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Salary Increase Trends in Korea

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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  1. April 30, 2004 W A T S O N W Y A T T Salary Increase Trends in Korea - AMCHAM Presentation Material -

  2. Table of Contents  Salary Increase Rates • Salary Increase Rate • Salary Increase Rate – by Industry Executive Compensation • Top Management • Senior Management

  3. 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

  4. 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

  5. Table of Contents Salary Increase Rates • Salary Increase Rate • Salary Increase Rate – by Industry  Executive Compensation • Top Management • Senior Management 4

  6. 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

  7. 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) 6

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