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The Korea Fund, Inc. Reports Results For The Fiscal Quarter And Nine Months Ended March 31, 2014

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, 2014.

  At March 31,
2014   2013
Net Assets $362,816,551 $382,004,951
Shares Outstanding 8,153,791 (a) 8,889,850
Net Asset Value ("NAV") $44.50 $42.97
Market Price $40.11 $39.13
Discount to NAV (9.87)% (8.94)%
 
Quarter ended March 31,
2014 2013
Net Investment Loss $(302,182) $(1,073,846)
Per Share $(0.04) (b) $(0.13)
Net Realized and Change in Unrealized Loss $(11,893,760) $(21,374,558)
Per Share $(1.44) $(2.40)
 
Nine Months ended March 31,
2014 2013
Net Investment Loss $(258,577) $(272,745)
Per Share $(0.03) (b) $(0.06)
Net Realized and Change in Unrealized Gain $49,085,545 $21,227,297
Per Share $5.73 $2.24
 

(a) Under its share repurchase program, the Fund repurchased 151,335 shares and 535,493 for the fiscal quarter and nine months ended March 31, 2014, respectively.

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