Vietnamese labor to Korea must deposit VND100 million

The Department of Overseas Labor Management under the Ministry of Labor, Invalids and Social Affairs will from now on expect all Vietnamese laborers working abroad to make an initial deposit of VND100 million as of November 20.

As per this decision approved by the Prime Minister on August 21, 2013, all Vietnamese laborers travelling to Korea for work must deposit collateral of VND100 million, effective November 20.

The decision has been implemented in accordance with the Employment Permit System launched by Korea.

In case a laborer absconds from work, or does not return home after expiry of contract, choosing to stay on illegally in Korea, he/she will lose deposit, which will then be donated to the local employment fund for the poor.

By Van Phuc – Translated by Kim Khanh

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