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The Korea Fund, Inc. Reports Results For The Fiscal Quarter And Nine Months Ended March 31, 2011

Stocks in this article: KF

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 nine months ended March 31, 2011.


At March 31,




Net Assets $545,671,314 $424,590,454
Shares Outstanding * 10,182,477 10,432,841
Net Asset Value ("NAV") $53.59 $40.70
Market Price $48.30 $36.70
Discount to NAV (9.87)% (9.83)%

Quarter ended March 31,



Net Investment Income (Loss) $(207,811) $705,629
Per Share $(0.02) $0.07
Net Realized and Change in Unrealized Gain $51,503,850 $11,932,124
Per Share $5.06 $1.15

Nine Months ended March 31,



Net Investment Income $919,820 $1,111,548
Per Share $0.09 $0.11
Net Realized and Change in Unrealized Gain $155,461,268 $116,734,040
Per Share $15.25 $11.18

* In March of 2010, the Fund instituted a share repurchase program. For the fiscal quarter ended March 31, 2011, the Fund repurchased 23,100 shares. As of March 31, 2011, since inception of the share repurchase program, 263,564 shares have been repurchased. The program allows the Fund to repurchase in the open market up to 5% of its common shares outstanding as of February 22, 2010. The program has no expiration.

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