Passenger Ship Carrying 447 Is Sinking Off South Korean Coast

A coast guard rescue is underway to help a passenger ship that’s sinking off the coast of South Korea. The ship is carrying 447 people, many of whom are students, according to the ship’s owner Chonghaejin Marine Co.

No passengers have been harmed so far in the incident, which occurred off South Korea’s southwest coast, coast guard official Park Jung Il said by phone from Mokpo, southwest Korea. An official at Chonghaejin Marine Co. confirmed it owns the sinking “Sewol” vessel, asking not to be named citing company policy. The ship usually travels between Incheon and the South Korean island of Jeju, Yonhap News reported.

About 190 passengers have been rescued from the vessel so far, Yonhap reported, without citing anyone. The car ferry was built in 1994 and has a capacity of 921 passengers, the agency said. The ship was carrying 325 high school students and about 150 cars, Yonhap said.

YTN TV reported the ship may have hit rocks due to fog, citing a South Korean government official.

To contact the reporters on this story: Sam Kim in Seoul at skim609@bloomberg.net; Shinhye Kang in Seoul at skang24@bloomberg.net; Seyoon Kim in Seoul at skim7@bloomberg.net

To contact the editors responsible for this story: Stuart Biggs at sbiggs3@bloomberg.net

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