/ Hyundai, News / Hyundai Motor Chairman Earned $13 Million in 2013

Hyundai Motor Chairman Earned $13 Million in 2013

Linked In Share
Hyundai Motor Chairman Earned $13 Million in 2013

Chung Mong-koo, Hyundai’s chairman, has earned last year a combined $13 million in pay.

Chung Mong-koo, who is the son of Hyundai’s founder, has received a total of 5.6 billion won from Hyundai Motor and 4.2 billion won from Hyundai Steel and Hyundai Mobis unit. Chung Eui-sun, who is the founder’s grandson, has earned 1.8 billion won from Hyundai Motor. To make a comparison, Ford’s CEO Allan Mulally has earned $23.2 million as a compensation for 2013.

Other automakers have revealed their executives’ compensation, with Nissan Motor’s CEO Carlos Ghosn earning 988 million yen ($10.1 million) and Toyota’s president Akio Toyoda,184 million yen ($1.9 million) for the year ended in March 2013.

Besides his annual compensation, Chung, 76, who owns 5.2% stake in Hyundai Motor, has also earned an annual dividend worth 22.2 billion won from the automaker in 2013. Chung has helped Hyundai in speeding up profit and sales over the past years, as rivals make a comeback and the local currency has started to strengthen.

Hyundai reported auto sales have increased 4% so far this year, compared with an increase of 7% globally in 2013, thanks to its revamped Sonata sedan which hit the South Korean market on March.

by Mircea Serafim (my Google+) - Monday, March 31st, 2014 - filed under Hyundai, News. Image credit: .
Linked In Share
Related Articles
ceo salary chung mong koo hyundai ceo


Discuss: Hyundai Motor Chairman Earned $13 Million in 2013

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Nissan Patrol Titanium Edition introduced in Australia
Nissan Patrol Titanium Edition introduced in AustraliaNissan has recently announced the launch of the new Patrol Titanium Edition in Australia, where the model in question is ...
US: automakers crank up the incentives in October
US: automakers crank up the incentives in OctoberAccording to industry observers, although across the US auto market September is traditionally seen as the best month to buy or ...
[VIDEO] European Ford Mustang gets tested by Auto Express
[VIDEO] European Ford Mustang gets tested by Auto ExpressThe guys from Auto Express have recently had the chance to roll in the European version of the Ford Mustang, so if you are ...
China: Toyota sees September sales up, Honda down
China: Toyota sees September sales up, Honda downHere’s an interesting scenario for last month’s sales figures of two global manufacturers. Japan’s Toyota and Honda had ...
Mazda MX-5 Shooting Brake gets rendered
Mazda MX-5 Shooting Brake gets renderedThe first renderings with the Mazda MX-5 Shooting Brake have recently hit the web in order to reveal a very appealing version of ...
Kia GT Concept approved for production
Kia GT Concept approved for productionThe South Korean based automaker Kia has apparently approved the impressive GT Concept for production, as the model in question ...
US: Ford’s aluminum F-150 awareness bigger than expected
US: Ford’s aluminum F-150 awareness bigger than expectedThe “school” is in session for both buyers and sellers of the new, aluminum intensive Ford F-150 pickup truck. The US ...
2015 Mercedes-AMG C63 gets priced in the UK
2015 Mercedes-AMG C63 gets priced in the UKMercedes has officially announced the official price list for the new generation of the C63 AMG, across the United Kingdom. The ...
Next-gen Audi Q7 might debut in Detroit
Next-gen Audi Q7 might debut in DetroitThe future generation of the popular Audi Q7 is believed to be officially presented to the public, for the very first time, in ...
Australia: Nissan Pulsar SSS Heritage Edition launched
Australia: Nissan Pulsar SSS Heritage Edition launchedNissan Australia has officially pulled the wraps off the Pulsar Heritage Edition in the Pacific country, where the model in ...
Report – Audi planning on cost reduction plan hike
Report – Audi planning on cost reduction plan hikeAccording to sources that have knowledge of the company’s plans, Audi wants to offset increased technology spending with a cost ...
Mercedes detailing AMG GT’s Carbon and Silver Chrome packages
Mercedes detailing AMG GT’s Carbon and Silver Chrome packagesMercedes and AMG have released the first images and details with the Carbon and Silver Chrome exterior packages, aimed towards ...
Toyota Prius+ gets updated for Europe
Toyota Prius+ gets updated for EuropeToyota has recently announced several minor changes which have been applied to the European Prius+ for the 2015 model year. The ...
Germany: Daimler and Linde ready to develop fuel-cell station network
Germany: Daimler and Linde ready to develop fuel-cell station networkGerman automaker Daimler, the parent of luxury brand Mercedes-Benz has partnered with industrial gases maker Linde to jointly ...
Hyundai Genesis Coupe by BTR gets more than 800 HP for SEMA
Hyundai Genesis Coupe by BTR gets more than 800 HP for SEMAThe brand new Honda Genesis Coupe by BTR (Blood Type Racing) will be officially presented to the public, this year, during the ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

2015 mazda mx-5 shooting brake 1
Nissan Pulsar SSS Heritage Edition 1
mercedes amg gt carbon chrome package 2
2015 Toyota Prius+ 1
ford mondeo st 1
Spy-Shots of Cars
Spy-Shots of Cars
2015 volkswagen passat 1
ferrari f430 spider delivery vehicle australia melbourne mcdonalds 1
BMW i3 eve ryn tuning 1
fiat 500x abarth 1
BMW M6 GT3 1

More automotive from inautonews
Nissan has recently announced the launch of the new Patrol Titanium Edition in Australia, where the model in question is apparently already available for order. The Japanese based automaker Nissan has recently launched a new special edition of the Patrol, in Australia, which has been called the ...
read more
Inautonews Editors Section
Test Drive: Mercedes-Benz A180 CDI AT
Test Drive: Mercedes-Benz A180 CDI AT The new generation of the A-Class has been around since 2012 and its overall design is quite drastic, considering its predecessor. Now, two years ...
Test Drive: Citroen C-Elysee 1.6 HDi Exclusive
Test Drive: Citroen C-Elysee 1.6 HDi Exclusive Citroen has introduced the second generation of the C-Elysee last year. The model is smaller than the C4 and it is based on the Peugeot 301, being ...
Test Drive: BMW X4 xDrive30d
Test Drive: BMW X4 xDrive30d The newest crossover to make its way into BMW’s lineup is the X4. This is based on the X3 and it is basically a smaller version of the X6, aimed ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Australian recall roundup: New-gen Mercedes-Benz C-ClassThe new generation of the Mercedes-Benz C-Class is the subject to a recall in Australia, because of ... Recall roundup: Ram ProMaster and C/V TradesmanThe North American based automaker Chrysler Group has recently issued a recall affecting the Ram ...
Safety Section