SEOUL: South Korean police said Tuesday they had found the body of the fugitive business tycoon who headed the family operating the Sewol ferry which sank in April with the loss of around 300 lives.

Yoo Byung-Eun had been the target of an unprecedented, months-long manhunt involving tens of thousands of police officers and army troops who set up checkpoints on roads and at ports, and raided a number of properties linked to the reclusive billionaire.

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