The Korea Fund, Inc. Reports Results For The Fiscal Quarter And Six Months Ended December 31, 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 and six months ended December 31, 2012.
 
     

At December 31,

2012
       

2011
Net Assets $409,188,081 $384,343,753
Shares Outstanding 9,005,250

(a)
9,888,877
Net Asset Value ("NAV") $45.44 $38.87
Market Price $41.26 $35.75
Discount to NAV (9.20 )% (8.03 )%
 

Quarter ended December 31,

2012

2011
Net Investment Income $1,877,281 $1,912,193
Per Share $0.19 $0.19
Net Realized and Change in Unrealized Gain $13,926,367 $19,171,788
Per Share $1.61 $1.92
 

Six Months ended December 31,

2012

2011
Net Investment Income $801,101 $379,704
Per Share $0.07 $0.04
Net Realized and Change in Unrealized Gain (Loss) $42,601,855 $(103,878,325 )
Per Share $4.64 $(10.38 )
 
 
(a)  

Under its share repurchase program, the Fund repurchased 363,694 shares and 562,855 shares for the fiscal quarter and six months ended December 31, 2012, respectively.

 

RCM Capital Management LLC serves as the Fund's investment manager.

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