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Market Chatter: KakaoBank Union Pushes for Better Wage Proposal Ahead of Five-Day Strike

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KakaoBank's (KRX:323410) labor group has asked management for a better salary bargain ahead of a five-day strike, Yonhap News Agency reported Wednesday.

The parties have been discussing a pay increase and other benefits, but a deal has not been reached yet, the report said.

The union's strike will run from Aug. 31 to Sept. 4, although the group said it can be prevented with a better wage offer from the management, the report said.

Parent company Kakao Corp. (KRX:035720) did not immediately respond to' request for comment.

(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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