The Korean Times is reporting that the investigating authorities have located the plane in 80 meters of water.
Body of crashed Asiana cargo plane located
"The Aviation and Railway Accident Investigation Board that is investigating the case has identified the locations of 39 parts of the aircraft," Kim Han-young, an official from the Ministry of Land, Transport and Maritime Affairs, told reporters.
"They (located parts) including the plane's tail, which will likely contain the aircraft's black box," he said.
...
"Meanwhile, the ministry official dismissed suspicions the crash may have been intentional as one of the two missing pilots was said to have taken out a number of life and property insurance policies totaling more than 3 billion won (US$2.8 million), just a month before the accident."
Body of crashed Asiana cargo plane located