South Korean president dismantles coast guard after ferry disaster

South Korea Sinking Ship -- April 16

(CNN) — South Korea’s President apologized Monday for a ferry disaster that killed close to 300 people and said she would dismantle the country’s coast guard.

“As the President who should be responsible for people’s life and security, I am sincerely apologizing to the people for having to suffer pain,” said President Park Geun-hye. “The final responsibility for not being able to respond properly lies on me.”

The Sewol ferry sank en route to Jeju Island on April 16, killing 284 people and leaving 20 others still missing. Most of the passengers were students on a school field trip.

The President said the coast guard “virtually failed to implement its rescue operation.”

“After serious consideration, I’ve decided to dismantle the coast guard. The investigation and information roles will be transferred to the police while the rescue and salvage operation and ocean security roles will be transferred to the department for national safety which will be newly established,” Park said.

By K.J. Kwon

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