The government is moving to revoke the ferry operator 's business licenses . Cheonghaejin Marine Services operated the ferry that sank last month off the South Korean coast . South Korean authorities are cracking down on the company that operated the passenger ferry that sank last month , a disaster that killed hundreds of people and shocked the nation . Police have arrested the company 's chief executive ; he faces charges including a death by drowning . Police have recovered 269 bodies from the sunken ferry ; another 35 people remain missing .
The government is moving to revoke the ferry operator 's business licenses . Cheonghaejin Marine Services operated the ferry that sank last month off the South Korean coast . Police have arrested the company 's chief executive ; he faces charges including a death by drowning . Police have recovered 269 bodies from the sunken ferry ; another 35 people remain missing .