Unionized workers at No. 1 internet-only KakaoBank stage 1-day strike
Kakao Bank headquarters in Seongnam, Gyeonggi Province / Yonhap
Unionized workers at internet-only Kakao Bank launched a full-scale strike Friday over wage increases and other benefits, its union said.
The labor union and Kakao Bank's management have been in negotiations over a pay raise and other benefits but failed to narrow differences.
According to the union, over 700 unionized workers participated in the one-day strike but did not hold a rally.
"We are discussing our future actions," the union said.
In the first quarter of the year, Kakao Bank logged an operating income of 211 billion won ($143 million) on revenue of 1.94 trillion won, both quarterly highs.
Its parent Kakao Corp. also has been mired in a labor dispute as wage negotiations between management and labor have been deadlocked for the past two months.
Kakao's unionized members staged a partial strike in early June.