Memorandum of Understanding Between the Department of Labor and Employment, Republic of the Philippines and the Ministry of Labor, Republic of Korea on the Sending and Receiving of Workers Under the Employment Permit System of Korea

May 30, 2009MEMORANDUM OF UNDERSTANDING BETWEEN THE DEPARTMENT OF LABOR AND EMPLOYMENT, REPUBLIC OF THE PHILIPPINES AND THE MINISTRY OF LABOR, REPUBLIC OF KOREA ON THE SENDING AND RECEIVING OF WORKERS UNDER THE EMPLOYMENT PERMIT SYSTEM OF KOREAThe Department of Labor and Employment of the Republic of the Philippines and the Ministry of Labor of the Republic of Korea (hereinafter referred to as the "Parties"), Respecting the principles of equality and mutual benefit; aDcHISDesiring to enhance the existing friendly relations between the two countries through cooperation in the fields of labor affairs and human capacity building; andRecognizing the benefits to be derived from such cooperation by both countries;Have reached the following understanding:PARAGRAPH 1. Purpose. —The purposes of this Memorandum of Understanding (hereinafter referred to as "MOU") are to develop a more viable framework for cooperation between the Parties and to enhance transparency and efficiency in the process of sending and receiving of Filipino workers under the Employment Permit System for Foreign Workers (hereinafter referred to as the "EPS") of the Republic of Korea (hereinafter referred...