After more than two months of conflict over wage talks, Kakao labor and management reached a tentative agreement on the wage negotiations.
According to the industry on the 30th, the Kakao chapter of the Korean Confederation of Trade Unions National Chemical Fiber Food Industry Labor Union tentatively agreed to a wage bargaining plan the previous day.
The Kakao union will share the details of the tentative agreement with its members and hold a vote to decide whether to accept it. Kakao labor and management agreed not to disclose specific terms such as the wage increase rate until the agreement is finalized. If the deal passes in the vote, labor and management plan to conclude this year's wage talks.
A Kakao official said, "It is difficult to share the details, and we will be able to speak when it is finalized."
On the 29th of last month, members from five subsidiaries including Kakao and Kakao Pay carried out a "Logout Day." Logout Day is an industrial action in which members use annual leave or days off to refrain from work for a day and log out of work systems. On the 21st, the union also held an in-house picket protest at the Pangyo Azit, led by the KakaoBank union.