HYBE main producer Kang Hyo-won, known as P-dogg, gained the best remuneration in accordance to a checklist of earnings for top rated organization leaders, getting $32.9 million in 2021. HYBE is the administration organization of South Korean boy group BTS. Picture courtesy of HYBE
SEOUL, March 24 (UPI) — Officers at HYBE, the administration enterprise for K-pop sensation BTS, experienced the greatest earnings among South Korean small business leaders previous 12 months, details unveiled Thursday exposed.
HYBE main producer Kang Hyo-received, recognised as “P-dogg,” topped the record with earnings of $32.9 million in 2021, followed by HYBE The us CEO Yoon Seok-jun with $32.2 million and HYBE chief supervisor Kim Shin-gyu with $23 million.
Most of the businessmen’s earnings came from HYBE shares as they sold stock possibilities. The Seoul-dependent label went public in Oct 2020, turning out to be the most financially rewarding entertainment business in the state.
P-dogg has been performing with BTS considering the fact that the group’s debut in 2013. He generated a number of hit tunes for the band, together with “Boy with Luv,” “Blood Sweat & Tears” and “DNA.”
The group is amongst the most well-known in the entire world. Past calendar year, their hit “Butter” sat atop the Billboard Scorching 100 tunes chart for 10 months.
On the exact listing, CJ Team Chairman Lee Jae-hyun experienced the fourth-maximum wage with $17.9 million, adopted by previous Krafton CEO Kim Hyo-sub with $17.8 million.
Krafton is a South Korean gaming business that has developed video games these types of as “PUGB: Battlegrounds” and “Tera.”
SKC President Lee Wan-jae came in at No. 6 with $17.5 million, adopted by Lotte Group Chairman Shin Dong-bin with $12.3 million, and SK Biopharmaceuticals CEO Cho Jeong-woo with $9.6 million.
Excluding Lee Jae-hyun and Shin, the other 3 joined the listing by training their stock options past calendar year.
Shin obtained remuneration from Lotte Group’s holding firm Lotte Corp. and 5 of its affiliates, such as Lotte Chemical and Lotte Purchasing.
By contrast, Samsung Electronics Vice Chairman Lee Jae-yong did not get a wage from the tech giant previous calendar year.
“I am skeptical regardless of whether a CEO can function for six corporations at the very same time and get sizeable salaries from each individual,” Seoul-based business enterprise tracker Leaders Index founder Park Ju-gun informed UPI News Korea.
“I think Lotte Chairman Shin’s remuneration technique is not suitable as it appears to damage the value held by shareholders. In the United States, these a technique would not be approved by shareholders,” he stated.