This excerpt taken from the GRVY 20-F filed Jun 29, 2007.
Limitations on obligations and liability
Limits on our obligations and the obligations of the depositary; limits on liability to holders of ADSs
The deposit agreement expressly limits our obligations and the obligations of the depositary. It also limits our liability and the liability of the depositary. We and the depositary:
In the deposit agreement, we agree to indemnify the depositary for acting as depositary, except for losses caused by the depositarys own negligence or bad faith, and the depositary agrees to indemnify us for losses resulting from its negligence or bad faith.