[News Space=Reporter seungwon lee] Hyosung Group Chairman Cho Hyun-joon and HS Hyosung Group Vice Chairman Cho Hyun-sang received the highest compensation among domestic conglomerate heads, regardless of the company’s performance and stock price.

The combined compensation of the two brothers’ salaries and bonuses amounts to a whopping 40 billion won.

This is in stark contrast to Samsung Electronics Chairman Lee Jae-yong, who has been managing the company without compensation since 2017 in order to save it, which is going through a difficult time due to worsening performance.

Vice Chairman Cho Hyun-sang received a total of 32.3 billion won from HS Hyosung and Hyosung last year, easily surpassing business leaders Choi Tae-won, Lee Jae-hyun, Shin Dong-bin, Kim Seung-yeon, and Chung Eui-sun.

The amount they received is largely viewed as absurd considering the performance and stock price of Hyosung Group and HS Hyosung Group. Furthermore, it seems difficult to avoid criticism that the owners of companies that are far behind in terms of market capitalization and business rankings are only lining their own pockets.

In a situation where the company's performance was not noteworthy in the eyes of the market and shareholders, Vice Chairman Cho received a special bonus of up to 8.5 billion won under the name of a bonus.

Even some affiliates were used as personal dividend windows to increase personal wealth, and the part where they were used for the purpose of pursuing personal interests of the owner requires thorough monitoring by shareholders as well as financial supervisory agencies.