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Games & Commerce

Kakao CEO Jeong Shina apologises for uncertainty as strike threatened, presses ahead with restructuring

Kakao CEO Jeong Shina apologised to employees for failing to quickly resolve concerns and uncertainty after wage talks with its union ended without a final agreement. The union has secured the legal right to strike and has warned it will begin a strike in June. Jeong also set out a plan to restructure the product organisation, splitting it into KakaoTalk and business units and integrating design functions. A user-first task force will be created within KakaoTalk.

Games & Commerce

Kakao labor talks break down again, raising prospect of first HQ strike

Kakao’s headquarters labor and management failed to reach a final agreement in a second mediation session on May 27 at the Gyeonggi Provincial Labor Relations Commission, granting the union legal rights to strike. The two sides remain divided over wage hikes and performance compensation, including bonuses and institutionalising RSUs. With the headquarters included, five Kakao entities now hold dispute rights after a strike vote passed. The union is seen as unlikely to launch an immediate full strike.

Games & Commerce

Kakao labor, management hold second mediation at Gyeonggi labor commission

Kakao’s union and management will hold a second mediation meeting on May 27 at the Gyeonggi Provincial Labor Relations Commission, a step seen as the final hurdle to securing a legal right to strike at headquarters. The sides failed to narrow gaps in the first mediation on pay rises and performance rewards. If mediation ends without agreement and the panel halts mediation, the HQ union would obtain strike rights, raising the possibility of a group-wide joint general strike.