The Kakao Bank union was established as a branch under the Kakaoji Association, a chemical fiber food union.
Kakao Bank Labor UnionIt was launched.
On the 25th, the national chemical fiber food industry labor union Kakaoji Association (krew union) announced that a labor union was established at Kakao Bank, the largest internet bank in Korea. In their declaration of establishment, they said, “I hope that this company I want to go to will continue to be a better company in the future.”
“I’m not criticizing for compensation right away… I want to know the standards”
In the game and information technology (IT) industry, there is a competition for raising salaries and performance pay. The starting point was that Nexon announced in February that it would increase the annual salary of its incumbent by 8 million won. Game companies such as Krafton and Netmarble, as well as the entire industry such as Carrot Market, Yogiyo, and Jikbang, are joining the annual salary increase race. With the fierce competition for recruiting talent, voices are also increasing demanding a fair compensation system from companies.
The establishment of the Kakao Bank union is also in line with this atmosphere. Kakao Bank, which opened in 2017, has 13.6 million subscribers and has grown to about 20 trillion won in receipts (deposits) and loans (loans). It succeeded in turning to the black in 2019, and achieved the highest performance ever, with net profit last year, which increased 8.3 times from the same period last year to KRW 1136 billion. This is an achievement after 3 years and 6 months of launch. However, Kakao Bank’s union argues that such fruit does not lead to compensation for employees.
Kakao Bank union Transparency of performance compensationEmphasized. The union side said, “The fruit should be rewarded to employees on a reasonable and fair basis, but the reality is not.” The rewards they receive are on their way. In some cases, it is worse than last year.”
He added, “I am not accusing me of not giving compensation right away when considering the company’s long-term plan,” he said. In addition, he said, “The Kakao Bank union wants the company to communicate with employees on a fair basis and operate in a healthy way.
[카카오뱅크 노동조합 설립 선언문]
When I joined the company, Kakao Bank was a company that I could boast to anyone around me.
I thought they were providing great service and the corporate culture was incredibly good.
In recent years, the number of employees at Kakao Bank has increased dramatically, and I think there may be controversy where people gather.
In the meantime, I thought that the company would find the right way and present the right way.
There was a regret.
There was no damage to me right now, so as I watched, I wondered what I would think if I were the person involved.
Somehow, I still have affection for this company.
I think the solution the company is proposing is the best compared in the industry.
The solutions created by our employees are making a big difference in the world while having a huge impact on the industry.
So, I hope this company that I want to continue to be a better company in the future.
I am not saying that the company has done everything wrong. I don’t want to draw a line between the management and the road and conclude that they are always fighting.
However, I am sorry about this, so I would like to ask you to pay more attention.
Kakao Bank hopes that it will continue to be “same but different bank” in the future.
Also, I hope that it is a good company because it is good because it is the same and because it is different.
When it comes to union activities, I hope to be able to show off to others as “same but different bank”.