April 18, 2024
Finance
Women fail to break glass ceiling in finance industry
[THE INVESTOR] One in four financial industry workers earn over 100 million won (US$87,900) a year, but women remain underrepresented in the high-earning group, data showed on Feb. 15.
The data from the Korea Institute of Finance showed that men earning more than 100 million won accounted for 37.6 percent of all male workers, but the figure for women came to only 9.9 percent.
The KIF surveyed 1,389 financial service providers in seven sectors including banking, insurance and securities, and found that the annual salaries of 24.8 percent of the workers exceeded 100 million won. In 2012, 9.9 percent of finance industry workers had salaries exceeding 100 million won.
Banks had the largest proportion of workers making 100 million won or more, followed by asset management firms. Nearly a third of bank employees made 100 million won or more, while the figure for asset management firms came in at 28.8 percent.
By Choi He-suk (cheesuk@heraldcorp.com)
The data from the Korea Institute of Finance showed that men earning more than 100 million won accounted for 37.6 percent of all male workers, but the figure for women came to only 9.9 percent.
The KIF surveyed 1,389 financial service providers in seven sectors including banking, insurance and securities, and found that the annual salaries of 24.8 percent of the workers exceeded 100 million won. In 2012, 9.9 percent of finance industry workers had salaries exceeding 100 million won.
Banks had the largest proportion of workers making 100 million won or more, followed by asset management firms. Nearly a third of bank employees made 100 million won or more, while the figure for asset management firms came in at 28.8 percent.
By Choi He-suk (cheesuk@heraldcorp.com)
