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| Article 177 (Liability for Damage Caused by Market Price Manipulation) |
| (1) | A person who violates Article 176 shall be liable for damage as classified in the following: <Amended on May 28, 2013> |
| 1. | Damage sustained by a person who has conducted trading, etc. or has entrusted trading, etc. of the relevant securities or derivatives due to such trading, etc. or entrustment at the price formed by such violation; |
| 2. | Damage, other than that referred to in subparagraph 1, sustained by a person who has conducted trading, etc. or has entrusted trading, etc. of other securities, derivatives or underlying assets of such securities or derivatives, the price of which was affected by such violation (limited to a violation provided for in subparagraphs of Article 176 (4)) due to such trading, etc. or entrustment; |
| 3. | Damage, other than that referred to in subparagraphs 1 and 2, in connection with securities or derivatives, the exercise of the right or fulfillment of conditions for which is decided or payment of money, etc. is settled depending on the price or figures at a specific point of time due to such violation (limited to a violation provided for in any subparagraph of Article 176 (4)), which is sustained by a person who has held such securities or derivatives and caused by the decision or payment in accordance with the price or figures formed by such violations. |
| (2) | The right to claim damages under paragraph (1) ceases by prescription, if it is not exercised within two years from the time the claimant becomes aware of a violation of Article 176, or within five years from the time such violation was committed. <Amended on Mar. 27, 2018> |