Korea Exchange tops in average salary among state-run companies

Korea Exchange paid the largest average salary to its employees among 295 state-run companies and Korea Finance Corporation paid most to its CEO last year.

According to the 2012 official management information disclosure of state-run companies released by the Strategy and Finance Ministry on Tuesday, Korea Exchange paid an average of 113.6 million won (102,700 U.S. dollars) to its employees, the highest among state-run entities. The average salary of Korea Exchange employees rose by four percent from that of 2011 or 109.25 million won (98,914 dollars).

Korea Securities Depository (100.78 million won or 91,240 dollars) ranked second, exceeding 100 million won (90,540 dollars) in the average salary. The average salary of the top 10 public entities surpassed 90 million won (81,400 dollars) with Korea Institute of Machinery & Materials ranked third and the Export-Import Bank of Korea 10th.

The average employee salary of the entire public entities was increased by 2.6 percent year on year to reach 61.6 million won last year. By category, state-owned entities recorded the highest annual salary with 72 million won (65,190 dollars), quasi-government entities with 61.8 million won (55,950 dollars) and other public entities with 59.8 million won (54,140 dollars).

ryu@donga.com