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The Korea Fund, Inc. Reports Results For The Fiscal Quarter Ended September 30, 2012

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 ended September 30, 2012.

     

At September 30,

2012

 

2011

Net Assets $407,689,718 $421,191,309
Shares Outstanding 9,368,944

(a)

9,987,077
Net Asset Value ("NAV") $43.52

 

$42.17
Market Price $39.56 $37.17
Discount to NAV (9.10)% (11.86)%
 

Quarter ended September 30,

2012

2011

Net Investment Loss $(1,076,180) $(1,532,489)
Per Share $(0.12) $(0.15)
Net Realized and Change in Unrealized Gain (Loss) $28,675,488 $(123,050,113)
Per Share $3.03 $(12.30)
(a)   Under its share repurchase program, the Fund repurchased 191,161 shares for the fiscal quarter ended September 30, 2012.

RCM Capital Management LLC and RCM Asia Pacific Limited are the Fund's investment manager and sub-adviser, respectively.

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