Kakao Corp.’s labor union announces a partial walkout next week following stalled negotiations with management over wages and job security. According to reports, the union will stage a four-hour strike on June 10 and hold a march near Kakao’s headquarters in Pangyo, Gyeonggi Province, south of Seoul. The union says it wants improved compensation structures and employment stability for workers, and it criticizes the current pay setup as allowing executives to receive disproportionate rewards. The decision follows a failed second round of wage talks mediated by the South Korean government, which ended on May 27 without agreement. The dispute centers on performance-based pay and related incentive or profit-sharing arrangements. Sources also note that Kakao is not the only company facing labor tensions, with similar disagreements about performance pay and profit sharing emerging across South Korea’s corporate sector after other high-profile standoffs. The union indicates the strike could expand in scope depending on the outcome of future negotiations.
Kakao union plans four-hour strike after wage talks with company stall
Kakao Corp.’s labor union announces a partial walkout next week following stalled negotiations with management over wages and job security. According to reports, the union will stage a four-hour strik...
- Kakao Corp.’s labor union calls for industrial action next week after wage talks with management stall.
- The planned action is a four-hour strike on June 10.
- The union also plans a march near Kakao’s headquarters in Pangyo, Gyeonggi Province.
- Negotiations mediated by the South Korean government end without agreement after a second round on May 27.
- The dispute focuses on compensation structure, performance-based incentives, and employment stability/job security.
Kakao Corp.’s labor union called for a four-hour strike next week, escalating a dispute with South Korea’s biggest messaging service after negotiations over compensation and job security broke down last month.
2 months agoKakao Corp.'s labor union said Monday it will initiate a partial walkout next week, after a second round of wage talks mediated by the government fell through last month. Unionized members said in an official statement it will stage a four-hour strike on June 10 and march near the company's headquarters in Pangyo, Gyeonggi Province, south of Seoul. It demanded the company secure the employment stability of its workers and improve its compensation structure, which it claims allows executives to "monopolize excessive rewards." The union also warned it could increase the scale of the strike depending on the outcome of future negotiations. The latest development comes amid a labor dispute over performance-based pay and profit sharing at Korean companies, sparked by the recent standoff at Samsung Electronics. On May 27, Kakao's labor and management failed to reach an agreement in the second round of wage talks mediated by the government, as the two sides were unable to narrow differences in the performance-based incentive structure. Unionized workers at Kakao's five units, including its headqua
2 months ago
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