ADDITIONAL REQUIREMENTS FOR THE ACCREDITATION OF KOREAN COMPANIES HIRING FILIPINO TRAINEES
hiring Filipino trainees as provided for in POEA Memorandum Circular
No. 37 Series of 1993, all concerned recruitment agencies shall be
required to submit the following documents to POEA’s Accreditation
Branch:
1. Certified true copy of Company registration
with the Securities and Exchange Commission (SEC) of the joint venture
firm in the Philippines;
2. Certified copy of
registration with the Board of Investments (BOI) of the Korean joint
venture investment in the Philippines;
3. Certified copy of the Joint Venture Agreement between the Philippine and Korean companies;
4. Joint Affidavit of Undertaking executed by the Korean
principal and its recruitment agency stating that immediately upon
completion of the training contract, the trainees shall be employed in
the joint venture firm or factory in the Philippines.
5.
Memorandum of Understanding between the Philippine and Korean entities
that they shall abide by the terms and conditions of the Training under
the Joint Venture approved by South Korean government subject to further
approval by POEA.
Above documents are strict prerequisites for
the accreditation of Korean principals. No provisional accreditation
shall be granted in case of non-compliance with any of the above
requirements.
All joint venture documents relating to the
mobilization of Filipino trainees to South Korea verified/authenticated
by the Labor Attache/Philippine Embassy prior to November 1, 1994 shall
be considered pipeline accounts to be processed according to the
accreditation requirements spelled out in MC 37 Series of 1993.
For immediate compliance.
Adopted: 15 Oct. 1994
(SGD.) FELICISIMO O. JOSON, JR.
Administrator