All posts tagged "sewol"

  • Other factors that may play a role include the cost of the project.

Park said the particular method using offshore cranes and a floating dock is expected to cost at minimum 100 billion won (US$91.35 million), but could grow to more than 200 billion won depending on many elements such as duration. The project could easily last up to 18 months depending on weather conditions.

The country's conservative groups are opposed to spending large amounts of taxpayers' money to salvage the sunken ferry. The government earlier said it has already spent some 185 billion won, mostly on search and rescue operations that lasted nearly seven months after the tragic sinking of the ship.

It said at least an additional 250 billion won will be needed to compensate the victims, as well as residents and fishermen near the accident site who were forced to halt their daily jobs due to the prolonged search and rescue operation.

The ministry official said other methods of recovery considered included using only offshore cranes, which will likely cost less than using both cranes and a floating dock.

However, other methods may be excluded from the shortlist of available technologies as they may prove to be extremely dangerous, if not impossible, due to strong currents in the accident area.

The ministry said it will work to publish a final report of the feasibility study before the end of the month and submit it to the central disaster control center, which will then make a final decision on whether to salvage the ship.

Such a decision is expected to take at least a few months as Maritime Minister Yoo Ki-june has said it should be based on public consensus.
    Chinese company picked to salvage Sewol

    By Kim Se-jeong A consortium between a Chinese salvage company and a Korean firm became the preferred bidders for the salvage project for the ferry Sewol. The Ministry of Oceans and Fisheries announced Wednesday it has selected...

    • Posted July 15, 2015
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  • Yoo Dae-gyun
    Jail term for Sewol owner’s son reduced to two years

    By Lee Kyung-min An appeals court Friday reduced the jail term for Yoo Dae-gyun, the eldest son of the late Sewol ferry owner Yoo Byung-eun, to two years. He was sentenced to three years by a district...

    • Posted May 22, 2015
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  • Lee Joon-seok
    Sunken ferry captain gets life imprisonment for murder

    GWANGJU, April 28 (Yonhap) — The captain of the sunken ferry Sewol was sentenced to a life term for murder at an appeals court here Tuesday. Overturning a lower court ruling that acquitted Lee Joon-seok of murder,...

    • Posted April 28, 2015
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  • (AP Photo/Ahn Young-joon, File)
    Risk and worry await S. Korea’s work to lift doomed ferry

    SEOUL, South Korea (AP) — Salvaging the corroded, 6,800-ton ferry Sewol from deep beneath a channel notorious for dangerous currents will be difficult, expensive and potentially risky. It will also be one more major headache for a...

    • Posted April 27, 2015
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  • South Korean Public Safety and Security Minister Park In-yong, right, speaks during a press conference as Oceans and Fisheries Minister Minister Yoo Ki-june listens at the government complex in Seoul, South Korea, Wednesday, April 22, 2015. South Korea on Wednesday formally approved plans to salvage the ferry Sewol that sank last year, meeting demands made by bereaved families wanting details about the cause of the sinking and the recovery of bodies of nine people still missing. The disaster killed more than 300 people, mostly high school students on a trip to a resort island. (AP Photo/Ahn Young-joon)
    Seoul announces plans to retrieve sunken ferry

    SEOUL (Yonhap) — South Korea announced plans Wednesday to salvage the ferry that sunk off the country’s southwest coast a year earlier, claiming 304 lives. The retrieval will likely begin in September and take up to 18...

    • Posted April 22, 2015
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    S. Korean gov’t concludes physical recovery of sunken ferry possible

    SEJONG (Yonhap) — A technical review has concluded the physical recovery of a passenger ferry that sank last year will be possible, the government said Monday, although a decision on whether the country will actually salvage the...

    • Posted April 20, 2015
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  • Yoo Dae-gyun (Yonhap)
    Seoul prosecutors ask 4 years in prison for ferry owner’s son

    SEOUL (Yonhap) – Prosecutors demanded Friday a four-year jail term for the son of the Sewol ferry owner, accusing him of embezzling company funds. Yoo Dae-gyun, whose father owned the ferry Sewol that capsized off the southwest...

    • Posted April 17, 2015
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