April 30 2004
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April 30, 2004. W A T S O N W Y A T T. Salary Increase Trends in Korea. - AMCHAM Presentation Material -. Table of Contents. . Salary Increase Rates. Salary Increase Rate Salary Increase Rate – by Industry. Executive Compensation. Top Management Senior Management.

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Salary Increase Trends in Korea

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April 30 2004

April 30, 2004

W A T S O N W Y A T T

Salary Increase Trends in Korea

- AMCHAM Presentation Material -


Table of contents

Table of Contents

Salary Increase Rates

  • Salary Increase Rate

  • Salary Increase Rate – by Industry

Executive Compensation

  • Top Management

  • Senior Management


Salary increase rates

Salary Increase Rates

  • Salary Increase rate has been steadily decreased since 2000.

Salary Increase and Inflation Rates in Korea

(Unit: %)

Salary Increase Rate

Inflation Rate

  • The statistics for the year 2004 are forecasts

  • Sources: The Bank of Korea Watson Wyatt 2003-2004 Strategic Rewards Survey Reports (As of July 1, 2003)

2


Salary increase rates cont d

Salary Increase Rates (cont’d)

  • Health care industry exhibits the highest salary increase rate, and industrial exhibits the lowest salary increase rateamong hi-tech, consumer, industrial, and health care industry. Salary Increase rate of Hi-tech industry decreased sharply between 2001 and 2002 due to burst of the IT bubble.

Salary Increase Rates - by Industry

( Unit: %)

Health Card

Consumer

INdustry

Hi-tech

  • The statistics for the year 2004 are forecasts

  • Sources: Watson Wyatt 2003-2004 Strategic Rewards Survey Reports (As of July 1, 2003)

3


Table of contents1

Table of Contents

Salary Increase Rates

  • Salary Increase Rate

  • Salary Increase Rate – by Industry

Executive Compensation

  • Top Management

  • Senior Management

4


Executive compensation

Executive Compensation

Top Management* Total Cash - by Industry

(Unit: 1,000 KRW)

  • * Top Management: Highest executive positions in organizations (General Managers, Vice Presidents)

  • Sources: Watson Wyatt 2003-2004 Strategic Rewards Survey Report (As of July 1, 2003)

5


Executive compensation cont d

Executive Compensation (cont’d)

Senior Management* Total Cash - by Industry

(Unit: 1,000 KRW)

  • * Senior Management: Head of functions or executive positions (Senior Executives, Directors)

  • Sources: Watson Wyatt Strategic Rewards Survey Report (As of July 1, 2003)

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