South Korea ferry disaster fugitive found dead

01:45, Jul 22 2014
Ferry sinks off Korea
A South Korean passenger ferry carrying about 470 people was listing badly off South Korea's southwest coast.
Ferry sinks off Korea
The ship sent a distress signal, a Korean coast guard official said.
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A South Korean maritime police helicopter rescues passengers from the sinking ship.
The Korean Coast Guard provided this image of the rescue.
Helicopters are seen above the South Korean passenger ship.
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Ships surround what's left of the sinking passenger ferry.
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The passenger ship Sewol in an undated image before it sunk.
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An image from South Korean TV shows the rescue.
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Passengers are rescued from the sinking ferry.
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Rescue operations as the ferry sinks.
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Passengers are rescued from the ferry.
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The Sewol is seen nearly totally submerged in this screengrab from TV.
An injured passenger is treated at a port in Jindo, South Korea.
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Flares are released for the night search for hundreds of people missing after the passenger ferry capsized.
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Family members of missing students hold a candlelight vigil at Danwon High School in Ansan.
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Family wait for a rescue team's arrival at a port during the overnight operation.

South Korean police say they've found a body of a fugitive billionaire businessman sought over April's ferry disaster that left more than 300 people dead or missing.

Police officer Wu Hyung Ho told a televised news conference that the body was found at a site in southern South Korea on June 12. He said results of DNA and fingerprint tests showed they matched those of Yoo Byung Eun.

Wu said it was not known how Yoo died.

Authorities believed Yoo was the owner the ferry and that his alleged corruption may have contributed to its sinking.

Police and prosecutors were hunting Yoo for months and had offered a US$500,000 reward for tips about him.