MagnaChip Semiconductor CEO Young-Joon Kim's 2021 pay jumps 89% to $5.6M
MagnaChip Semiconductor reports 2021 executive compensation
By ExecPay News
Published: March 21, 2022
MagnaChip Semiconductor reported fiscal year 2021 executive compensation information on March 21, 2022.
In 2021, five executives at MagnaChip Semiconductor received on average a compensation package of $2.1M, a 74% increase compared to previous year.
Average pay of disclosed executives at MagnaChip Semiconductor
Young-Joon Kim, Chief Executive Officer, received $5.6M in total, which increased by 89% compared to 2020. 42% of Kim's compensation, or $2.3M, was in stock awards. Kim also received $1.6M in bonus, $69K of change in pension value and nonqualified deferred compensation earnings, $557K in salary, as well as $1M in other compensation.
For fiscal year 2021, the median employee pay was $100,331 at MagnaChip Semiconductor. Therefore, the ratio of Young-Joon Kim's pay to the median employee pay was 56 to one.
Theodore Kim, General Counsel, received a compensation package of $2.5M, which increased by 93% compared to previous year. 35% of the compensation package, or $876K, was in stock awards.
Woung Moo Lee, General Manager of Worldwide Sales, earned $978K in 2021, a 19% increase compared to previous year.
Chan Ho Park, General Manager of Power Solutions, received $845K in 2021, which increases by 43% compared to 2020.
Young Soo Woo, Chief Financial Officer, earned $728K in 2021, a 69% increase compared to previous year.
Related executives
Young-Joon Kim
MagnaChip Semiconductor
Chief Executive Officer
Theodore Kim
MagnaChip Semiconductor
General Counsel
Woung Lee
MagnaChip Semiconductor
General Manager of Worldwide Sales
Chan Park
MagnaChip Semiconductor
General Manager of Power Solutions
Young Woo
MagnaChip Semiconductor
Chief Financial Officer
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Source: SEC filing on March 21, 2022.