Kakao Union Challenges Planned Spin-Off, Citing Worker and Shareholder Risks
Kakao labor union Krew Union launched a formal campaign against Kakao’s planned spin-off, arguing the measures for protecting workers and minority shareholders are inadequate. It says affiliate workers’ employment security could weaken if Kakao X later sells stakes or restructures. The union also calls for transparent disclosure of valuation and restructuring plans, and urges opposition to a Kakao–Kakao Investment small-scale merger, while Kakao schedules an online briefing for minority shareholders on Sept. 16.