BTS producer reportedly became the highest-paid employee in South Korea.
The producer behind South Korean pop group BTS reportedly became the highest-paid employee in South Korea in the first half of 2021, outranking some of the richest business leaders in the country.
GMA News Online reported Wednesday that the trailblazing septet have reached global superstardom with their single “Dynamite” entering the Billboard Hot 100 at number 1 last year.
BTS was also credited with generating billions for the South Korean economy and HYBE made a high-profile stock market debut last year.
A regulatory filing by HYBE showed that Kang Hyo-won (also known as Pdogg) made over KRW 40 billion (USD 34.2 million) in the January to July period, making him the highest-paid staff member at any listed South Korean company in the first half of the year.
Kang was the chief producer of some of the group’s megahits including “DNA”, “Blood Sweat & Tears”, and “Idol”. According to Kang’s company, his wages were around KRW 38 million, but he also earned KRW 39.9 billion won from stock options and KRW 111 million in incentives.
In second place was Chung Mong-koo, who was the honorary chairman of Hyundai Motor Group. Chung earned KRW 30.2 billion, mostly in severance pay from Hyundai Mobis, Hyundai’s parts and service arm.
Two other HYBE executives — HYBE CEO Yoon Suk-joon and HYBE Chief Managing Director Kim Shin-gyu — were ranked third and fourth places.
Meanwhile, BTS made an appearance at Samsung’s online launch event for the newest models in their foldable smartphone series. Also, one of the BTS members even composed his rendition of Samsung’s default ringtone “Over The Horizon”.