SEOUL, March 31 Head of Samsung Electronics Co's
mobile business, J.K. Shin, received a $5.8 million
compensation package last year, beating the paycheck of his
counterpart at U.S. rival Apple Inc, the South Korean
firm said on Monday in its first such disclosure under new
The world's biggest technology company by revenue said
Shin's pack included a base salary of 1.17 billion won and 1.6
billion won in incentives and performance bonus.
By comparison, Apple chief executive Tim Cook received $4.25
million in 2013, little changed from the previous year when he
had been paid $4.17 million.
Shin, who has led Samsung's mobile business since 2009, has
since overseen the launch of its flagship Galaxy handsets that
helped it unseat Apple in the smartphone market and also sparked
patent litigations the world over that claimed Samsung copied
the look and feel of the U.S. firm's iconic mobile products.
Samsung's other co-chief executive Kwon Oh-hyun, who leads
the component business, earned even more, taking 6.77 billion
won home, while third co-CEO Yoon Boo-keun, the head of its
consumer electronics business, received 5.09 billion won.
South Korean financial authorities changed regulations late
last year, requiring listed companies to include annual
compensation details of executives who earn more than 500
million won in their business reports filings.
But the measure also drew some criticism as it does not shed
much light on pay details of some high profile owners of
business conglomerates or chaebols, as they frequently assume
Samsung didn't disclose remuneration details of J.Y. Lee,
non-executive vice chairman and son of its chairman Lee Kun-hee,
who is also non-executive chairman and receives no salary from
($1 = 1069.3000 Korean Won)
(Reporting by Miyoung Kim; Editing by Jeremy Laurence)