Marine police and volunteer rescuers found and retrieved the bodies, a man and a woman, more than 30 metres underwater and under the wreckage of the tourist boat, police Colonel Phrutthipong Nutchanart said.
The tourist speedboat was carrying 44 foreign and Thai tourists and crew members from Phi Phi Island, which is famous for its white sandy beaches. Most of those aboard were rescued by marine police and villagers on boats.
"Now that a body is found, we will have to press the additional charges of causing death by reckless act against him," Phrutthipong told The Associated Press.
The tourists, who were mostly Chinese but included four Koreans. No one else was killed. Authorities said some of the survivors suffered broken bones and internal injuries.
It was second fatal tourist boat accident in Thailand this month.
Two Indian tourists drowned October 5 after the boat they were in capsized in bad weather, also along Thailand's southern Andaman Sea coast. The boat's operator was charged with reckless operation of a vehicle.
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