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ENFORCEMENT DECREE OF THE ACT ON LIABILITY OF ACCOUNTING PERSONNEL

Wholly Amended by Presidential Decree No. 24156, Nov. 6, 2012

Amended by Presidential Decree No. 28266, Sep. 5, 2017

 Article 1 (Scope of Authorization)
The limit of amount authorized per agency or position under Article 6 (2) of the Act on Liability of Accounting Personnel, Etc. shall be classified as follows: <Amended by Presidential Decree No. 28266, Sep. 5, 2017>
1. Where an order for compensation for loss of or damage to a commodity is issued pursuant to Article 46 of the Commodity Management Act:
(a) Agencies the heads of which are public officials of Grade I (including public officials in special service or extraordinary civil service equivalent thereto) or members in general service, special service, or extraordinary civil service of the Senior Executive Service: Less than three million won per case;
(b) Agencies the heads of which are public officials of Grade II or III (including public officials in special service or extraordinary civil service equivalent thereto) or members in general service, special service, or extraordinary civil service of the Senior Executive Service: Less than two million won per case;
(c) Agencies the heads of which are public officials of Grade IV or V (including public officials in special service or extraordinary civil service equivalent thereto): Less than one million won per case;
2. Where an order for compensation for loss of or damage to munitions is issued pursuant to Article 28 of the Act on the Management of Military Supplies:
(a) Chiefs of Staff of each armed force: Less than five million won per case;
(b) National defense agencies or military units the heads of which are general-level officers of at least the rank of lieutenant general: Less than four million won per case;
(c) National defense agencies or military units the heads of which are general-level officers of at least the rank of brigadier general: Less than three million won per case;
(d) National defense agencies the heads of which are public officials of Grade I (including public officials in special service or extraordinary civil service equivalent thereto) or members in general service, special service, or extraordinary civil service of the Senior Executive Service: Less than three million won per case;
(e) National defense agencies the heads of which are public officials of Grade II or III (including public officials in special service or extraordinary civil service equivalent thereto) or members in general service, special service, or extraordinary civil service of the Senior Executive Service: Less than two million won per case.
 Article 2 (Criteria for Compensation)
Where the heads of each agency, each armed force, national defense agencies, or military units intend to make a disposition of loss or damage within the limit of amount authorized pursuant to the subparagraphs of Article 1, they shall make such disposition according to the following criteria and report the results thereof to the competent Minister or the head of the pertinent supervisory agency without delay:
1. Compensation shall be paid in cash in principle, but when compensation in cash is disadvantageous to the State, compensation in kind may be allowed;
2. The amount of compensation shall be assessed on the basis of the current value of the relevant commodity at the time the loss of or damage to the commodity occurred, and where the time such fact occurred is unclear, the amount of compensation shall be assessed on the basis of the current value at the time such fact was discovered;
3. The current value of a lost or damaged commodity shall be assessed after a close investigation into the price, degree of depreciation, useful lifetime, quantity, etc. of the relevant commodity at the time the fact of the loss or damage occurred or such fact was discovered.
ADDENDUM
This Decree shall enter into force on the date of its promulgation.
ADDENDA <Presidential Decree No. 28266, Sep. 5, 2017>
Article 1 (Enforcement Date)
This Decree shall enter into force on the date of its promulgation. (Proviso Omitted.)
Articles 2 through 4 Omitted.