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Market Chatter: Kakao, Labor Union Reach Tentative Wage Deal

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Kakao Corporation (KRX:035720) has reached a tentative wage deal with its labor union, bringing the nearly two-month-long dispute over performance-based compensation and job security closer to an end, Pulse News reported last week, citing industry sources.

The terms of the deal will remain confidential until the agreement is finalized following a union ratification vote and formal signing by both parties.

Kakao Corporation did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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