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Police confirm body found last month is that of fugitive ferry owner Updated: 2014-07-23 03:43:01 KST

The practical owner of the Sewol-ho ferry that sank in April, killing more than 3-hundred passengers, has been found dead.

"On the evening of July 21st, the National Police Agency informed us that the DNA from a body found in Suncheon matched to that of Yoo Byung-eun's."
(" 7 21 DNA .")

Authorities also confirmed that a fingerprint taken from the body found in a field in Korea's southwestern city of Suncheon on June 12th also matched to that of 73-year-old.
Shortly after the sinking of the Sewol-ho ferry on April 16th, a massive manhunt was launched for Yoo and his family members on possible charges of embezzlement and criminal negligence.
Yoo is the former head of Semo Group, which is the predecessor of the Sewol-ho ferry operator.
Authorities, meanwhile, still don't know when or how Yoo died, but they found bottles of alcohol, a health product made by a company linked to his religious group, and parts of his book, near his badly-decomposed body.
Although it took nearly 40 days to confirm Yoo's identity, the prosecution and police now face public criticism for wasting more than a month searching for a dead man.
Unaware of Yoo's whereabouts, prosecutors renewed a six-month arrest warrant for Yoo earlier this week.
With news of the ferry owner's death, attention now shifts to the prosecution's investigation into finding the Yoo family at fault for the ferry accident, and providing compensation for the victims.
Authorities are still hunting for Yoo Byung-eun's eldest son, Dae-kyun, who has a 98,dollar bounty on him.
Choi You-sun, Arirang News.
KOGL : Korea Open Government License