Welcome to our dedicated page for KOREA FUND SEC filings (Ticker: KF), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Korea Fund, Inc. filings document governance and shareholder voting matters for the closed-end fund. Its definitive proxy materials cover annual meeting procedures, director elections, board classification and the mechanics for stockholder voting by proxy.
The filing record centers on formal governance disclosures rather than operating-company reporting, reflecting the fund’s structure, board oversight and shareholder approval process for matters submitted at annual meetings.
The Korea Fund, Inc. (KF) is calling its Annual Meeting for October 21, 2026 at 10:30 a.m. Eastern in Boston. Stockholders of record as of August 14, 2026, when 4,158,348 shares of common stock were outstanding, may vote in person, by mail, telephone or Internet.
The sole proposal is to re-elect Matthew J. Sippel as the Fund’s Class II Director to serve until the 2029 annual meeting. The Board, which is entirely independent and divided into three classes, unanimously recommends a vote FOR Sippel. Election requires a majority of shares present and entitled to vote, with abstentions and broker non-votes counting as votes against.
City of London Investment Group and its affiliate beneficially own 1,600,696 shares (38.5%) of KF; several other institutions each hold over 5%. Independent Directors received annual fees for fiscal 2026, including $71,000 for Chairman Julian Reid and $57,000 for Sippel. PricewaterhouseCoopers LLP audited the Fund, billing $67,360 in audit fees and additional audit-related and tax fees in each of the last two fiscal years.
The Korea Fund, Inc. (KF), a closed-end fund investing primarily in Korean equities, reported an exceptionally strong year for the period July 1, 2025 to June 30, 2026. Net asset value (NAV) total return was 194.61% in USD terms, ahead of the MSCI Korea 25/50 Index (Total Return) at 182.97%, and the fund’s market price return was 190.18%. Over five and ten years, NAV returns were 18.96% and 16.44% annualized, respectively.
Net assets rose to $365.4 million, driven by realized gains of $64.4 million and net unrealized appreciation of $178.7 million, while net investment results showed a small loss as capital gains dominated total return. NAV per share increased from $30.87 to $87.88, but the shares closed at $75.21, a 14.42% discount to NAV, and the average discount during the year was 12.96% despite performance.
Results were heavily influenced by Korea’s AI and semiconductor boom: the KOSPI rose 176% in local terms and IT gained 546.3%, with SK Hynix and Samsung Electronics surging 811% and 465%. The portfolio is correspondingly concentrated, with SK Hynix at 27.5% and Samsung Electronics (common and preferred) at 22.8% of net assets. The total expense ratio declined to 1.21% from 1.75% as asset levels increased.
KOREA FUND INC insider Elliott Simon M, the company's President and Chief Executive Officer, filed an initial statement of beneficial ownership on Form 3. The filing reports no transactions and no current reportable holdings of the issuer's securities in this submission.
KOREA FUND INC identifies David Anthony Buttke Jr., its Chief Compliance Officer, as a reporting insider in an initial ownership statement. No transactions are reported and no securities of KOREA FUND INC are shown as beneficially owned, indicating there were no reportable holdings for him at the time of this report.
Korea Fund Inc/The reports a Schedule 13G filing showing Lazard Asset Management LLC beneficially owns 377,351 shares of common equity, representing 9.1% of the class. The filing lists sole voting and dispositive power over 377,351 shares. The signature block is by Kyle DiGangi as Managing Director, dated 05/15/2026.
Saba Capital Management and affiliated entities have disclosed a new activist stake in The Korea Fund, Inc. (KF) through a Schedule 13D filing. They report beneficial ownership of 213,139 common shares, representing 5.13% of the fund’s outstanding 4,158,348 shares as of 12/31/25.
The filing states that approximately $8,011,052 was paid to acquire these shares, using investor subscription proceeds, capital appreciation and ordinary-course margin borrowings. Saba and its founder Boaz Weinstein say they acquired the position for investment purposes and believe the shares are undervalued and offer an attractive opportunity.
The investors indicate they may engage with management, the board and other shareholders on issues such as fund performance, governance, capitalization, trading at a discount to net asset value, the open- or closed-end structure, and the timing of any potential liquidation. They reserve the right to propose board nominees, submit shareholder proposals, solicit proxies, buy more shares, sell shares, or use hedging and short-selling strategies, while noting they currently have no agreements with third parties to act together regarding these shares.
Lazard Asset Management LLC filed a Schedule 13G reporting a significant ownership stake in The Korea Fund Inc. (KF). As of 12/31/2025, Lazard beneficially owned 552,184 shares, representing 13.3% of the fund’s equity. Lazard has sole voting and dispositive power over all reported shares and no shared authority. The filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the fund.
City of London Investment Management Company Limited filed an amended Schedule 13G reporting beneficial ownership of Korea Fund Inc common stock. It reports beneficial ownership of 1,605,335 shares, representing 38.6% of the class as of 12/31/2025, with sole voting and dispositive power over these shares.
The shares are held across various City of London funds and segregated accounts for which it acts as investment adviser. City of London certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Korea Fund Inc.
The Korea Fund Inc. insider filing shows that Co Portfolio Manager Wong Chun Yu currently reports no beneficial ownership of the fund’s securities. The Form 3 indicates there are no non-derivative or derivative securities beneficially owned, as explicitly stated in the explanation of responses.
Public Employees Retirement System of Ohio (OPERS) filed an amended beneficial ownership report on Korea Fund Inc. The filing shows OPERS beneficially owns 168,834 shares of Korea Fund, representing 4.06% of the outstanding shares, held for investment purposes.
All shares were bought or sold in the open market using client assets under management. OPERS states it may buy more shares or sell shares over time, but currently has no plans or intentions related to major corporate actions such as mergers, control changes, or other strategic transactions affecting Korea Fund.