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Commercial Act — Article 932 (Limited Liability of Aircraft Operators)

상법 제932조

This English translation is based on the Korean text effective 2018-12-19. The Korean law has since been amended (current version effective 2026-09-10) — check the Korean original.

(1) The liability of an aircraft operator under Article 930, with respect to an accident in which an aircraft is involved, shall be limited to the amount determined in the following subparagraphs in accordance with the maximum weight of an aircraft permitted by laws for takeoff of an aircraft (hereafter referred to as "maximum weight" in this Article):

1. In cases of an aircraft, the maximum weight of which is not more than 2,000 kilograms, the amount of 300,000 units of account;

2. In cases of an aircraft, the maximum weight of which exceeds 2,000 kilograms, the amount of 300,000 units of account for the portion up to 2,000 kilograms, and the amount of 175 units of account per kilogram for the portion exceeding 2,000 kilograms up to 6,000 kilograms, the amount of 62.5 units of account per kilogram for the portion exceeding 6,000 kilograms up to 30,000 kilograms, the amount of 65 units of account per kilogram for the portion exceeding 30,000 kilograms shall each be multiplied respectively and the multiplied amount shall be added up in order.

(2) Where death or bodily injury occurs due to an accident in which an aircraft is involved, the liability of an aircraft operator under Article 930 shall be limited to the amount of 125,000 units of account per dead or injured person within the amount prescribed in paragraph (1).

(3) Where an aggregate amount of damage sustained by several persons, due to an accident in which an aircraft is involved, exceeds the maximum amount prescribed in paragraph (1), each instance of damage shall be compensated in accordance with the proportion to the maximum amount prescribed in paragraph (1).

(4) Where death, bodily injury or property damage occurred due to an accident in which an aircraft is involved, any damage sustained due to death or bodily injury shall first be compensated within the limit of amount provided for in paragraph (1) and the property damage shall be compensated with any remaining amount thereof.[This Article Newly Inserted by Act No. 10696, May 23, 2011]

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