His departure comes following the Sewol ferry sinking off South Korea which looks set to claimthe lives of over 300 people.

KR’s offices in Busanwere raided last week by South Korean prosecutors as part of the investigation into the tragedy.

“Dr Chon has decided to step down as chief executive of KR to ease the pain and sorrowof the Korean people and thefamilies who lost their loved ones,” a KR spokesmansaid.

“His