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Market Chatter: Kakao's Unionized Workers Stage First-Ever Walk Out Over Bonus Dispute

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Unionized employees of Kakao Corp. (KRX:035720) will stage the company's first ever walkout on June 10, with around 600 members across five units expected to participate, according to a report by the Yonhap News Agency on Wednesday.

The union is demanding 13% to 14% of last year's operating profits as performance-based incentives, the report said.

Concurrently, the union is seeking a rework of the compensation structure, the report noted.

However, the company management has so far rejected the demands citing them as a "huge burden" on fiscal operations, the report added.

(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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