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Bonus |
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948 |
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- The bonus paid in 2024 consisted of Won 473 million in short-term performance-based compensation
and Won 476 million in long-term performance-based compensation.
- The short-term performance-based compensation consisted of the following: (i) for the period prior
to his appointment as the Chairman and CEO (from January 1, 2023 to November 20, 2023), Won 198 million paid as an upfront lump sum payment, Won 72 million (831 shares) as the first installment of deferred payments for the same
period, Won 89 million (1,018 shares) as the second installment of deferred payments for 2022, and Won 76 million (869 shares) as the third installment of deferred payments for 2021, and (ii) for the period after his appointment as
the Chairman and CEO (from November 21, 2023 to December 31, 2023), Won 21 million paid as an upfront lump sum payment and Won 17 million (198 shares) as the first installment of deferred payments for the same period.
- The short-term performance
evaluation criteria for the period after his appointment as the Chairman and CEO consisted of both quantitative indicators (e.g., ROE, total operating income, net profit from non-banking businesses,
comprehensive NPL ratio, RoRWA, Tier 1 ratio and C/I ratio), as well as qualitative indicators (e.g., improving the core competitiveness and recovery resilience of the Group, expanding global and new growth drivers, innovating financial platforms,
leading sustainable management through improvements to asset quality, ESG, and internal controls, and fostering an open and creative group culture). The amount of the short-term incentive payment was determined based on a comprehensive evaluation by
the Evaluation and Compensation Committee and was within a range of 0%-100% of the base salary.
- With respect to quantitative indicators, the Group’s net profit for 2023 was Won
4,631.9 billion, with key achievements including maintaining capital adequacy and effectively managing cost efficiency, which were considered as major performance factors.
- The short-term performance
evaluation criteria for the period prior to his appointment as the Chairman and CEO consisted of quantitative indicators linked to his role as Vice Chairman, covering the retail, wealth management/pension, and SME divisions, as well as qualitative
indicators linked to key management objectives. The major achievements that were considered included (i) surpassing 12 million monthly active users (MAU) on the Group’s main platform (Star Banking), (ii) strengthening the Group’s
market position in the retirement pension sector and (iii) expanding the wealth management customer base. The amount of the incentive payment was determined based on the achievement level of each task and was within a range of 0%-120% of the base salary.
- The long-term performance-based compensation consisted of Won 209 million (3,954 shares) paid as
an upfront lump sum payment for the period prior to his appointment as the Chairman and CEO (from January 1, 2023 to November 20, 2023), Won 77 million (878 shares) as the first installment of deferred payments for the same period,
and Won 190 million (2,185 shares) as the second installment of deferred payments for the period from 2021 to 2022.
- The long-term performance evaluation criteria consisted of relative total shareholder return (relative TSR), the
Group’s performance, and individual performance results. The amount of the long-term incentive payment was determined based on the achievement level of each indicator and was within a range of 0%-100% of
the base salary. - With respect
to the long-term performance evaluation, the relative total shareholder return was calculated based on changes in the Group’s share price relative to the average share price of its competitors during the evaluation period, while the
Group’s performance and individual performance results were determined based on the arithmetic average of annual performance evaluations. |
