April 19, 2024

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Korea Fund Announces Adoption of Conditional Tender Supply Plan

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NEW YORK–(Small business WIRE)–The Korea Fund, Inc. (NYSE: KF) (the “Fund”) has announced that its Board of Administrators (the “Board”) has adopted a coverage (the “Policy”) pursuant to which it will result in the Fund to perform an issuer tender offer you for up to twenty-five {14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3} (25{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3}) of its then issued and excellent shares of frequent stock on or just before September 30, 2024, and thereafter on each third yr anniversary of September 30, 2024, if the Fund’s full return investment overall performance measured on a web asset value basis does not equivalent or exceed the whole return investment decision performance of the MSCI Korea 25/50 Index (as explained and calculated in the Fund’s June 30, 2020 yearly shareholder report) for the duration of the time period commencing on April 1, 2021 and ending on June 30, 2024 (and for 3-12 months screening periods thereafter). The dimensions of any such tender provide (up to twenty-five {14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3} (25{14cc2b5881a050199a960a1a3483042b446231310e72f0dc471a7a1eddd6b0c3})), the price tag at which shares are to be tendered and other phrases and ailments of these tender give would be established by the Board of Administrators in its discretion dependent on its critique and consideration of the then‑current dimension of the Fund, market circumstances and other variables it deems appropriate. The Board will not reduce or materially modify the Coverage devoid of shareholder approval.

The Board has adopted the Plan in relationship with a proposed changeover of the Fund’s day-to-day portfolio administration, administration, fund accounting, custody and other providers to JPMorgan Asset Administration (Asia Pacific) Confined and its affiliate marketers (“JPMorgan”), as described in the Fund’s definitive proxy assertion submitted with the Securities and Trade Commission on December 1, 2020.

The Korea Fund, Inc. is a non-diversified, closed-stop expense organization. The Fund seeks extended-phrase cash appreciation via investing primarily in fairness securities investing on the Korean inventory exchanges. Its shares are mentioned on the New York Inventory Exchange under the image “KF.”

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Information as of September 30, 2020


The Korea Fund, Inc. is a non-diversified, closed-finish financial commitment firm. The Fund seeks long-time period money appreciation by investing primarily in equity securities trading on the Korean inventory exchanges. Its shares are outlined on the New York Stock Trade beneath the symbol “KF.”

Allianz International Investors U.S. LLC is the Fund’s financial investment manager. Expenditure in closed-conclusion cash entails challenges. Added threats are linked with global investing, these as forex fluctuation, federal government regulations, financial changes and differences in liquidity, which may well increase the volatility of your expenditure. Foreign securities markets generally show increased value volatility and are less liquid than the U.S. sector. Moreover, this Fund focuses its investments in specified geographical areas, thus growing its vulnerability to developments in that location. All of these elements likely issue the Fund’s shares to larger selling price volatility. The NAV of the Fund will fluctuate with the value of the underlying securities. Closed-conclusion cash trade on their current market benefit, not NAV, and closed-stop cash generally trade at a discounted to their NAV.

The Fund’s daily New York Inventory Trade closing current market rate and NAV for each share, as perfectly as other information, including up-to-date portfolio statistics and efficiency are available at www.thekoreafund.com or by contacting the Fund’s stockholder servicing agent at (800) 254-5197.

Statements created in this release that search forward in time involve hazards and uncertainties and are forward on the lookout statements in just the this means of the Non-public Securities Litigation Reform Act of 1995. These pitfalls and uncertainties consist of, with out limitation, the adverse result from a drop in the securities markets or a decline in the Fund’s functionality, a normal downturn in the economic system, opposition from other providers, alterations in government coverage or regulation, lack of ability to catch the attention of or retain important employees, lack of ability to carry out its running strategy and/or acquisition approach, and unforeseen fees and other effects relevant to authorized proceedings or investigations of governmental and self-regulatory corporations.

This announcement is not an offer you to buy or the solicitation of an supply to market shares of the Fund or a prospectus, circular or illustration meant for use in the acquire or sale of Fund shares.

Fund shares are not FDIC-insured and are not deposits or other obligations of, or certain by, any bank. Fund shares contain expense risk, including doable reduction of principal.

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