Kakao Rejects Union Bonus Demands as a Major Burden
Kakao Corp rejected union profit-sharing demands as an unrealistic burden on management. Workers backed a strike after pay talks ended without an agreement.
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KAKAO CORP rejected union demands for a 10% operating profit bonus, calling the proposal a financial burden that threatens future growth. The rejection follows government-mediated talks in South Korea that ended without a pay agreement on Friday afternoon. A potential strike across four affiliates threatens the dominant chat app operator as it pivots toward capital-intensive AI development.