NEW : South Korean President Paula Hancocks expresses condolences to victims ' families . two people are injured , two of them seriously . Emergency officials said Tuesday that they believed everyone had been accounted for , but would n't know for sure until the building is dismantled . Gyeongju students were at welcoming party off campus . A resort building in the city of Busan University of Foreign Affairs collapsed , South Korean news agency says .
NEW : South Korean President Paula Hancocks expresses condolences to victims ' families . two people are injured , two of them seriously . Gyeongju students were at welcoming party off campus . A resort building in the city of Busan University of Foreign Affairs collapsed , South Korean news agency says .