Kakao labor and management agree on wage hike, 3 million won bonus

Kakao and its labor union have finalized wage negotiations, ending a prolonged period of conflict. The agreement, ratified by a union member vote, includes a 6.3% increase in the total annual wage budget and a special bonus of 3 million won for employees. Separate from this, funds for Stage Up, which rewards job roles and performance, will be managed independently.

The negotiations, which began in April, had stalled over disagreements regarding wage hike rates and the performance compensation system. The dispute led to Kakao's first-ever partial strike on June 10 and a full strike on June 29. Following these actions, further negotiations resulted in a tentative agreement, which was then put to a vote by union members.

Kakao stated its commitment to fulfilling the terms of the agreement. The company aims to foster a sustainable growth environment and improve working conditions to allow employees to focus more effectively on their tasks. The resolution marks a significant step towards stabilizing labor relations within the tech company.

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We plan to faithfully implement the agreement reached through these negotiations and work together to create a sustainable growth environment and a working environment where members can focus more on their work.