The average salary for employees of two major internet banks, such as Kakao Bank and K-Bank, was estimated at 80 million won.



However, if you separate the average salary of male Kakao Bank employees, who have a small proportion of fixed-term workers, it was 97 million won.



Kakao Bank CEO Yoon Ho-young, whose annual salary was first disclosed, was reported to have received an annual salary of 566 million won last year, far below the level of commercial bank presidents.



According to the annual report on the governance structure and compensation system announced by Kakao Bank and K-Bank today (5th), the average salary for employees of Kakao Bank last year was 79 million won and K-bank was 80 million won.



This is the total annual remuneration paid to all executives and employees, including the CEO, divided by the number of employees at the end of the year.



Looking at the average salary of employees over the past three years, Kakao Bank has been increasing steadily every year to 66 million won in 2018, 71 million won in 2019, and 79 million won in 2020.



K-Bank was 72 million won in 2018, 82 million won in 2019, and 80 million won in 2020.



However, in the case of Internet banks, there are many employees with experience throughout the year, and in this case, the difference between the average salary of employees and the actual average salary disclosed in the report is reflected in the total compensation amount, not the'annual conversion amount' of the intermediate employee. The two banks explained that you should be aware of what you can fly.



In addition, he added that the number of retirees during the year is excluded from the number of employees, but the fact that the compensation paid to retirees is included in the total amount of employee compensation, he added, that this figure should be considered.



An official at Kakao Bank said, "In the case of Internet banks with a rapidly increasing number of employees, the simple average value obtained by dividing the total annual payment by the number of people (including interns) at the end of the year may have limitations in reflecting the actual annual salary."



Internet banks, unlike commercial banks, do not have counter staff, but it is also important to consider that there are many call center customer counseling positions.



In fact, in the 2020 business report published by Kakao Bank on the Financial Supervisory Service's electronic disclosure system, the average salary per female employee with a short average tenure of two years and two months and a high proportion of fixed-term workers was 59 million won, but the average years of service. The average salary for a male employee with 2 years and 7 months and a few fixed-term workers was 97 million won (excluding registered executives when calculating the salary), which was much higher.



Kakao Bank, a leader in internet banking, has seen rapid growth in the number of employees and assets over the past three years.



The number of employees at Kakao Bank (including interns) increased by more than 100 every year to 603 at the end of 2018, 786 at the end of 2019, and 913 at the end of 2020.



Kakao Bank's assets are KRW 5.84 trillion at the end of 2017, KRW 12,126.7 billion at the end of 2018, KRW 22.74 trillion at the end of 2019, and KRW 26.649.9 billion at the end of 2020. It stretched quickly.



On the other hand, K-Bank, whose loan business was suspended until the first half of last year due to capital expansion problems, maintained the same number of employees at 249 at the end of 2018, 287 at the end of 2019, and 299 at the end of 2020.



K-Bank's total assets amounted to KRW 2,184.7 billion at the end of 2018, KRW 2.5586 billion at the end of 2019, and KRW 3,279.9 billion in the third quarter of 2020.



Ho-young Yoon, CEO of Kakao Bank, received an annual salary of 566 million won, combined with a salary of 356 million won and an incentive wage of 280 million won last year.



The only employee of Kakao Bank to receive more than KRW 500 million in salary was disclosed for the first time through the Financial Supervisory Service Electronic Disclosure System Business Report.



The incentives included in Yoon's annual salary were paid in the first quarter of last year according to the 2019 evaluation criteria, and deferred incentives for 2017 and 2018 were included.



Yoon's annual salary differed by as much as 1 billion won compared to the remuneration received by bank heads of major commercial banks last year.



Looking at the combined salary and bonuses of the four major commercial banks last year, Heo In, KB Kookmin Bank President, KRW 1.73 billion, Jin Ok-dong Shinhan Bank President, KRW 1.13 billion, Ji Sung-kyu, former Hana Bank President, 1.22 billion KRW, Kwon Kwang-seok Woori The head of the bank was 553 million won.



However, as Kakao Bank achieved its first annual surplus last year, it is expected that the salary gap between the heads of commercial banks and commercial banks will be narrowed a little further, as the incentive wages that Yoon will receive in the first quarter of this year will increase significantly.



In addition, CEO Yoon was granted a stock option (stock option) of 520,000 shares (5,000 won at the event) in March 2019.If the performance conditions are met, the stock option is divided into 3 times for 5 years from March 25 this year. Can be exercised.



The event conditions are 13 million customers and 130 billion won in profit before corporate tax.



The annual salary of the bank president of K-Bank was not disclosed because it was less than 500 million won, which is the standard of disclosure.



(Photo = Courtesy of Kakao Bank, Yonhap News)