The Kakaoji Association of the National Chemical Fiber Food Industry Labor Union announced on the 25th that “we have established a union in Kabin, the largest Internet bank in Korea.” The Kakao Oji Association, which is a form of industrial union, can join not only the Kakao headquarters, but also subsidiaries and affiliates. The Kabin union is a branch of the Kakaoji Association.
Kakao Bank, launched in 2017, has grown in size with 13 million subscribers and over 21 trillion won in loan assets in three years. Last year, it recorded a net profit of 1136 billion won. It has grown so rapidly that its profits have grown more than eight times more than a year ago when it first turned into a surplus.
However, it is known that among employees, the idea that fruit was not properly distributed during the growth process. In particular, in the IT industry, there is a growing conflict between the company and employees over annual salaries and incentives. The incentive conflict that started at SK Hynix has expanded to SK Telecom and Naver, and the trend of annual salary hikes is spreading, starting with game companies.
The Kabin union emphasized a transparent performance compensation system. The Carvin union argued, “We achieved the highest performance in history last year, but on a fair basis, the results were not returned to our employees.” “Apart from the trends in the IT industry that promises better treatment to recruit talented developers, and the company’s unprecedented performance, the compensation that employees receive is stepping in place.” I asked.
Kakaoji Chairman Seo Seung-wook said, “It is not a simple incentive or salary increase, but a reasonable and fair compensation standard.” .
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