Kakao Bank union to strike July 31 amid failed wage talks

The Kakao Bank labor union has announced a full-day strike scheduled for July 31, escalating their dispute with management over wage negotiations. The union cites a lack of sincere engagement from the company and an inability to resolve significant differences in wage expectations as the primary reasons for the planned work stoppage.

Seo Seung-wook, the head of the Democratic Labor Union's Kakao branch, expressed frustration during a rally outside Kakao's headquarters in Pangyo, Gyeonggi Province. He stated that the company had not shown a proactive attitude in negotiations, and the core issues surrounding wage discussions remained unresolved.

Attempts to mediate the conflict through the Gyeonggi Provincial Labor Relations Commission proved unsuccessful. A recent mediation meeting failed to bridge the substantial gap between the union's demands and the company's offers. Consequently, the commission decided to suspend the mediation process, deeming further continuation difficult due to the entrenched positions of both parties.

Following the suspension of mediation, the Kakao Bank union proceeded with the necessary procedures, including a vote on industrial action, to confirm their decision for a comprehensive strike. While the Kakao Bank union has set a strike date, there have been no announcements regarding potential strikes at Kakao's headquarters or other affiliated companies.

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The management did not show an active attitude in negotiations, and the gap between labor and management regarding wage negotiations has not been resolved.