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			 Park has been hit hard by an angry nationwide outcry over the 
			government's response to South Korea's worst civilian maritime 
			disaster in 20 years and the seemingly slow and ineffective rescue 
			operation. 
 Polls show support for Park has dropped by more than 20 points since 
			the April 16 disaster.
 
 "I apologize to the nation for the pain and suffering that everyone 
			felt, as the president who should have been responsible for the 
			safety and lives of the people," Park said in a televised national 
			address, her first since the Sewol capsized and sank with 476 
			passengers and crew on board.
 
 In an unprecedented show of emotion, tears flowed as she fought back 
			sobs, remembering some of the teenagers who died trying to help one 
			another, calling the heroes.
 
 Park, who is serving a single five-year term, is the daughter of 
			Park Chung-hee, the former military strongman who ruled for nearly 
			two decades in the 1960s and 1970s. She lost both her parents to 
			assassins.
 
			 At least 286 people on board the Sewol were killed and 18 remain 
			missing. Only 172 people were rescued, with the rest presumed to 
			have drowned.
 
 Of the passengers, 339 were children and their teachers on a
 
 field trip from a high school on the outskirts of Seoul.
 
 Park vowed sweeping reforms to improve oversight, as well as tough 
			punishment for bureaucrats and businesses whose negligence endangers 
			public safety.
 
 "A 20-year-old vessel was bought and refurbished to add excessive 
			capacity, then it was loaded with much more cargo than allowed with 
			a false reporting on weight, but not a single person in the position 
			to supervise stopped any of it," Park said.
 
 She singled out structural problems within the coast guard as the 
			main reason why there was such a high casualty toll from an accident 
			that played out on national television as the vessel gradually sank 
			with most of the passengers trapped inside.
 
 "Had there been an immediate and proactive rescue operation after 
			the accident, we would have been able to reduce the casualties," 
			Park said.
 
 The coast guard's rescue duties would be transferred to a national 
			emergency safety agency to be set up and the national police will 
			take over its investigative function, she said.
 
 CREW ABANDONED SHIP
 
 Some of the crew, including the captain, were caught on videotape 
			abandoning ship while the children were repeatedly told to stay put 
			in their cabins and await further orders.
 
 Park has apologized in person to many family members of the victims 
			but her administration has faced continued criticism for its 
			handling of the disaster.
 
			
  
			
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			Park's public support has dropped to 46 percent, from 70 percent 
			before the accident, according to a recent poll. Her formal apology 
			and the blueprint for bureaucratic reform have been criticized for 
			coming too late, while her decision to break up the coast guard has 
			also been questioned. 
			"Although we need to integrate government functions on safety and 
			disaster management, dissolving the coast guard all of sudden can 
			make more problems that may be difficult to fix," said Professor Lee 
			Jun-han of Incheon National University.
 South Korea, Asia's fourth-largest economy and one of its leading 
			manufacturing and export powerhouses, has developed into one of the 
			world's most vibrant and technically advanced democracies, but faces 
			criticism that regulatory controls and safety standards have not 
			kept pace.
 
 An electrical device on a subway train exploded and shattered window 
			glass at a station in a satellite city south of Seoul on Monday, 
			injuring 11 passengers who were treated for cuts, media reported, in 
			the second incident involving the capital region's sprawling subway 
			network this month.
 
 On May 2, two trains collided at a station injuring about 200 people 
			which authorities blamed on a defective signal switch.
 
 Park said the coast guard had not only failed in its search and 
			rescue duty but that, in its current form, it would be unable to 
			prevent another large-scale disaster.
 
 "The coast guard continued to get bigger in size but did not have 
			enough personnel and budget allocated for maritime safety, and 
			training for rescue was very much insufficient," she said.
 
 All 15 surviving crew members were indicted last week, including the 
			captain and three senior crew members on homicide charges. The 
			remaining 11 crew were indicted for negligence.
 
 
			
			 
			The prosecution says the ferry was structurally defective after a 
			remodeling to add capacity and was massively overloaded with cargo. 
			A sharp turn then caused it to list and capsize.
 
 The Sewol had been on a supposedly routine journey from the mainland 
			port of Incheon south to the holiday island of Jeju.
 
 (Additional reporting by Ju-min Park and Sohee Kim; Editing by 
			Choonsik Yoo and Nick Macfie)
 
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