Passenger ferry sinks off South Korean coast         16 April 2014 A passenger ferry with 459 people on board has capsized and sunk off the coast of South Korea, with two people declared dead and almost 300 missing. The sinking has been declared the country's biggest peacetime disaster in decades. A major rescue effort is under way, using dozens of ships and helicopters. The ferry was carrying mainly school students to the southern resort island of Jeju. Angry parents have gathered at the school, near Seoul, to demand answers.