KakaoBank Union Launches First-Ever Strike

The labor union of KakaoBank has gone on strike for the first time since the launch of the internet-only bank, with more than 700 union members participating in the walkout.

Yonhap News Agency

According to the financial sector and the Kakao chapter of the National Chemical, Textile, and Food Industry Labor Union on July 31, as of now, more than 700 union members are participating in the KakaoBank strike. Only union members directly employed by KakaoBank participated in the strike, while members from other corporate entities under the Kakao chapter, including Kakao itself, did not join the walkout.

The Kakao chapter did not organize a separate rally or collective action on this day. Instead, union members participated in the strike by taking annual leave or days off, effectively stepping away from work in what has been termed a "Logout Day." The Kakao chapter stated, "Only union members from KakaoBank participated in today’s strike, while other corporate entities within the chapter did not. We are not holding any separate rallies, and the mode and timing of further actions remain under internal discussion."

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