Memorandum of Understanding Between the Ministry of Labor, Republic of Korea and the Department of Labor and Employment, Republic of the Philippines on Cooperation in the Field of Labor and Manpower Development

May 30, 2009MEMORANDUM OF UNDERSTANDING BETWEEN THE MINISTRY OF LABOR, REPUBLIC OF KOREA AND THE DEPARTMENT OF LABOR AND EMPLOYMENT, REPUBLIC OF THE PHILIPPINES ON COOPERATION IN THE FIELD OF LABOR AND MANPOWER DEVELOPMENTThe Ministry of Labor of the Republic of Korea and the Department of Labor and Employment of the Republic of the Philippines (hereinafter referred to as the "Parties"), TcHCISUPHOLDING the principle of equality;SHARING the aspiration for and pursuit of co-prosperity;DESIRING to strengthen the existing friendly relations between the two countries through cooperation in the fields of human capacity building and employment promotion; andRECOGNIZING the benefits to be derived from such cooperation by both countries;HAVE REACHED the following understanding:I. ObjectiveThe objective of this Memorandum of Understanding (hereinafter referred to as "MOU") is to establish and develop a framework for sustainable cooperation between the Parties in the field of Labor and Manpower Development. II. Programs and ActivitiesIn pursuance of the objective of this MOU, the Parties may, among others, implement the following programs and activities:1. Sharing of information on existing policies and programs concerning...