Be the first - Pre-order the Galaxy S25 Ultra today! Follow us on Google news!

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

News For You
News For You
Notifications

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

Business
By 

Last updated: March 10th, 2022 at 17:09 UTC+01:00

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
Galaxy AI summarized

Scroll for more related content
News For You

You might also like

Unpacked shows why Samsung Galaxy and Android are as thick as thieves

Unpacked shows why Samsung Galaxy and Android are as thick as thieves

Many people love it, some not so much, but the truth is that Samsung Galaxy is the face of Android today more than ever. “Galaxy” and “Android” have become synonymous, and Samsung will strengthen that perception even further at Unpacked this week. One big reason things turned out the way they did is the bond […]

  • By Mihai Matei
  • 4 days ago
Google’s and Samsung’s Eclipsa Audio is coming to Galaxy phones, tablets

Google’s and Samsung’s Eclipsa Audio is coming to Galaxy phones, tablets

Earlier this month, Google and Samsung revealed a new spatial audio format called Eclipsa Audio. It is a royalty-free alternative to the popular format Dolby Atmos. Now, Google has revealed that Eclipsa Audio is coming to Android devices. Eclipsa Audio is coming to Android (including Galaxy) phones and tablets Google revealed last week that IAMF-based […]

  • By Asif Iqbal Shaik
  • 4 days ago
Samsung has a new solution to push employess to work harder

Samsung has a new solution to push employess to work harder

Samsung is going through one of the most challenging times in its history. Due to issues in its memory and semiconductor chip businesses, the company's stock prices have fallen drastically compared to six months ago. The South Korean firm is now trying a new solution that could change its fate. Samsung will tie bonuses of […]

  • By Asif Iqbal Shaik
  • 6 days ago
Samsung readies for Super Bowl with new Game Day store section

Samsung readies for Super Bowl with new Game Day store section

With just a few weeks left before Super Bowl LIX kicks off at Caesars Superdome in New Orleans, Samsung has launched a new section on its online store to help visitors pick the best devices for a pleasant viewing experience. The new e-store section, called Game Day Essentials, is divided into several categories, including: Must […]

  • By Mihai Matei
  • 1 week ago
Samsung and Nokia sign licensing deal for video tech in smart TVs

Samsung and Nokia sign licensing deal for video tech in smart TVs

Samsung and Nokia are crossing each other's paths again, but not because of 5G or a mobile deal. Instead, Samsung will be using Nokia's proprietary video technologies for smart TVs. According to the latest news (via MSN – Reuters), Nokia and Samsung have signed a multi-year patent license agreement today. The agreement will allow Samsung […]

  • By Mihai Matei
  • 1 week ago
My heart skipped a beat spotting Samsung’s PlayStation 2 lookalike at CES

My heart skipped a beat spotting Samsung’s PlayStation 2 lookalike at CES

I was a PC gamer for nearly 15 years before I fell in love with gaming consoles again after the launch of the Nintendo Switch. As a '90s kid, I grew up playing arcade and console games, and I think the PlayStation 2 (PS2) is still one of the best-looking consoles ever made. Imagine my […]

  • By Mihai Matei
  • 2 weeks ago