Unionized workers at South Korea’s Kakao initiated a four-hour strike and rally on Wednesday. Their demands include changes to the technology firm’s bonus system and job security. Hundreds of workers dressed in black T-shirts and equipped with white umbrellas exited Kakao’s office and marched to a rally at a nearby square in Pangyo, Gyeonggi province, beginning with a live music performance.<\/p>\n
While the union had informed police that up to 1,200 members would take part in the rally, it proceeded peacefully and concluded at 3 p.m. Reports indicate the union is organizing a general strike set for June 29, expecting participation from all 5,000 union members, although a union representative did not comment on these reports.<\/p>\n
The dispute at Kakao, employing around 6,000 individuals across five units, occurs against a backdrop of growing labor unrest in Asia’s fourth-largest economy. This unrest surfaces as technology companies report record earnings amid a global AI boom. Recently, Samsung Electronics’ union secured a bonus agreement for their chip division. Kakao, struggling to reach a wage deal with its union, faces criticisms over its compensation system, with union leaders advocating for one-off cash bonuses instead of stock units proposed by the company.<\/p>\n
(With inputs from agencies.)<\/p>\n","protected":false},"excerpt":{"rendered":"Unionized workers at South Korea’s Kakao initiated a four-hour strike and rally on Wednesday. Their demands include changes…\n","protected":false},"author":2,"featured_media":48161,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[622],"tags":[3888,9562,24303,28129,827,853,33,20885,1013,3531],"class_list":["post-48160","post","type-post","status-publish","format-standard","has-post-thumbnail","category-kakao","tag-ai-boom","tag-bonus-system","tag-gyeonggi","tag-job-security","tag-kakao","tag-pangyo","tag-south-korea","tag-south-korea-economy","tag-technology","tag-union-strike"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/48160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=48160"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/48160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/48161"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=48160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=48160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=48160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}