The government is moving to revoke the ferry operator 's business licenses . Divers are still searching the submerged vessel for the missing people , braving frigid waters , strong currents and corridors clogged with debris . Incheon-Jeju operated the ferry that sank March 2013 off the South Korean coast . Authorities have arrested the company 's chief executive ; he faces charges including causing death by negligence . Searchers have recovered 35 bodies from the sunken ferry ; another 269 people remain missing .
The government is moving to revoke the ferry operator 's business licenses . Incheon-Jeju operated the ferry that sank March 2013 off the South Korean coast . Authorities have arrested the company 's chief executive ; he faces charges including causing death by negligence . Searchers have recovered 35 bodies from the sunken ferry ; another 269 people remain missing .