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Death of South Korea ferry boss confirmed

South Korean police has said that a body found last month in the south of the country belonged to a fugitive businessman who headed the family that owned the operator of a ferry that capsized in April, killing more than 300 people.

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Ferry firm owner 'to take responsibility' for Sewol

The family that has a major stake in companies controlling the operator of the capsized Sewol ferry in South Korea are willing to take "legal and social responsibility" for the incident, its lawyer said.

Yellow ribbons dedicated to the missing and dead passengers onboard the capsized Sewol ferry Credit: REUTERS/Kim Kyung-Hoon

But the lawyer for Yoo Byung-un did not say that the family was assuming liability for what he called a "tragic accident", and said the family had not been summoned by prosecutors.

"Yoo and his family will take all legal and social responsibility for this tragic accident if they have to as major stakeholders of the company," the lawyer Son Byoung-gi told Reuters.

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