Chief producer of Big Hit Entertainment and BTS Kang Hyo-won, or Pdogg, topped salary rank at South Korean music label Hybe.
According to the annual report released by Hybe, the label behind K-pop megastar BTS, Pdogg’s total remuneration last year, including salary, bonus, and the exercise of stock options, amounted to 40.1 billion won ($32.9 million). He received 128,000 shares at 1,062 won per piece in November 2016 and gained 39.92 billion won after selling option shares at 313,000 won apiece.
Pdogg has been working with BTS since the K-pop superstar septet’s debut. He made many hit songs for BTS, including “Spring Day.” He also has been on top in terms of royalty income for the past four years.
Other senior executive officers at Hybe were also paid highly.
Yoon Seok-jun, co-CEO of Hybe America, and Kim Shin Gyu, chief manager of Hybe, ranked second and third in terms of annual compensation. They also achieved staggering amounts by selling their stock option shares.
Yoon earned extra 39.2 billion won, including 38.3 billion won from selling stock options, 399 million won in severance pay, and 269 million won in annual salary. Kim received 27.8 billion won, including 27.4 billion won from stock option sales.
Hybe’s Chief Branding Officer (CBO) Min Hee-jin was paid 526 million won, including 338 million won in annual salary and 187 million in bonus.
[ⓒ Pulse by Maeil Business Newspaper & mk.co.kr, All rights reserved]