Yoo Byung-un is wanted on charges of embezzlement,negligence and tax evasion related to an alleged web of business holdingscentered around an investment vehicleowned by his sons that ran the shipping company Chonghaejin Marine.
Chonghaejin operated the Sewol which capsized in Aprilkilling more than 300 people.
Yoo, who is reported to be 72, is said to have been aco-founder of the Evangelical Baptist Church that runs the Anseong compoundsouth of Seoul.
