South Korea ferry boss Yoo Byung-eun found dead

SEOUL: -- SOUTH Korean police say they have 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 on Tuesday 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.

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

Police and prosecutors have seeking Yoo for months and had offered a $US500,000 ($A540,979) reward for tips about him.

Yoo, head of the now-defunct predecessor of the ferry’s current operator, Chonghaejin, allegedly still controlled the company through a complex web of holding companies in which his children and close associates are large shareholders.

Full story: http://www.news.com.au/world/south-korea-ferry-boss-yoo-byungeun-found-dead/story-fndir2ev-1226997235757


-- News.com.au 2014-07-22

Cannot happen in Thailand....

I hope he died drowning like all his poor victims...

Troll post removed.

Karma.

Are those of you so quick to condemn this man sure that you have every single loophole in the complex webs of your lives, that would allow tragedy to enter, closed?

..........if we had Thai parallels......the rivers would be teeming.....

Hmmm. His body maybe not. He has enough money and contacts to ensure the fingerprints and DNA match his own.

Are those of you so quick to condemn this man sure that you have every single loophole in the complex webs of your lives, that would allow tragedy to enter, closed?

I think those who are condemning him would contend that he was a LONG way from some obscure, inadvertent, unrecognized role in this... You can argue that he was or wasn't guilty, but the notion that his involvement was too complex or remote for him to understand or grasp responsibility for seems very very unlikely and a pretty lame defense under the circumstances.

Well if he was Thai he would have turned himself in to clam the reward...

maybe a case of making himself disappear for good. what's the going rate for changing finger prints/DNA in a Korean server these days?

He got the easy way out , wish is was locked up for the rest of his life would have been better.

with a name like that i'm surprised he didn't do it sooner

Dead?..are you sure about that one? If he paid-off enough Koreans and whomever else to change his identity and then just settle some where in retirement...haha dead. Just cause the paper said so...haha..cause Korean authorities said so..haha...I would need absolute proof before I would believe anything face-saving Koreans would claim..Korean authorities have been caught lying so many times...I wouldn't believe them if most of them would simply say, "good morning"

A sad end to a continuing tragedy. The flippant and unkind remarks concening his reported death are also crude and pathetic.

Well if he was Thai he would have turned himself in to clam the reward...

Or maybe Brit or Aussie.

The rich make so much money exploiting the poor and abusing the system (literally setup for them to abuse), when something like this happens and it's almost certainly the result of cost-cutting on safety, to feel empathy for his plight seems like misdirected emotion at best and perhaps dubious / poor taste at worst.

All the rich people rolling dice with peoples lives to increase their profit margins will sympathise, but I can't understand why we should? Those children didn't need to die. That was a horror show of incompetence. The only kids who survived were the ones that didn't listen to Authority, if I remember correctly.

I am missing something about your comment, "cannot happen in Thailand". what do you mean; corruption or ferry disaster or both cannot happen.

Cannot happen in Thailand....

A sad end to a continuing tragedy. The flippant and unkind remarks concening his reported death are also crude and pathetic.

He was pretty flippant himself when it came to the safety of others.

maybe a case of making himself disappear for good. what's the going rate for changing finger prints/DNA in a Korean server these days?

Not sure. Ask Ken Lay. I think he's somewhere in Phuket.