People watch a live speech by South Korean President Park Geun-hye, who said she is disbanding the coast guard over its handling of the Sewol ferry disaster. Lee Jin-man/AP hide caption

itoggle caption Lee Jin-man/AP

Crews aboard ships involved in the recovery effort at the site where a South Korean ferry sank continued to work as night fell Thursday. Nicolas Asfouri/AFP/Getty Images hide caption

itoggle caption Nicolas Asfouri/AFP/Getty Images

Yellow ribbons hang from a fence outside Danwon High School in Ansan, South Korea, as some students return Thursday for the first time since a ferry disaster claimed the lives of scores of their classmates. Yang Ji-woong /EPA/Landov hide caption

itoggle caption Yang Ji-woong /EPA/Landov

As the sun set Wednesday in Jindo, South Korea, a woman kept watch on the waters where the Sewol ferry sank. It's feared the death toll will reach 300. Nicolas Asfouri /AFP/Getty Images hide caption

itoggle caption Nicolas Asfouri /AFP/Getty Images

A prayer for the missing and dead: Family members and friends have gathered in the port city of Jindo, South Korea, as the search continues for the scores of passengers still missing after last Wednesday's ferry disaster. At the water's edge, many are offering prayers — including this woman. Issei Kato /Reuters/Landov hide caption

itoggle caption Issei Kato /Reuters/Landov

A relative waits for word of missing passengers of a sunken ferry in Jindo, South Korea. A newly released transcript depicts a scene of confusion on the stricken ferry as it sank. Chung Sung-Jun/Getty Images hide caption

itoggle caption Chung Sung-Jun/Getty Images

A South Korean navy frogman dives into a water to search passengers believed to have been trapped in the sunken ferry Sewol in the water off the southern coast near Jindo, south of Seoul, South Korea, Saturday. Lee Jin-man/AP hide caption

itoggle caption Lee Jin-man/AP

Cranes, ships and other rescue equipment are on the scene off the southern coast of South Korea, where a ferry capsized Wednesday. About 270 people, most of them high school students, remain missing. Kim Hong-Ji /Reuters/Landov hide caption

itoggle caption Kim Hong-Ji /Reuters/Landov

Holding out hope, fearing the worst: A man looks out from the shore in Jindo, South Korea, toward where a passenger ferry sank Wednesday and nearly 300 people are still missing. Kim Kyung-Hoon /Reuters/Landov hide caption

itoggle caption Kim Kyung-Hoon /Reuters/Landov

Rescuers head toward the ferry Sewol off the southern coast of South Korea on Wednesday. It sank while on a trip to a resort island. Several hundred people, most of them high school students and teachers, are missing. Yonhap News/EPA/Landov hide caption

itoggle caption Yonhap News/EPA/Landov