SK Hynix provides 280 billion KRW in stock compensation to Park Jung-ho, who left 3 years ago(?)

SK Hynix provides 280 billion KRW in stock compensation to Park Jung-ho, who left 3 years ago(?)IT ChosunAs SK Hynix's stock price surges, the value of stock-based compensation granted to former top executives has ballooned to hundreds of billions of won, sparking controversy over the executive compensation system. The estimated value of the remaining stock compensation for Park Jung-ho, a management advisory member (former Vice Chairman) who stepped down from management, exceeds 280 billion KRW alone.
Director compensation limits approved by the general shareholders' meeting
The highest-paid individual at SK Hynix in the first half of this year was President Kwak Noh-jung (26.095 billion KRW), who led the High Bandwidth Memory (HBM) business. The second highest was Management Advisory Member Park Jung-ho, who stepped down from management at the end of 2023, receiving 16.895 billion KRW.
The unpaid stock compensation remaining for Advisor Park totals 108,717 shares, including 49,879 Stock Appreciation Rights (SARs) and 58,838 Performance Share Units (PSU). Based on the closing price on June 30 (2.65 million KRW), the market value reaches 288.1 billion KRW. Calculations show that when combined with compensation already received, the total far exceeds 330 billion KRW.