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We're on a ship and I think it's sinking," Yonhap news agency quoted him as saying.

Of the 476 passengers Nike Lebron 14 Low and crew on board, 339 were children and teachers on a high school outing. Only 174 people have been rescued and the remainder are all presumed to have drowned.

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An official at the Financial Supervisory Service (FSS) told Reuters it was investigating whether Chonghaejin or the Yoo family engaged in any illegal foreign exchange transactions. The official did not elaborate.

"There are lots of reports in the media, so as the regulator we need to check if they are true," another FSS official said.

The boy who made the first call, with the family name of Choi, is among the missing. His voice was shaking and sounded urgent, a fire officer told MBC TV. It took a while to identify the ship as the Sewol.

Several crew members, including the captain, left the ferry as it was sinking, witnesses have said, after passengers were told to stay in their cabins. President Park Geun hye said on Monday that instruction was tantamount to an "act of murder".

Neither the Yoo family nor the company was immediately available for comment.

Another person familiar with the matter told Reuters that prosecutors were looking into suspected tax evasion by the firm, its affiliates or the Yoo family with assistance from the National Tax Service. A spokesman at the tax agency declined to comment on the matter.

Media said the ship lost power for 36 seconds, which could have been a factor.

Two first mates, one second mate and the chief engineer stood with their heads lowered and it was impossible to tell who was speaking.

For half an hour, the crew on Nike Zoom Flyknit Streak Black

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"teacher" is similar in Korean.

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Lee was not on the bridge when the ship turned. Navigation was in the hands of a 26 year old third mate who was in charge for the first time on that part of the journey, according to crew members.

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The captain of the ship, Lee Joon seok, 69, and other crew members have been arrested on negligence charges. Lee was also charged with undertaking an "excessive change of course without slowing down". Ltd., for possible financial wrongdoing amid growing public scrutiny.

Many of the children did not question their elders, as is customary in hierarchical Korean society. They paid for their obedience with their lives.

the third deck kept asking the bridge by walkie talkie whether or not they should make the order to abandon ship, KBS said.

The fire service official asked him to switch the phone to the captain, and the boy replied: "Do you mean teacher?"

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One said there had been a mistake as the boat made a turn. Another said there was an eventual order to abandon ship. He said the crew gathered on the bridge and tried to restore balance, but could not.

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Nike Lebron 14 Low


"Maybe the steering gear was broken," one said.

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Only two of the vessel's 46 lifeboats were deployed.

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First sign of disaster was frightened boy's call

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SEOUL The first distress call from a sinking South Korean ferry was made by a boy with a shaking voice, three minutes after the vessel made its fateful last turn.

Public broadcaster KBS, quoting transcripts of the conversation between the crew and sea traffic control, the Jindo Vessel Traffic Services Centre, said the passengers were told repeatedly to stay put.

Four crew members appeared in court on Tuesday and were briefly questioned by reporters before being taken back into custody. One unidentified second mate said they had tried to reach the lifeboats, but were unable to because of the tilt.

He called the emergency 119 number which put him through to the fire service, which in turn forwarded him to the coastguard two minutes later. That was followed by about 20 other calls from children on board the ship to the emergency number, a fire service officer told Reuters.

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"We kept trying to find out but . since there was no instruction coming from the bridge, the crew on the third floor followed the instructions on the manual and kept making 'stay where you are' announcements," KBS quoted a crew member as saying. "At least three times."

No one answered.

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Nike Lebron 14 Low

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