. It was followed by Woori Bank (57.4), POSCO (57.3) and Industrial Bank of Korea (57.1). Meanwhile, Netmarble Games showed the lowest average age, 44.7, and it was followed by Celltrion (47.6), Amore Pacific (49.0) and Kakao (49.3). In the meantime, males accounted for no less than 96.2% of the 3,463 executives.