For the first time, Hyundai Chairman Chung Mong Koo revealed his salary, reports Bloomberg News.
South Korea implemented new disclosure rules for executive pay to enhance transparency at the nation’s family-run business empires.
According to recent annual reports, Chung Mong Koo received $13 million in annual compensation from Hyundai Motor, Hyundai Mobis Co. and Hyundai Steel Co.
Source: Bloomberg News
