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The Korea Fund, Inc. Reports Results For The Fiscal Quarter And Six Months Ended December 31, 2010

The Korea Fund, Inc. (the "Fund") (NYSE: KF), a non-diversified, closed-end investment company, which seeks long-term capital appreciation through investment in securities, primarily equity securities, of Korean companies, today announced its results for the fiscal quarter and six months ended December 31, 2010.

At December 31,
2010 2009
Net Assets $495,388,243 $412,415,604
Shares Outstanding 10,205,577 10,446,041
Net Asset Value ("NAV") $48.54 $39.48
Market Price $44.11 $35.55
Discount to NAV (9.13)% (9.95)%
Quarter ended December 31,
2010 2009
Net Investment Income (Loss) $1,824,626 $1,386,352
Per Share $0.18 $0.13
Net Realized and Change in Unrealized Gain $27,172,730 $13,476,355
Per Share $2.66 $1.29
Six Months ended December 31,
2010 2009
Net Investment Income (Loss) $1,127,631 $405,919
Per Share $0.11 $0.04
Net Realized and Change in Unrealized Gain $103,957,418 $104,801,916
Per Share $10.19 $10.03

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