Kakao Corp. Labor Union, Management to Undergo Second Mediation Round
Outcome to Determine Strike Rights for Five Labor Unions Amid Broader South Korean Calls for Performance-Based Bonuses
L'essentiel
Kakao Corp.'s labor union and management to mediate wage disputes on May 27, with strike rights for five unions at stake if mediation fails, amidst South Korea's push for performance-based bonuses.
Résumé généré par IA
Pourquoi c'est important
Recent labor-management disputes in South Korea, notably at Samsung Electronics, have highlighted demands for performance-based bonuses.
SEOUL, May 27 (Yonhap) -- A labor union at Kakao Corp., the operator of South Korea's popular messenger service, and the company's management will undergo a second round of mediation with the Gyeonggi Regional Labor Relations Commission later Wednesday, industry sources said. The mediation procedures, set to take place at 3:00 p.m., come after the two sides failed to narrow differences in the first round of wage talks held May 18, according to sources. If the regional labor office decides to suspend the mediation, unionized members at Kakao's headquarters will secure their rights to strike, along with unions at four of the company's affiliates. The five labor unions had voted last week in favor of a walkout after wage negotiations with management fell through. The latest development comes amid broader calls for performance-based bonuses and profit sharing in South Korean companies, sparked by the recent labor-management dispute at Samsung Electronics Co. Kakao's union is reportedly seeking to include restricted stock unit grants, a form of equity compensation from the company, in the official performance-based incentive pool.
À surveiller
Perspective IA — des possibilités, pas des certitudes
Mediation may fail, leading to a strike
Probable · En quelques jours
Questions ouvertes
- Outcome of the second mediation round
- Exact terms sought by the labor union beyond RSU grants
