Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

At Least 2 Dead, Many Missing In South Korean Ferry Accident

Published 04/16/2014, 03:25 AM
Updated 04/16/2014, 04:00 AM
At Least 2 Dead, Many Missing In South Korean Ferry Accident

By Suman Varandani - At least 2 people are dead and many are still missing after a ferry carrying more than 470 people, most of them school children, sank off South Korea’s southern coast Wednesday, leading to a massive rescue operation involving 34 naval, coastguard and civilian ships, and 18 helicopters.

Two coast guard officers reportedly said that a 27-year-old woman named Park Ji-yeong and another unidentified male student had died. South Korean officials reportedly said that 368 passengers had been rescued so far, adding that the rescue operation was still underway, but no further details were revealed. The ferry, identified as the Sewol, which was reportedly owned and operated by privately-held Chonghaejin Marine Co., was carrying the passengers and 150 vehicles to Jeju island, about 60 miles south of the Korean peninsula.

There also was some confusion regarding the exact number of people on board the ferry and the number of missing people with reports citing different numbers. According to a Reuters report, the ferry was carrying 475 people, while a Los Angeles Times report said that there were 477 people on board the ferry and 295 people were missing.

"As the ferry was shaking and tilting, we all tripped and bumped into each another," Lim Hyung-min, a student, told YTN, a local news network, after being rescued, according to USA Today, adding that some people were bleeding. The water "was so cold. … I was hurrying, thinking that I wanted to live," Lim said.

Officials reportedly said that about 95 percent of the ship was submerged in water but could not confirm the cause of the sinking. While some reports stated that the weather in the area at the time of the incident was clear, a witness reportedly told YTN that there had been a "loud impact and noise" before the ship started sinking.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Lee Gyeong-og, vice minister for South Korea's Public Administration and Security Ministry, reportedly said in a televised news conference, that President Park Geun-hye has ordered a thorough rescue operation to prevent further deaths. Lee also said that 14 people so far were reported to be injured, including one described to be in serious condition, and had been taken to nearby hospitals.

The ferry, which was carrying 324 students and 14 teachers from Danwon High School in Ansan, a suburb in the capital Seoul, for a four-day trip, measured 480 feet in length and weighed 6,586 gross tons, and was reportedly built in Japan in 1994.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.