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Executive Compensation in Korea: Evidence from a New Mandatory Disclosure
Journal of Asian Finance, Economics and Business
This paper finds some stylized facts about executive pay in South Korea. Using aggregate data of the listed companies since 2002, we find that 1) the director's remuneration has risen faster than the employee compensation, thus, the pay ratio of executive and employee has escalated from 3.0 to 4.5; 2) the executive compensation for large business group fluctuates more widely than that for small and medium enterprises does, hence the pay ratio for large firms changes widely too; 3) the mediandoi:10.13106/jafeb.2019.vol6.no3.91 fatcat:uvh4dzm43vhqpjpyl5v5v2l5km