Hanjin chairman Cho Won-tae's first-half pay rises 11.1% to 9.053 billion won

Hanjin Group Chairman Cho Won-tae received 9.053 billion won, or about $6.4 million, from Korean Air and Hanjin KAL in the first half, up 11.1% from 8.152 billion won a year earlier as Korean Air's long-term incentive program boosted his payout. Korean Air paid 5.383 billion won, up 40.8% from 3.823 billion won, largely because virtual share units (cash-settled stock-linked awards) vested under its long-term performance plan. Hanjin KAL, the group's holding company, paid 3.67 billion won, down 15.2% from 4.329 billion won after last year's comparison was inflated by a 1.925 billion won one-time special bonus tied to the Korean Air-Asiana Airlines merger, in addition to 2.404 billion won in salary. Across all affiliates, however, Cho's total compensation slipped 1.9% to 9.053 billion won from 9.224 billion won because last year's figure included pay from Jin Air, while this year's half-year disclosures did not. Korean Air's first-half revenue rose 20% year over year to 9.54 trillion won and operating profit increased 4% to 778.7 billion won, with stronger performance and share-price trends seen supporting the larger incentive payout. Separately, Toss Securities reported record first-half net income of 236.8 billion won, up 80%, as domestic and overseas equity trading accelerated. Operating profit climbed 89% to 319.5 billion won, revenue jumped 139% to 845.8 billion won, foreign securities trading volume increased 104% to 367 trillion won, domestic stock trading volume surged 695% to 692 trillion won, brokerage commission revenue rose 87% to 343.6 billion won, assets topped 12 trillion won for the first time, and cumulative registered users exceeded 10 million at the end of last month.

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