The government is moving to revoke the ferry operator 's business licenses . Comment: Authorities have arrested the company 's chief executive ; he faces charges including causing death by negligence . Searchers 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 Company operated the ferry that sank last month off the South Korean coast . Authorities have arrested the company 's chief executive ; he faces charges including causing death by negligence . Searchers have recovered 269 bodies from the sunken ferry ; another 35 people remain missing .