South Korean Fugitive Ferry Owner Found, Yoo Byung-eun Dead

July 23, 2014 | By Garrett Montgomery More

Fugitive South Korea Ferry Owner Found Dead

South Korean fugitive ferry owner found in Seoul. The lifeless body of Yoo Byung-eun who was the owner of the ferry that sank in May killing over 300 South Koreans was unearthed in a field of peach tree near his brother’s vacation home. Police would not say when nor how the body of the fugitive was found. The fugitive ferry owner’ remains were surrounded by several bottles of Asian liquor. The South Korean mogul was said to be dressed in fine Italian clothes when he died.

The body of South Korean fugitive ferry owner was found laying in a field of peach tree located in Suncheon, South Korea just miles away from his family’s vacation home

It appears that the South Korean fugitive ferry owner who was the subject of the country’s largest manhunt (police offered half of million dollars reward for his capture) was hiding in plain sight.

While South Korean authorities are not giving much details about the case, local media outlets have taken upon themselves to shed light on the matter.

Yoo Byung-eun, 73, who was connected to the Odaeyang mass suicide of 32 people in 1987 was found on June 12.

It appeared that the owner of Chonghaejin Marine Co., who operated the Sewol ferry that sank in April from overloading may have committed suicide or he may have collapsed in the field after too much drinking and died.

Police say it was not a homicide.

The badly decomposed body had numerous bottles of expensive alcoholic beverages and a book written by the ferry owner near it.

The Japanese-born cult leader, was sporting several luxury products including Loro Piana shoes that retail for thousands of dollars.

South Korean authorities compared DNA from the body to his brother to confirm that it was indeed Yoo Byung-eun.

Yoo Byung-eun and several family members including his brother have been accused of embezzling $29 million from their various companies.

The founder of the Salvation Sect faced allegation of professional negligence in the disaster that left 304 dead with many of them high school students.

The police has apologized to families in South Korea for not capturing the fugitive ferry owner and bring him to justice.

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