Corona’s response was good … 46 of Samsung Semiconductor Performance Pay Feast Annual Salary



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Samsung Electronics office building in Seocho-gu, Seoul / Photo = Yonhap News

Samsung Electronics office building in Seocho-gu, Seoul / Photo = Yonhap News

Samsung(73,000 -0.41%)You have disclosed the expected excess earnings bonus (IPO, ex PS) paid to employees at the end of January of the following year based on the results for the year.

According to the industry on the 18th, Samsung Electronics announced this year’s expected IPO for each division via the company’s intranet on the same day.

OPI is Samsung Electronics’ incentive pay system that pays up to 50% of an individual’s annual salary when the performance of each business unit exceeds the target set at the beginning of the year.

Samsung Electronics pays between 44% and 46% of its annual salary to the semiconductor division (memory, LSI system and foundry) in the Device Solutions (DS) division. Although it did not reach the 50% that was paid the previous year, it increased by 15% points (P) of the IPO paid at the beginning of this year.

Samsung Electronics’ DS division achieved an operating profit of 5.4 trillion won in the second quarter and showed a strong performance in the third quarter also at 5.54 trillion won. The second quarter of this year was the first time since the fourth quarter of 2018 that the DS division’s quarterly operating profit exceeded 5 trillion won.

Samsung Electronics also said that if the semiconductor division’s operating profit target of 21.8 trillion won next year is achieved, the IPO will be 44-48% next year.

The IPO of Samsung Electronics’ wireless business division, such as smartphones, is expected to receive between 41% and 47% of annual salary, and the networking business division, which is in charge of the business, is expected to Fifth Generation (5G) Communications Network, Receive a 24% Bonus.

It is reported that the home appliances division will receive 28-34% and the video display (VD) division in charge of television will receive 37-43%.

It is reported that 3 ~ 9% of the medical device division and 37 ~ 46% of the company-wide organization, which is a personnel division. Samsung Display incentives for next year are expected to be 8-12% of annual salary. Samsung Electronics plans to pay employee incentives at the level announced on this day in late January next year.

Samsung Electronics’ consensus earnings for the next year (estimated average) predicted by share prices is KRW 26 trillion in sales and KRW 46 trillion in operating profit.

Seongsu Bae, Reporter for Hankyung.com [email protected]

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