Kakao's office building in Pangyo, Gyeonggi Province (Yoon Chang-bin/The Korea Herald) Kakao said Friday it has reached a final wage agreement with its labor union, bringing an end to a dispute that led to the company’s first strikes since its founding.The agreement, approved in a vote by union members, calls for a 6.3 percent increase in the company’s overall salary budget and a special payment of 3 million won ($2,115) to employees.“We will faithfully implement the agreement reached through the negotiations,” a Kakao official said. “We will continue working together to create a workplace where employees can focus on their jobs while supporting the company’s sustainable growth.”Management and the union reached a tentative deal on July 30 after months of negotiations over pay, performance bonuses and employment concerns at Kakao affiliates.Crew Union had sought a 6.9 percent salary increase and performance bonuses of about 10 million won per employee, while Kakao resisted the bonus demand, citing the financial burden on the company.The dispute escalated in June, when unionized workers staged two strikes, the first in Kakao’s history, after wage negotiations broke down.Unions at Kakao affiliates also raised concerns over job security amid restructuring, including spin-offs and asset sales, adding employment issues to the dispute over compensation.