
Yoo Byung-eun
Last April, we posted about the capsizing and sinking of the South Korean ro/ro ferry Sewol with the loss of over 300, dead and missing. Yoo Byung-eun, the effective owner and manager of Chonghaejin Marine Company, which operated the ferry, had been the subject of the country’s largest man-hunt since a Korean court issued an arrest warrant for him in May, on charges of embezzlement, breach of trust and tax evasion. That man-hunt ended with the announcement today that a body found on June 12 by a farmer in an apricot orchard in Suncheon, had finally been identified by DNA testing as Mr. Yoo.
The sinking of the ferry Sewol was tragically typical of similar ferry losses. The vessel appears to have been poorly loaded, sailed with inadequate stability and with cargo not properly secured. When the ferry began to capsize the captain was slow to respond, the crew failed to deploy life rafts and also instructed passengers to stay in the cabin — all actions that are believed to have dramatically increased the death rate.
If the ferry tragedy was typical, the ferry’s owner was not. Continue reading