SK Telecom President (CEO) Jung Jai-hun received 1.705 billion won in compensation in the first half of this year. That was up 13.3% from the same period last year.
According to the semiannual report released on the Electronic Disclosure System of the Financial Supervisory Service on the 14th, Jung received 700 million won in salary, 1 billion won in bonus, and 5 million won in other earned income from executive fringe benefits. SK Telecom set Jung's annual salary at 1.4 billion won in light of roles such as leading the transition to an artificial intelligence (AI) corporations and paid about 116 million won per month.
The bonus reflected achievements such as the contract to build the Ulsan AI data center, selection as a supplier for the government graphics processing unit (GPU) rental support project, forming an elite team for a proprietary foundation model, and the launch of adot 4.0.
A former judge, Jung served as a presiding judge at the Seoul Central District Court and as Director General of the Information Technology Bureau at the National Court Administration. After joining SK Group, Jung served as head of the investment support center at SK Square, chief governance officer (CGO) at SK Telecom, and chair of the Governance Committee at the SK SUPEX Council. Jung was appointed president of SK Telecom last year and was elected as an inside director at the regular shareholders' meeting in March this year.
Former President Ryu Young-sang's first-half compensation totaled 2.919 billion won. In addition to a 770 million won salary and a 310 million won bonus, it included 537 million won in gains from exercising stock options and 1.299 billion won from performance share units (PSU). Of the total compensation, 1.836 billion won came from previously granted stock-based awards.
Under the strengthened executive compensation disclosure standards that took effect this year, corporations performance was also disclosed. SK Telecom's first-half operating profit was 837.3 billion won, and total shareholder return (TSR) came in at 66.8%.