section_path: Compensation and privileges of office
section_name: Compensation and privileges of office
paragraph_text: Compensation and privileges of office
  
  As of 2021, the president receives a salary of ₩ 240,648,000 along with an undisclosed expense account to cover travel, goods and services while in office.
  
  In addition, the presidency of the republic maintains the Chongri Gonggwan ("Official Residence of the Prime Minister") and the Prime Ministers Office in Seoul. The Chongri Gonggwan is the prime minister's official residence and official workplace. The prime minister is allowed use of all other official government offices and residences.
  
  The president also has many regional offices especially in the major cities ready to receive the president at any time. Although not residences, they are owned by the national government and are used when the president is in the region or city.
  
  For ground travel the president uses a highly modified Hyundai Nexo SUV to serve as the presidential state vehicle. For air travel the president uses a highly modified plane which is a military version of the Boeing 747-8 with the call sign Code One and a highly modified helicopter which is a military version of the Sikorsky S-92 that serves as the presidential helicopter.