What Act on Compensation for Damage Caused by Space Objects (Act No. 8714, 2007) requires
The Republic of Korea's Act on Compensation for Damage Caused by Space Objects prescribes the scope of compensation for space damage and the limitation of liability (Article 1). A person launching a space object must compensate for space damage, with a narrow exception for damage caused by armed conflict, hostilities, civil disturbance, or mutiny, or caused in outer space, where intent or negligence is required (Article 4). The maximum amount of compensation for which a launching person is liable is 200 billion won (Article 5), and each person seeking permission to launch must purchase a liability insurance policy to compensate for damage, with coverage set by the Minister of Science and ICT within that ceiling (Article 6). It applies to persons launching space objects under Korean authorization.
Pillar: Space & Satellite Law · Authority: National Assembly of the Republic of Korea · Version: 1.0.0 · Last updated:
Primary source: https://elaw.klri.re.kr/eng_mobile/viewer.do?hseq=46485&type=part&key=18
SHA-256 integrity: d36183e08678e23bf439a6dc2995678faa87c0f0b1296386e97e2856ed47f6d4
Primary Citations — 6 traced to source
- Act on Compensation for Damage Caused by Space Objects (Act No. 8714, 2007), Article 1 (Purpose)
- Act on Compensation for Damage Caused by Space Objects (Act No. 8714, 2007), Article 4 (Liability of launching person)
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