• Thu
  • Aug 28, 2014
  • Updated: 10:27pm
South Korea ferry disaster
NewsAsia
SOUTH KOREA

South Korean ferry disaster company's licence to be revoked

PUBLISHED : Thursday, 08 May, 2014, 2:33pm
UPDATED : Friday, 09 May, 2014, 8:15am
 

Watch: S. Korea ferry owner detained, presented to media

South Korea is to revoke the licence of the company which owns the ferry that sank with the loss of around 300 lives last month, as prosecutors prepare manslaughter charges against its chief executive.

Kim Han-sik, head of Chonghaejin Marine, was arrested at his home south of Seoul yesterday and taken into custody in the southwestern port city of Mokpo.

"Kim faces various charges including manslaughter and violating maritime law," senior prosecutor Yang Jong-jin said.

The charges stem from allegations that Kim was involved in, or turned a blind eye to, the overloading of the Sewol's cargo consignment - seen as a major contributing factor to its capsize on April 16.

Chonghaejin Marine Co will never ... darken the ferry industry again
MINISTRY SPOKESMAN

Meanwhile the Ministry of Oceans and Fisheries said it planned to close down Chonghaejin's ferry operations entirely.

In a statement, the ministry said it would begin by revoking the company's licence to operate the route taken by the Sewol from the western port of Incheon to the southern island of Jeju.

At the same time it would pressure the owners to give up the licences to its two other routes between the mainland and outlying islands.

"The name of Chonghaejin Marine Co will never be allowed to darken the ferry industry again," a ministry spokesman said.

Handcuffed and wearing a cap and surgical mask that hid his face, Kim was paraded before television cameras after he was detained.

"I apologise to the victims and the families," he said. He then refused to answer further questions from reporters, staying silent with his head bowed.

The captain of the Sewol ferry has already been arrested along with 14 crew members and four lower-ranking Chonghaejin Marine officials.

The ferry had 476 people on board when it sank after listing sharply to one side and then rolling over. Initial investigations suggest it was carrying up to three times its safe cargo capacity.

The confirmed death toll stood at 269 yesterday, with 35 people still unaccounted for.

Ko Myung-sok, spokesman for the federal disaster force, said operations to recover the remaining bodies had been repeatedly suspended because of treacherous conditions at sea.

"So far, 24 divers have been treated for injuries and decompression sickness," Ko said.

The death of a diver on Tuesday has fuelled debate as to how long the recovery operation should continue. The deciding factor so far has been the sensitivities of the relatives of those still unaccounted for.

The coastguard has promised that the giant floating cranes to be used in the salvage operation will only be brought in once all the bodies trapped in the submerged ship have been retrieved.

But with some bodies being recovered several kilometres away in the past week, it is unclear how many remain trapped.

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