Nuclear Damage Compensation Act. Country/Territory Korea, Republic of Document type Legislation Date 1969 (2015) Source FAO, FAOLEX Subject Environment gen. Keyword Hazards Liability/compensation Nuclear energy Business/industry/corporations Contract/agreement Geographical area Asia, Asia and the Pacific, East Asian Seas, Eastern Asia, North Pacific, North-West Pacific Abstract The purpose of this Act is to provide for matters concerning compensation for nuclear damage caused by the operation of nuclear reactors so as to protect victims and to contribute to the sound development of nuclear businesses. This Act shall apply to nuclear damage caused by the outbreak of nuclear incidents in the territory of the Republic of Korea. Article 6 establishes that the amount of an liability insurance policy for nuclear damage compensation and an Indemnity Agreement for nuclear damage compensation shall be the amount prescribed by Presidential Decree within the limit of liabilities for damage. The text consists of 22 articles. Full text English Website www.klri.re.kr