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Games & Commerce

Kakao bonus pay dispute drags on as union sticks to June 29 \'Logout Day\'

Kakao\'s union will proceed as planned with a June 29 \"Logout Day,\" saying talks with management over the performance bonus compensation system have not reached a level where agreement is possible. Members will stop work for a full day using leave and log out of internal systems. The action covers five affiliates including Kakao and Kakao Pay. The union seeks a 10 million won bonus, while management says it is hard to accept.

Games & Commerce

Kakao faces double trouble of labour dispute and weak shares, raising concerns over AI shift

Kakao’s first-ever strike at its headquarters is fuelling concerns that its artificial intelligence transition strategy could be disrupted, with the union warning of a second walkout on June 29. The dispute centres on performance pay and RSUs, but also broader issues including restructuring-related job insecurity and perceived gaps between executive and employee compensation. Kakao shares have remained weak since the strike. The company is pursuing an AI shift for KakaoTalk while facing rising costs and internal tensions.

Games & Commerce

Kakao Games eyes turnaround with management shake-up and new game push ahead of new top shareholder

Kakao Games is moving to replace its management ahead of a change in its largest shareholder from Kakao to an investment vehicle funded by Line Yahoo. The company plans to appoint two internal directors who are expected to become co-CEOs and to name a non-executive director from Petrico Partners. It also outlined five new game releases from the third quarter through year-end as it seeks a turnaround after six consecutive quarterly losses.