Hyundai Motor chairman Chung Mong-koo reportedly received a 2% pay rise to KRW5.72bn (US$5.2m) in 2014.

It was a year that saw weakness in the rouble and yen contributing to sluggish earnings at the automaker while the 77 year old son of the late founder presided over Hyundai’s role in a US$10bn property purchase, triggering a drop in the automaker’s share price which an increased dividend and stock buyback failed to revive.

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Earlier this month, chief executive Kim Choong-ho said Hyundai was considering investor proposals to improve corporate governance.

Chairman Chung also received KRW11.56bn from Hyundai Steel and KRW4.29bn from parts maker Hyundai Mobis.

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