Thirteen people have died and another two were missing following a collision between a fishing boat and a bunker tanker off South Korea.

The 10-ton fishing vessel, Seonchang-1, capsized after the incident near Yeongheung Island on Sunday, UPI reported.

It was carrying two crew and 20 passengers when it was in collision with the 336-gt Myeongjin-15.

Coast guard officials said the strong current and cold water made the incident particularly deadly.

A search was continuing for the missing people.

"There's no specific problem related to weather conditions, sailing reports or other (pre-departure) preparations," a Coast Guard official told reporters.

"We are investigating how the accident happened, considering the possibility that the two ships collided with each other while passing through a narrow waterway under Yeongheung Bridge."

The victims were aged between 30 and 70.

Four people were rescued by the tanker.