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Friday, April 18, 2014

Ferry boat captain arrested in South Korea

Ferry boat captain arrested in South Korea

South Korean ferry captain who drowned this week has been arrested along with two crew aboard .

Lee Joon - seok , 69, among others, is facing charges of negligence in duty and violated maritime law .

The captain and two crew ferry Click Prosecutor arrested after asking the court to issue an arrest warrant .

Responding to accusations of delaying the evacuation , Lee said that he was worried about the passengers will " drift " when leaving the ferry " without coupled right decision " .

Lee has been questioned by police , and was arrested on Saturday ( 19 / 04 ) this .

" I apologize to South Korean society because it causes confusion and I apologize to the families of the victims , " he said .

Search hampered
The search for 268 missing people still hampered Click limited visibility and strong currents .

The divers saw objects like human body parts in a boat , on Saturday ( 19 / 04 ) , but still bad cause seldom view the body of the appointment has not been made .

Twenty- eight people were killed in the crash , with 179 people survived .

Sewol ferry sailing from Incheon , the island of Jeju .
The investigation focuses on the ship banked sharply before sinking and whether an evacuation order to save the lives of the passengers .

Pieces of pictures taken from the ship showed the crew instructed the passengers to survive when the ship in a tilted position .BBC

Kapten kapal feri di Korsel ditahan

Kapten kapal feri di Korsel ditahan

Kapten feri Korsel yang tenggelam pada pekan ini telah ditahan bersama dengan dua kru kapal.

Lee Joon-seok, 69 tahun, antara lain menghadapi dakwaan melakukan kelalaian dalam tugas dan melanggar hukum maritim.

Kapten dan dua kru kapal feri ditahan setelah Klik Jaksa meminta pengadilan untuk mengeluarkan surat penahanan.

Menanggapi tuduhan menunda evakuasi, Lee mengatakan bahwa dia khawatir para penumpang akan "hanyut" jika meninggalkan feri "tanpa dibarengi keputusan yang tepat".

Lee telah dimintai keterangan oleh polisi, dan ditahan pada Sabtu (19/04) ini.

"Saya meminta maaf kepada masyarakat Korea Selatan karena menyebabkan kekacauan dan saya meminta maaf kepada para keluarga korban," kata dia.

Pencarian terhambat
Upaya pencarian terhadap 268 orang hilang masih Klik terhambat jarak pandang yang terbatas dan arus yang kuat.

Para penyelam melihat benda seperti tubuh manusia di sebuah bagian kapal, pada Sabtu (19/04), tetapi jarang pandang masih buruk menyebabkan pengangkatan jenazah belum dilakukan.

Dua puluh delapan orang tewas dalam kecelakaan tersebut, dengan 179 orang selamat.

Feri Sewol berlayar dari Incheon, menuju pulau Jeju.
Penyelidikan memfokuskan pada kapal yang membelok secara tajam sebelum tenggelam dan apakah perintah untuk evakuasi dapat menyelamatkan nyawa para penumpang.

Potongan gambar yang diambil dari kapal menunjukkan kru kapal menginstruksikan para penumpang untuk bertahan ketika kapal dalam posisi miring.BBC

Akibat MH370, turis Cina batal ke Malaysia

Akibat MH370, turis Cina batal ke Malaysia


Menteri Pariwisata Malaysia mengatakan sekitar 30% turis Cina membatalkan kunjungan ke Malaysia setelah penerbangan MH370 hilang enam minggu lalu.

Anjloknya jumlah turis dari Cina ini menyebabkan turunya pendapatan sekitar US$30 juta.

Sekitar 100.000 turis Cina mengunjungi Malaysia setiap bulan.
Pesawat Malaysia Airlines dengan nomor penerbangan MH370 hilang bulan lalu dalam penerbangan dari Kuala Lumpur ke Beijing.

Sebagian besar dari 239 penumpang berasal dari Cina.
Banyak keluarga korban yang marah atas cara pemerintah Malaysia menangani hilangnya pesawat itu.

Sementara itu, bulan ini pria bersenjata menculik seorang turis asal Cina dari tempat wisata di Sabah.

Menteri Pariwisata mengatakan dua penerbangan Cina telah mengurangi atau membatalkan rencana untuk meningkatkan penerbangan ke Malaysia.

Tahun ini merupakan tahun Kunjungan Malaysia namun sebagian besar promosi kegiatan ini telah dibatalkan menyusul hilangnya MH370.

Kementerian Pariwisata Malaysia membentuk komite untuk meninjau langkah mempromosikan pariwisata menyusul kejadian MH370.

Pencarian MH370 masih terus dilanjutkan dengan menggunakan robot kapal selam mini di dasar laut Samudra Hindia.BBC

Alibaba Tunjuk Rothschild Jelang IPO

Alibaba Tunjuk Rothschild Jelang IPO


Alibaba Group Holding dari Cina telah menunjuk Rothschild Group sebagai penasihat keuangan korporasi menjelang hari penawaran saham perdana (IPO) di Amerika Serikat (AS). Informasi tersebut disampaikan oleh sejumlah sumber, Rabu.

Penunjukkan Rothschild berlaku menjelang IPO raksasa e-commerce Cina itu di AS yang kemungkinan dapat menggalang dana $15 miliar. Alibaba memilih AS dibanding Hong Kong setelah rencana untuk mendapatkan rekanan–termasuk pendiri Jack Ma dan sejumlah eksekutif senior–mencalonkan mayoritas direksi ditolak.

Alibaba berencana mengajukan listing pada akhir April.

Rothschild telah beberapa kali terlibat dalam banyak kesepakatan bernilai di Asia. Contohnya, perusahaan itu menjadi penasihat keuangan taipan Hong Kong, Cheng Yu-tung , saat perusahaan yang ia kuasai sebagian, China Huishan Dairy Holdings yang bergerak di industri susu, menggalang $1,3 miliar dalam IPO di Hong Kong September lalu.

Michael Yo, mantan bankir Rothschild di Hong Kong, adalah direktur keuangan korporasi Alibaba. Ia bertanggung jawab atas IPO Alibaba.

Secara umum, para penasihat keuangan memberikan saran kepada perusahaan dalam proses IPO dan akan mengambil tindakan yang menguntungkan manajemen. Biasanya, mereka takkan terlibat dalam penjualan saham kepada investor lembaga.

Sejauh ini, Alibaba telah meminta bantuan enam perusahaan keuangan yang tak satu pun berasal dari Cina untuk menjual sahamnya. Berikut perusahaan-perusahaan itu: Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc., J.P. Morgan Chase & Co., Morgan Stanley, dan Citigroup Inc.

Jack Ma masih tinggal pada sebuah apartemen sederhana di kota Hangzhou, Cina, saat merintis Alibaba.com pada 1999. Seiring dengan usaha yang kian bertumbuh, para eksekutif dan pegawai kerap berkumpul sambil berjongkok di sekitar kediamannya sambil berharap mendapat inspirasi ide bisnis besar berikutnya.

Kata besar pun kini tak cukup untuk menggambarkan Alibaba Group Holding.

Taobao, laman yang diangan-angankan dari apartemen Ma satu dasawarsa silam kini memiliki 800 juta produk dari tujuh juta penjual yang membayara iklan dan layanan lain kepada Alibaba. Pada 2013, volume transaksi gabungan Taobao dan situs belanja kelolaan Alibaba lain bernama Tmall mencapai $240 miliar, demikian menurut sumber yang mengetahuinya.

Perolehan tersebut dua kali lipat lebih besar dari Amazon.com, tiga kali lebih besar dari eBay, dan sepertiga lebih besar dari nilai transaksi keseluruhan dua raksasa e-commerce Amerika Serikat tersebut tahun lalu.

Dengan hasil tersebut, Alibaba mendekati tonggak besar lain: penawaran saham perdana (IPO) di Amerika Serikat yang kemungkinan akan berhasil menggalang dana sebesar $15 miliar dari para investor. Proyeksi itu lebih tipis dari hasil penjualan Facebook saat memutuskan untuk go-public pada 2012.

Antusiasme kian tinggi saat Yahoo dikabarkan menangguk penerimaan dan laba lebih besar di Alibaba pada kuartal keempat. Yahoo mengungkap angka penerimaan karena memiliki banyak saham di perusahaan Cina itu. Penerimaan Alibaba meroket sebesar 66% dari tahun sebelumnya hingga mencapai $3,06 miliar. Sementara itu, besaran laba meningkat hampir dua kali lipat hingga menyentuh angka $1,35 miliar.

Dengan perolehan tersebut, kecemasan akan melambannya kinerja Alibaba pada kuartal ketiga telah ditepis. Namun, masih ada pihak yang khawatir besarnya operasi perusahaan akan menyulitkan inovasi, terutama mobile e-commerce.


Total volume transaksi di Taobao dan Tmall tahun 2013 jauh melampaui pencapaian Amazon dan eBay.
Namun, hasil terbaru menunjukkan potensi nilai perusahaan melebihi $150 miliar, ujar analis Bernstein Research, Carlos Kirjner.

Alibaba diharapkan menyerahkan prospektus IPO kepada regulator paling lambat akhir April, ujar para analis dan pemodal potensial. Penjualan saham kemungkinan digelar pada musim panas tahun ini. Ajang tersebut akan menjadi titik penting bagi industri teknologi Cina serta sektor konsumen yang tengah booming.


Jika IPO berjalan sesuai harapan, Ma, 49 tahun, kemungkinan bernilai sekitar $10 miliar. Pemimpin karismatik tersebut mundur sebagai direktur utama Alibaba tahun lalu. Namun, ia masih memegang jabatan presiden direktur dan menjadi pendorong perusahaan yang kerap dilukiskan sebagai gabungan Amazon, eBay, dan Google. Ma menolak undangan wawancara.|WSJ
Alibaba Appoints Rothschild's Eve IPO


Alibaba Group Holding of China has appointed Rothschild Group as financial advisor to corporations ahead of the initial public offering (IPO) in the United States (U.S.). This information is conveyed by a number of sources, on Wednesday.

The appointment of Rothschild apply IPO before the Chinese e-commerce giant in the U.S. that could potentially raise $ 15 billion fund. Alibaba choose the U.S. compared to Hong Kong after a plan to get partners-including founder Jack Ma and a number of senior executive-nominate a majority of directors rejected.

Alibaba plans to file a listing at the end of April.

Rothschild has been involved in many a deal worth in Asia. For example, the company became a financial advisor Hong Kong tycoon Cheng Yu-tung, when the company he controlled in part, China Huishan Dairy Holdings is engaged in the dairy industry, raising $ 1.3 billion in an IPO in Hong Kong last September.

Michael Yo, a former Rothschild banker in Hong Kong, is the director of corporate finance Alibaba. He is responsible for the IPO of Alibaba.

In general, the financial advisors provide advice to companies in the IPO process and will take actions that benefit management. Usually, they will not engage in the sale of shares to institutional investors.

So far, Alibaba has requested the help of six financial companies that none came from China to sell shares. Here are the companies: Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc.., JP Morgan Chase & Co.., Morgan Stanley, and Citigroup Inc..

Jack Ma still lives in a modest apartment in the city of Hangzhou, China, Alibaba.com at starting in 1999. Along with the increasingly growing businesses, executives and employees often gather crouch around his home while hoping for the next great business idea inspiration.

Big words are now not enough to describe Alibaba Group Holding.

Taobao, the pages be imagined from Ma's apartment a decade ago now has 800 million products from seven million sellers membayara advertising and other services to the alibaba. In 2013, the combined transaction volume of managed shopping site Taobao and Alibaba another named Tmall reach $ 240 billion, according to a source who knows.

The acquisition of two-fold greater than Amazon.com, three times bigger than eBay, and one-third greater than the overall transaction value of two e-commerce giants the United States last year.

With these results, Alibaba approaching another major milestone: the initial public offering (IPO) in the United States that are likely to raise a fund of $ 15 billion from investors. The projection is thinner than the sale of Facebook when deciding to go public in 2012.

Increasingly high enthusiasm when Yahoo reportedly reap greater acceptance and earnings in the fourth quarter Alibaba. Yahoo uncover acceptance rate because it has a lot of stake in the Chinese company. Acceptance Alibaba rocketed by 66% from the previous year to reach $ 3.06 billion. Meanwhile, the amount of increased profit nearly doubled to touch the figure of $ 1.35 billion.

With the acquisition, Alibaba performance anxiety will be slowing in the third quarter has been ignored. However, still there are those who worry about the size of the company's operations will be difficult for innovation, especially mobile e-commerce.


The total volume of transactions on Taobao and Tmall in 2013 far surpassed the achievement of Amazon and eBay.
However, recent results indicate the potential value of the company exceeds $ 150 billion, said Bernstein Research analyst Carlos Kirjner.

Alibaba is expected to submit its IPO prospectus to the regulator no later than the end of April, said analysts and potential investors. Sale of shares held in the summer of possibility this year. The event will be an important point for the Chinese technology industry and consumer sectors are booming.

If the IPO goes as expected, Ma, 49 years old, it is likely worth about $ 10 billion. The charismatic leader to step down as chief executive of Alibaba last year. However, he still holds the post of president of the company and be a driving force that is often described as a combination of Amazon, eBay, and Google. Ma refused an interview invitation.WSJ

PPP Support Prabowo So Candidates

PPP Support Prabowo So Candidates

United Development Party ( PPP ) on Friday afternoon ( 18/4 ) officially declared its support to the Chairman of the Board of Trustees Gerindra Prabowo to forward a presidential candidate in presidential elections next July .

" PPP has agreed to provide support to Pak Prabowo entirely as a candidate. PPPs judge Prabowo is the right person to lead Indonesia into the front towards Indonesia better . Those PPP is a blessing to Indonesia , " said the PPP Chairman Suryadharma Ali or commonly called in the SDA .

Prabowo was receiving such support . " I accept with a sense of responsibility for the support and confidence and trust in order to fight to safeguard the sovereignty , independence , safety , the interests of the whole people of Indonesia , " Prabowo said in his press conference at the House of PPP , Jakarta .

Prabowo also like to thank you for PPP support himself without the benefit other than to the interests of the nation ahead . " Chairman of the PPP , Suryadharma Ali , expressed the desire to convey openly support me . I was touched by the confidence of the SDA and the PPP leadership , especially the support without any conditions . 's Show keiklhalasan , statesman . I personally and on behalf of the party to say thank you , " he said . With the support of PPP , added Prabowo , Gerindra itself and get support and encouragement towards the 2014 presidential election .

" We today can boost , plus the confidence to build a nation that will come , " says Prabowo .

SDA asked all levels of both parties from the center to the branch to win Prabowo . " I hope the PPP ranks , from the central and local branches , can provide full support for kemenngan Prabowo on pilres later , " said the Minister of Religious Affairs .

SDA is docked to maneuver Gerindra itself has sparked an internal conflict in the PPP . Tail, 6 PPP cadres fired , ie 4 DPW chairman , Vice Chairman of the DPP Monoarfa Monoarfa , and the last Secretary General of the PPP M Romahurmuziy . Romahurmuziy dismissal letter signed by SDA on Thursday ( 17/4 ) .

Problem is justified dismissal PPP deputy secretary general Syaifullah Tamliha . Currently , Romahurmuziy replaced Muchsin Isa , who prior to his serving as deputy secretary general .

PPP Dukung Prabowo Subianto Jadi Capres


PPP Dukung Prabowo Subianto Jadi Capres

Partai Persatuan Pembangunan (PPP) pada Jumat sore ini (18/4) resmi mendeklarasikan dukungannya terhadap Ketua Dewan Pembina Partai Gerindra Prabowo Subianto untuk maju menjadi calon presiden pada pemilihan presiden pada Juli mendatang.

"PPP telah sepakat memberikan dukungan kepada Pak Prabowo Subianto sepenuhnya sebagai capres. PPP menilai Prabowo adalah sosok yang tepat memimpin Indonesia ke depan menuju Indonesia lebih baik lagi. Bagi PPP adalah menuju Indonesia berkah," kata Ketua Umum PPP Suryadharma Ali atau yang biasa dipanggil SDA.

Prabowo Subianto pun menerima dukungan tersebut. "Saya menerima dengan rasa tanggung jawab atas dukungan ini dan kepercayaan serta amanah dalam rangka berjuang menjaga kedaulatan, kemerdekaan, keselamatan, kepentingan seluruh rakyat Indonesia," kata Prabowo dalam keterangan persnya di Gedung DPP PPP, Jakarta.

Prabowo juga mengucapkan terima kasih karena PPP mendukung dirinya tanpa kepentingan selain untuk kepentingan bangsa ke depan. "Ketua Umum PPP, Suryadharma Ali, menyatakan keinginan untuk sampaikan dukungan secara terbuka kepada saya. Saya terharu atas kepercayaan dari SDA dan pimpinan PPP, terutama mendukung tanpa kondisi apa pun. Ini menunjukkan keiklhalasan, negarawan. Saya atas nama pribadi dan partai mengucapkan terima kasih,” ujarnya. Dengan dukungan PPP, tambah Prabowo, dirinya dan Partai Gerindra mendapat dukungan dan dorongan untuk menuju pemilihan presiden 2014.

"Kami hari ini dapat dorongan, tambah kepercayaan untuk membangun bangsa yang akan datang," ujar Prabowo.

SDA meminta seluruh jajaran partai baik dari pusat hingga ranting untuk memenangkan Prabowo Subianto. "Saya harap jajaran PPP, dari pusat dan daerah, ranting-ranting, dapat memberikan dukungan sepenuhnya bagi kemenngan Prabowo pada pilres nanti," kata Menteri Agama itu.

Manuver SDA yang merapat ke Partai Gerindra sendiri telah memicu konflik internal di tubuh PPP. Buntutnya, 6 kader PPP dipecat, yaitu 4 ketua DPW, Wakil Ketua DPP Suharso Monoarfa, dan yang terakhir Sekretaris Jenderal DPP  PPP M Romahurmuziy. Surat pemecatan Romahurmuziy ditandatangani SDA pada Kamis kemarin (17/4).

Soal pemecatan tersebut dibenarkan Wakil Sekjen PPP Syaifullah Tamliha. Saat ini, Romahurmuziy digantikan Isa Muchsin, yang sebelum nya menjabat sebagai wakil sekjen.

Jakarta Will Become Global Leader

Jakarta Will Become Global Leader




Jakarta and Manila , and termacet two most populous city in Asia , seems to be improving in the next two decades , according to AT Kearney .

Consultancy from the United States was putting Jakarta at the top of the 34 cities in low-and middle -income countries that will become a global leader in the next 20 years . These advantages are expected to include a variety of sectors , ranging from business activities to the safety and health of workers . While Manila was ranked second , followed by Addis Ababa , capital of Ethiopia .

Other cities in Southeast Asia in the group 34 is Kuala Lumpur ( 10th ) , Bangkok ( to - 21 ) , and Ho Chi Minh City ( 29 ) .

A.T. report Kearney noted the stability of the political system continued to strengthen Jakarta . Furthermore , Jakarta assessed serious attempt to tackle income inequality and environmental problems . That's what makes the capital to top of rankings .

However , some economists demur.

" We know [ how much ] the potential of Indonesia , " said Euben Paracuelles , Nomura senior economist for Southeast Asia . However , the upcoming presidential election could bring a stumbling block in the process of globalization in Indonesia. All , said Paracuelles , depending on the outcome of the Presidential Election .

In the legislative election just passed, the Indonesian Democratic Party of Struggle predicted a big win turned out to have a voice far from expectations . If the sound threshold as a condition to apply for a presidential candidate is not met, some inevitably parties to form a coalition . If the next government coalition held by large and awkward , important reforms will be Delayed , say observers .

According Paracuelles , Manila was more promising than Jakarta .

" I think Manila achieve better than Jakarta in the short term , " he said . " If you continue to maintain the momentum of reform , it will be a good sign for Manila . "

Philippine economic growth ahead in the neighboring countries this year . Strengthening economy pushed participate favorable demographic factors and reformist government led by President Benigno Aquino III . He promised to ward off corruption that flourished in the Philippines . Promise has attracted many foreign investors .

Philippine economic growth rate touching 7.2 % in 2013 . In Asia , this performance was in second place after China with 7.7 % , in spite of a series of natural disasters at the end of last year . The World Bank estimates that Philippine economic growth reached 6.6 % in 2014 - a powerful figure in the midst of the Asian economic slowdown .

Survey A.T. Kearney takes into account some benchmarks when determining the ranking . Assessment category including how advanced infrastructure in each city , ease of doing business , income inequality , and environmental stability .

Jakarta is known by street and infrastructure supermacet and less feasible . Scored the highest capital city in population -related measures , including income equality , and strengthening stability and security . Scoring is based on the evaluation of the development of the city between 2008 and 2013. They also assess the possibility of improvement in the next two decades .
WSJ

Jakarta Akan Menjadi Pemimpin Global

Jakarta Akan Menjadi Pemimpin Global




Jakarta dan Manila, dua kota terpadat dan termacet di Asia, tampaknya akan membaik dalam dua dekade mendatang, menurut A.T. Kearney.

Lembaga konsultan asal Amerika Serikat itu menempatkan Jakarta pada posisi puncak dari 34 kota di negara berpendapatan rendah dan menengah yang akan menjadi pemimpin global dalam 20 tahun ke depan. Keunggulan ini diprediksi akan meliputi berbagai sektor, mulai dari aktivitas bisnis hingga keamanan dan kesehatan tenaga kerja. Sedangkan Manila menempati peringkat kedua, disusul Addis Ababa, ibu kota Ethiopia.

Kota lainnya di Asia Tenggara yang masuk dalam kelompok 34 adalah Kuala Lumpur (ke-10), Bangkok (ke-21), dan Ho Chi Minh City (29).

Laporan A.T. Kearney mencatat kestabilan sistem politik Jakarta terus menguat. Selain itu, Jakarta dinilai serius berupaya mengatasi ketimpangan pendapatan dan masalah lingkungan. Itulah yang membuat ibu kota menjadi pemuncak peringkat.

Bagaimanapun, beberapa ekonom menyatakan keberatan.

“Kita tahu [seberapa besar] potensi Indonesia,” papar Euben Paracuelles, ekonom senior Nomura untuk Asia Tenggara. Namun, pemilihan umum presiden mendatang bisa memunculkan batu sandungan dalam proses globalisasi Indonesia. Semua, kata Paracuelles, bergantung pada hasil Pilpres.

Dalam pemilihan legislatif yang baru lewat, Partai Demokrasi Indonesia Perjuangan yang diperkirakan menang besar ternyata mendapat suara jauh dari ekspektasi. Jika ambang batas suara sebagai syarat untuk mengajukan calon presiden tak terpenuhi, beberapa partai mau tak mau membentuk koalisi. Bila pemerintahan berikutnya dipegang oleh koalisi yang besar dan canggung, reformasi penting akan tertangguhkan, sebut pengamat.

Menurut Paracuelles, Manila justru lebih menjanjikan ketimbang Jakarta.

“Saya pikir Manila mencapai prestasi lebih baik dibanding Jakarta dalam jangka waktu pendek,” paparnya. “Jika terus mempertahankan momentum reformasi, itu akan menjadi pertanda baik bagi Manila.”

Pertumbuhan ekonomi Filipina unggul di antara negara-negara tetangganya tahun ini. Penguatan ekonomi ikut didorong faktor demografi yang menguntungkan dan pemerintahan reformis yang dipimpin Presiden Benigno Aquino III. Ia berjanji menangkal korupsi yang menjamur di Filipina. Janjinya berhasil memikat banyak investor asing.

Laju pertumbuhan ekonomi Filipina menyentuh 7,2% pada 2013. Di Asia, kinerja ini berada pada tempat kedua sesudah Cina dengan 7,7%, lepas dari serangkaian bencana alam pada akhir tahun lalu. Bank Dunia memperkirakan pertumbuhan ekonomi Filipina pada 2014 mencapai 6,6%—angka yang kuat di tengah-tengah perlambatan ekonomi Asia.

Survei A.T. Kearney memperhitungkan beberapa tolok ukur kala menentukan peringkat. Kategori penilaian termasuk seberapa maju infrastruktur di masing-masing kota, kemudahan berbisnis, ketimpangan pendapatan, serta stabilitas lingkungan hidup.

Jakarta selama ini dikenal dengan jalanan supermacet dan dan infrastruktur yang kurang layak. Ibu kota mendapat nilai tertinggi pada pengukuran terkait populasi, termasuk kesetaraan pendapatan, serta penguatan stabilitas dan keamanan. Penentuan skor berdasarkan evaluasi perkembangan kota antara 2008 dan 2013. Mereka juga mengukur kemungkinan perbaikan dalam dua dekade mendatang.

Sunset Ferry Victims in South Korea Increases

Sunset Ferry Victims in South Korea Increases

 Nine people were killed and 287 others were missing after a passenger ship carrying 475 people , mostly high school students , upside down on the coast of South Korea, Wednesday ( 16/4 ) , local media said .

A total of nine people - a crew member , five high school students , two teachers and a passenger - was confirmed dead at around 11:00 am local time on Thursday .

The divers from the South Korean military members searching for 300 passenger ferry that sank on the northwest coast of the State Ginseng . The event was feared to be the worst passenger ship accidents in Korea .

Most of the missing passengers were high school students aged 16-17 years Danwon plans to make a trip . Search efforts stymied poor water conditions .

The parents swayed inaccurate information . Previously , they got word that all the passengers were rescued . Then , the local media reported the most passengers survived . However , when evening arrived , it was reported that only 75 of 325 students were rescued .

The ferry holds 462 passengers and crew . According to the coast guard , four people are confirmed dead and 174 others were rescued .
The passengers went to Jeju island from a port near Seoul when the boat capsized and sank within two hours . Have not found the cause of the incident .

The ship sent an alarm around 9 am local time near the island of Jindo .

The survivors heard loud banging noises and the ship was swayed to one side . " Students are thrown into various directions , " said Kim Hong - kyong , 58 years old , one of the passengers survived as quoted by Yonhap News . Kim and a number of passengers managed to escape death by using mines made ​​of fabric curtains . With mine , it attracts students who are stuck in the lower space ship .

There are fears that the passengers are still trapped inside when the ship rolled .

In the initial rescue efforts , show local TV station showed South Korean naval forces to climb up the side of the ship with difficulty and pulled passengers out of the window and hatch . Then , a helicopter was transporting them .

U.S. aircraft carrier , the USS Bonhomme Richard , who patrol in the Yellow Sea , helped the search effort .

The parents gathered at the school to get clarity about the event . Some parents yelled representatives of the school and repeatedly tried to call her baby .WSJ