Seoul, March 12 || Samsung ranked first in average salaries for outside directors among major listed companies in South Korea last year, a corporate tracker here said on Wednesday.
According to CEO Score, Samsung Electronics paid an average of 183.3 million won (US$126,000) per outside director in 2024, the highest among 247 companies surveyed out of the country's top 500 firms by market capitalisation.
Despite this leading position, the figure marked a 9.8 percent decline from the previous year, reports news agency.
The average salary was calculated by dividing the total payroll for outside directors by the annual average number of directors employed by the company, CEO Score added.
Following Samsung Electronics, SK Telecom Co. ranked second with an average salary of 156.8 million won. SK hynix Inc. recorded 153.7 million won, followed by SK Corp. with 152 million won and SK Square Co. with 146 million won.
A total of 29 companies provided annual salaries of 100 million won or more on average to their outside directors last year.