Decisión nº: 000584

In February 1996 the 1971 Fund Executive Committee decided not to accept a proposal by the Korean Government that the Fund should increase the level of payments from 60% to 100% on the basis of a guarantee by the Korean Government to protect the Fund against overpayment. It was also decided that in view of the remaining uncertainty concerning the total amount of the established claims, the limit of the Fund’s payment should be maintained at 60% of the established damage suffered by each claimant.