Date
17 August 2017
Divers search the Sewol passenger ship which sank 20 km off of Jindo, South Korea, killing more than 300 people. Photo: Bloomberg
Divers search the Sewol passenger ship which sank 20 km off of Jindo, South Korea, killing more than 300 people. Photo: Bloomberg

Fugitive S Korean ferry disaster tycoon found dead

The fugitive de facto owner of a South Korean ferry that sank in April killing more than 300 people has been found dead in a field of plum trees, Bloomberg reported Tuesday. 

Police said DNA and fingerprint analysis confirmed that the body found in a Suncheon field was that of Yoo Byung-eun, 73, who went on the run after the disaster on April 16, the report said.

Prosecutors say Yoo was responsible for not putting the training and investment in place to prevent the sinking. The disaster claimed 304 victims, most of whom were high school students on a trip, the report said.

Yoo and his family controlled Chonghaejin Marine Co., operator of the downed ferry, through a church group that is at the center of a network of about 70 companies, it said.

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