Head of Samsung’s mobile business makes more than Apple’s CEO

The head of Samsung’s mobile business, J.K. Shin, received a $5.8 million compensation package last year, beating the paycheck of his counterpart at U.S. rival Apple, the South Korean firm said on Monday in its first such disclosure under new regulations. The world’s biggest technology company by revenue said Shin’s pack included a base salary of 1.17 billion won and 1.6 billion won in incentives and performance bonus.

Samsung’s head of mobile business, J.K. Shin, earns more than Tim Cook, according to a new report. In 2014, Shin received $5.8 million compensation– made up of a base salary of 1.17 billion won, and 1.6 billion won in incentives and performance bonus. By comparison, Tim Cook took home $4.25 million — only slightly more than the $4.17 he earned in 2012. Samsung didn’t disclose remuneration details of J.Y. Lee, its non-executive vice chairman and son of chairman Lee Kun-hee, who receives no salary from Samsung. It did, however, reveal that co-chief executive Kwon Oh-hyun — who heads up the component business — earned 6.77 billion won, while third co-CEO Yoon Boo-keun — head of Samsung’s consumer electronics business — received 5.09 billion won. ($1 = 1069.3000 Korean Won)