Many overseas Filipino workers (OFWs) will be glad in the minimum wage increase to be imposed by South Korea next year.

At least 24,000 OFWs will benefit in the 7.3 percent increase in the minimum wage rate announced by the Ministry of Employment and Labor (MOEL). Philippine Overseas Labor Office (POLO) Offficer-in-Charge Manuela Peña said from P250.46 per hour to P268.73 per hour, OFWs basic salary will be  P2, 149.87 per day on an 8-hour working day. This is about P56, 165.28 per month which shall be implemented on 2017.

Wag increase in the South Korea labor laws covers "all employees, regardless of their employment status, whether temporary, daily or part-time employess, including foreign workers". 

To ensure that this wage hike willbe followed, the South Korean government promised to closely monitor the implementation along with the employment conditions in different work site. 

Good news, isn't it?