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Friday, March 29, 2024

OFWs in Korea receive minimum wage increase

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South Korea has increased the minimum wage of all foreign workers, including Filipinos, by as much as 7.3 percent under its Employment Permit System, the Department of Labor and Employment said.

The Philippine Overseas Labor Office in Korea welcomed the new minimum wage rate, saying the pay hike will take effect Jan. 1, 2017.

Labor Secretary Silvestre Bello III said the new minimum wage rate for 2017, which is a boon to South Korea-based Filipino workers who will now enjoy a minimum wage rate of P268.73 per hour from P250.46 per hour.

He said more than 24,000 OFWs in both small- and medium-scale manufacturing industries employed under the EPS shall be covered by the new base rate next year.

The South Korean government, through its Labor Standards Policy Department, shall closely monitor the employment conditions, support employment, and supervise the worksites to ensure that the new minimum wage is enforced.

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The increase does not, however, cover those working in their family business and living in the same residence, domestic workers and seafarers.

As of December 2015, government records showed that more than 41,000 OFWs work and live in South Korea.

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