Kakao Doubles Employee Housing Loan Scale and Introduces Welfare Points System

[Asia Economy Reporter Kang Nahum] Kakao has strengthened its in-house welfare policies by introducing welfare points for employees and doubling the housing loan limit.

According to Kakao on the 9th, last week the company announced these welfare system improvements to all employees at its headquarters.

Specifically, Kakao will provide all headquarters employees with annual welfare points worth 3.6 million KRW and increase the housing loan limit from 70 million KRW to 150 million KRW.

Additionally, the scope of medical insurance support for all employees and their families will be expanded to include dental insurance. A cafeteria will also be established in the new Alphadom City building in front of Pangyo Station, scheduled to open next year.

Earlier, despite record-breaking performance last year, internal dissatisfaction arose over insufficient rewards and issues with the personnel evaluation system. In response, Kakao established a special task force (TF) in March to improve the personnel system. This welfare improvement plan is the result of the TF’s discussions.

A Kakao official said, "It will proceed according to the TF’s discussions," adding, "The implementation schedule will be announced separately once the system is in place."

This content was produced with the assistance of AI translation services.