INCHEON -- A local court on Friday meted out a four-year prison term for the daughter of a late businessman involved in a 2014 ferry sinking that killed hundreds, for gaining billions of won of illicit profits and incurring losses in her father's companies.

The Incheon District Court found Yoo Sum-na, the daughter of Yoo Byung-eun, the de facto owner of Cheonghaejin Marine Co., guilty of breach of trust and embezzlement. The court also ordered her to forfeit 1.94 billion won ($1.78 million).

The court said she used her status as the owner's daughter and had the affiliates of her father's firm make huge investments in her own companies, which crimped their business conditions.