SEOUL, Aug. 20 (Yonhap) -- Unionized workers at internet-only Kakao Bank will launch a five-day strike as talks with management over wage increases and other benefits have stalled, its union said Thursday.

The labor union and Kakao Bank's management have been in negotiations over a pay raise and other benefits but failed to narrow outstanding differences.

The union said the strike will run from Aug. 31 to Sept. 4.

On July 31, the unionized workers also went on a full strike.

In the first quarter of the year, Kakao Bank logged an operating income of 211 billion won (US$143 million) on revenue of 1.94 trillion won, both quarterly highs.

Unionized workers at the bank's parent, Kakao Corp., and its management, meanwhile, reached a final wage deal earlier this month after a three-month dispute.

sam@yna.co.kr

(END)

  • N. Korea silent on Lee's proposal for dialogue to officially end Korean War
  • (2nd LD) Lee proposes dialogue with N. Korea to officially end Korean War, halt Pyongyang's nuclear program
  • (LEAD) Gov't aims to supply over 230,000 additional homes in Seoul metropolitan area to tame housing prices
  • (2nd LD) Gov't aims to supply over 230,000 additional homes in Seoul metropolitan area to tame housing prices

  • (LEAD) Lee reiterates support for four-year, two-term presidential system

  • N. Korea silent on Lee's proposal for dialogue to officially end Korean War

  • Trump signs memo permitting foreign shipbuilders to build up to 2 U.S. ships in their shipyards
  • (LEAD) Lee reiterates support for four-year, two-term presidential system
  • (2nd LD) Lee proposes dialogue with N. Korea to officially end Korean War, halt Pyongyang's nuclear program

  • Korean independence activist An's prison handwriting repatriated from Japan

  • Death penalty sought for woman accused of killing 2 men with laced drinks

  • Seoul not notified in advance of Trump's order to scale back drills: FM Cho
  • N. Korea warns of 'self-defense' measures despite Trump's order to reduce drills with S. Korea
  • (LEAD) S. Korea, U.S. cut short joint military exercise following Trump order
  • Hanwha wins U.S. Army contract for K9 self-propelled howitzer prototypes