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The Korea Fund, Inc. Announces Portfolio Manager Conference Call

The Korea Fund, Inc. (the “Fund”) (NYSE: KF) announced today a portfolio manager call as part of the next Annual Meeting of Stockholders, to be held at 9:30 a.m., Eastern time, on October 27, 2010.

Sang Won Kim, lead portfolio manager of the Fund at RCM Asia Pacific Limited (“RCM AP”), will present an outlook of the Korean economy and stock market for 2011 during the call.

The dial-in number for the conference call is (800) 805-3092 (or +1 (706) 634-9330 Int’l) and the pass code is 19663623. The call will be available for replay for 4 weeks. The replay number is (800) 642-1687 (or +1 (706) 645-9291 Int’l) and the replay pass code is 19663623. The conference call replay will also be made available on the Fund’s website at www.thekoreafund.com.

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The Korea Fund, Inc. is a non-diversified, closed-end investment company. The Fund seeks long-term capital appreciation through investing primarily in equity securities trading on the Korean stock exchanges. Its shares are listed on the New York Stock Exchange under the symbol “KF.”

RCM Capital Management LLC and RCM Asia Pacific Limited are the Fund’s investment manager and sub-adviser, respectively. Investment in closed-end funds involves risks. Additional risks are associated with international investing, such as currency fluctuation, government regulations, economic changes and differences in liquidity, which may increase the volatility of your investment. Foreign security markets generally exhibit greater price volatility and are less liquid than the U.S. market. Additionally, this Fund focuses its investments in certain geographical regions, thereby increasing its vulnerability to developments in that region. All of these factors potentially subject the Fund’s shares to greater price volatility. The net asset value of the Fund will fluctuate with the value of the underlying securities. Closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value.

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