Kakao Union Seeks 10% of Operating Profit, Raising First HQ Strike Risk

Kakao, one of South Korea’s leading IT companies, is facing the risk of a strike at its headquarters for the first time since its founding. The Kakao branch of the Korean Chemical, Textile and Food Workers’ Union has demanded performance bonuses equal to at least 10% of operating profit, citing the SK hynix case. The original report said the demand came as shareholders were already growing anxious. The key figure in the demand is more than 10% of operating profit, with SK hynix mentioned as the comparison. The issue is expected to draw attention from the company, shareholders and employees because it could become Kakao’s first headquarters-level strike. Source: mk.co.kr