SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission. Learn more.

The highest-paid Samsung exec in 2021 isn’t who you’d think it is


Last updated: March 10th, 2022 at 17:09 UTC+02:00

DJ Koh was the highest-paid Samsung executive last year, at least, on the face of it. The former chief of Samsung’s mobile business took home 11.8 billion won ($9.63 million) in 2021, including 4.04 billion won ($3.3 million) worth of bonuses and a retirement pay of 6.43 billion won ($5.2 million) as he stepped down from his position in December.

Kim Hyuk-seok, who used to oversee Samsung’s home appliance businesses, also stepped down last year. He was the second-highest-paid Samsung exec after DJ Koh, taking home 10.3 billion won ($8.4 million).

The third-highest-paid Samsung executive last year was Kim Ki-nam. He stepped down from overseeing the semiconductor business last year and now leads R&D for futuristic technologies. He was awarded 8.64 billion won ($7 million).

As for the de facto leader of Samsung Group, Lee Jae-yong, he hasn’t taken a salary since 2017 due to lawsuits and restrictions. However, in 2021, he did receive a combined 343.4 billion won ($280 million) as dividends from five Samsung affiliates. So, in a way, through dividends, Lee Jae-yong was the highest-paid exec by far.

Infrastructure spendings were up 25%

Regulatory filings cited by The Investor reveal that Samsung took 3,995 additional employees on board last year, all the while the company increased the average pay by roughly 13.4% on-year.

As for Samsung’s business, the company has also increased its spending on infrastructure and research & development.

Compared to 2020, last year, Samsung invested 25% more in its infrastructure, or 48 trillion won ($39 billion).

At the same time, Samsung spent 6.5% more on research and development in 2021 for a total of 21.2 trillion won ($17.2 billion).

Join SamMobile’s Telegram group and subscribe to our YouTube channel to get instant news updates and in-depth reviews of Samsung devices. You can also subscribe to get updates from us on Google News and follow us on Twitter.

BusinessGeneral DJ KohLee Jae-yongSamsung Electronics
Load 0 comments

You might also like

Samsung heir Lee Jae-yong pardoned by South Korean President, gets cleared of bribery charges

Samsung Electronics Vice Chairman Lee Jae-yong received a huge relief today. The President of South Korea, Yoon Suk Yeol, pardoned Lee on the occasion of next week’s Liberation Day anniversary in the country. Lee Jae-yong can now formally take control of South Korea’s largest conglomerate. Earlier, Lee was sentenced to 2.5 years in prison after being […]

  • By Asif Iqbal Shaik
  • 7 hours ago

Samsung seeks support from Vietnam for its Busan World Expo 2030 bid

Last week, Samsung’s TM Roh and the Prime Minister of Vietnam met to discuss the Korean tech giant’s plans for a new R&D center in Hanoi and the local manufacturing of chip transistors by mid-2023. As it turns out, there was another reason behind Samsung’s recent visit to Vietnam. Samsung seeks support for the 2030 […]

  • By Mihai Matei
  • 4 days ago

Samsung to bolster R&D and chip manufacturing in Vietnam by mid-2023

Samsung is in the process of building a strong international supplier network and increasing its manufacturing presence in more countries. The company is constructing a new manufacturing plant in the United States, and earlier this week, Samsung’s TM Roh met with the Prime Minister of Vietnam, Pham Minh Chinh, to prepare for what’s coming next. […]

  • By Mihai Matei
  • 7 days ago

Samsung remains the 2nd-largest tablet vendor in a declining market

The smartphone market isn’t the only one affected by the ongoing economic troubles. PC and tablets have just recorded their second quarterly decline, with global shipments falling 14% in Q2 2022. Samsung maintained its market position behind Apple. Several causes have led to declining PC and tablet shipments in Q2 2022, such as lower consumer […]

  • By Mihai Matei
  • 1 week ago

BREAKING: Samsung scaling down smartphone production due to weak sales

The consumer spending spree witnessed after the COVID-19 pandemic lockdowns appears to be over now. Financial experts around the world forecast a global recession, and the smartphone market has started to brace for the economic downturn. Even Samsung seems to have scaled back smartphone production. Although Samsung claimed that it expects smartphone sales to stay […]

  • By Asif Iqbal Shaik
  • 1 week ago

Spotify Connect stops working on Samsung soundbar due to licensing

It’s a sad state of affairs when perfectly-working hardware stops functioning as intended due to software and lack of support. Without Android OS and One UI, Samsung’s Galaxy S22 would become a paperweight. Of course, the Galaxy S22 is an extreme example, as it will never lose Android and One UI. But other Samsung products […]

  • By Mihai Matei
  • 1 week ago