Males Accounting for 98% of Registered Executives with 500 Million or More Salary

Only 1.9 percent of registered executives with an annual salary of at least 500 million won (US$481,000) are women. Out of those, 12 are family members of corporate owners, with the only exception being SM Entertainment Director Nam So-young.

Chaebul.com analyzed the individual salaries of registered executive members of 2,148 companies that have submitted their business reports for the fiscal year of 2013 and announced that a total of 699 executives received 500 million won (US$481,000) or more in salary last year.

Only 13 women put their names on the list. Shin Young-ja, chairperson of the Lotte Scholarship Foundation, received 5.033 billion won (US$4.842 million) last year, putting her at the top. She is followed by Hotel Shilla President Lee Bu-jin with an annual salary of 3.009 billion won (US$2.894 million). Nam So-young, SM Entertainment director, recorded 592 million won (US$569,504).

The total number of executives who make more than 500 million won (US$481,000) is 699, or 5.5 percent of the 12,748 total registered executives. At Samsung Group, 69 registered executives made the mark, followed by SK (24), Hyundai Motor (23), POSCO (21), LG (18), Lotte (15), GS (12), Hanwha (11), Hyundai Heavy Industries (9), and Hanjin (4).