Kakao's labor and management have overcome the strike and conflict from last June to reach a final agreement on the 2026 wage negotiations. Under this agreement, employees will receive a 6.3% salary increase and a special incentive of 3 million won.

[Background of Negotiations: Through Strike and Conflict] Previously, Kakao's labor and management experienced conflict over differences in their positions regarding wage negotiations. In particular, last June, a partial strike and a full-day strike called 'Logout Day' were held for the first time since the company's founding, heightening tensions significantly. Additionally, union members at affiliates raised concerns about employment insecurity caused by restructuring, including spin-offs and sell-offs, as well as issues surrounding performance bonuses.

• *[Key Agreements]**
• After these difficulties, Kakao and the Kakao Chapter of the Korean Federation of Chemical, Textile and Food Workers' Unions under the Korean Confederation of Trade Unions reached a tentative wage agreement on the 30th of last month. Following a briefing for union members and a vote, the 2026 wage agreement was finalized on the 7th. The main points of this agreement are as follows:
• Salary Increase: A 6.3% increase in total annual salary (based on funding sources)
• Incentive Payment: A special incentive of 3 million won to be paid to employees
• Promoted Personnel: Stage-up funding applicable to certain personnel, including those promoted, to be budgeted separately

[Future Schedule and Positions of Labor and Management] The Kakao Chapter of the Korean Federation of Chemical, Textile and Food Workers' Unions announced that the voting on the tentative agreement by union members has been completed. The negotiations are expected to be officially concluded after remaining procedures, including a signing ceremony.

Kakao stated its commitment to faithfully implementing the agreement reached in this round of negotiations. The company also expressed its dedication to fostering a work environment where employees can focus more on their duties alongside sustainable growth.