Kakao wage deal ends labor dispute after first-ever strikes

Kakao said Friday it has reached a final wage agreement with its labor union, bringing an end to a dispute that led to the company’s first strikes since its founding. The agreement, approved in a vote by union members, calls for a 6.3 percent increase in the company’s overall salary budget and a special payment of 3 million won ($2,115) to employees. “We will faithfully implement the agreement reached through the negotiations,” a Kakao official said. “We will continue working together to create