Passenger ship reported sinking off coast of South Korea; Rescue underway; Updated [pics]

A South Korean passenger ship with 300 to 500 passengers on board is reported to be sinking.

Breaking : Passenger ship is now sinking at Jindo, Jeolla province in S.#Korea. YTN says 350-500 passengers is now on board.

— Jaehwan Cho 조재환 (@hohocho) April 16, 2014

Yonhap says 324 students(including 10 teachers) are now wearing life jacket and waiting for Marine police operation. #Korea

— Jaehwan Cho 조재환 (@hohocho) April 16, 2014

Rescue operations is now in progress. 2 marine police Helicopters are now at rescue scene. Only 5 passengers were rescued at this time.

— Jaehwan Cho 조재환 (@hohocho) April 16, 2014

Photo of South Korean ferry sinking off southern coast from local TV. Appears to be almost completely capsized. pic.twitter.com/A7y8g1nouj

— Alastair Gale (@AlastairGale) April 16, 2014

New look of current situation of sinking SEWOL ship. #Korea pic.twitter.com/kCd6pO4C1m

— Jaehwan Cho 조재환 (@hohocho) April 16, 2014

South Korean ferry now looks to be almost completely submerged. Japanese reporter in Seoul just said passengers urged to jump ship.

— justin mccurry (@justinmccurry) April 16, 2014

Good news if true:

All passengers on capsized ferry rescued — South Korean media.

— Alastair Gale (@AlastairGale) April 16, 2014

[Update]

The latest news:

4 dead and 300 people missing after ferry sinks off South Korea http://t.co/PwvOYdfxUZ

— Daily Mail Online (@MailOnline) April 16, 2014

Editor’s note: This post has been updated with additional tweets.