If what critics call a “bonus party for a privileged few” discourages investment and hiring while weakening the competitiveness of Korea’s key industries, the costs will ultimately be borne by the broader public.

If these trends continue, sustaining industrial competitiveness, economic growth and job creation for young people may become increasingly difficult.

SEOUL, June 1 : South Korea's Kakao Corp union said on Monday it will stage a four-hour strike and rally in Pangyo on June 10, demanding job security and reforms to a compensation…