Brief

Kakao's labor union initiated its first-ever partial strike on June 10th, involving approximately 1,500 employees across its headquarters and four subsidiaries. The core dispute centers on performance bonus distribution, with the union demanding 13-14% of operating profit be allocated as bonuses, excluding restricted stock units. Kakao's management views these demands as a financial burden. AI

Kakao employees are planning the company's first-ever strike, scheduled for Wednesday, to demand higher bonuses and profit sharing. Approximately 600 union members from various Kakao divisions are expected to participate in the protest near the company's headquarters. The strike follows failed negotiations between the union and management regarding performance bonuses, with employees seeking a share of last year's operating profit and a revised compensation structure. AI