In her first public address since the Sewol ferry sank off the southern coast of South Korea last month, South Korean President Park Geun-hye vowed to disband the country's coast guard, whose poor oversight has been blamed for the incident's high death toll. From the Associated Press:

Park has apologized before, but critics have called for her to formally address the nation and respond to claims that incompetence, corruption and bad leadership doomed the ferry and those trapped inside it. In Monday's speech, Park decried the accumulation of "widespread abnormal practices" that she said triggered the sinking.

The ferry was filled with high school students. 286 of the passengers died and 18 are still missing. 172 passengers, including 22 of the ship's 29 crew members, survived.

Prosecutors indicted 15 crew members last week, four on homicide charges.

"We failed to rescue students who we could have saved," Park said. "The ultimate responsibility for not properly dealing with this incident is mine."

[Image via AP]