City of London reports 38.6% stake in Korea Fund Inc (NYSE: KF)

Rhea-AI Filing Summary

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.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 13)

Korea Fund Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

500634209

(CUSIP Number)

12/31/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 500634209

1

Names of Reporting Persons

City of London Investment Management Company Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,605,335.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,605,335.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,605,335.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

38.6 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Korea Fund Inc
(b)	Address of issuer's principal executive offices: JPMorgan Asset Management, 60 Victoria Embankment, London, UK EC4Y 0JP
Item 2.
(a)	Name of person filing: This statement is being filed by City of London Investment Management Company Limited ("CLIM" or the "Reporting Person"). CLIM is a fund manager, which specializes in investing in closed-end investment companies and is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940. CLIM is controlled by City of London Investment Group plc ("CLIG"), which is listed on the London Stock Exchange. However, in accordance with SEC Release No. 34-39538 (January 12, 1998), effective informational barriers have been established between CLIM and CLIG such that voting and investment power over the subject securities is exercised by CLIM independently of CLIG, and, accordingly, attribution of beneficial ownership is not required between CLIM and CLIG. CLIM is principally engaged in the business of providing investment advisory services to various public and private investment funds, including Emerging (BMI) Markets Country Fund ("BMI"), a private investment fund organized as a Delaware business trust, Emerging Markets Free Fund ("CF"), a private investment fund organized as a Delaware business trust, Emerging Markets Global Fund ("CG"), a private investment fund organized as a Delaware business trust, Emerging Markets Investable Fund ("CI"), a private investment fund organized as a Delaware business trust, Emerging Markets Ex-China Equity Fund ("EMX"), a private investment fund organized as a Delaware business trust, Global Emerging Markets Fund ("EUREKA"), a private investment fund organized as a Delaware business trust, The Emerging World Fund ("EWF"), a Dublin, Ireland-listed open-ended investment company, Emerging (Free) Markets Country Fund ("FREE"), a private investment fund organized as a Delaware business trust, Emerging Markets Country Fund ("GBL"), a private investment fund organized as a Delaware business trust, The EM Special Situations CEF Focused Fund ("UNIQUE"), a private investment fund organized as a Delaware business trust and unaffiliated third-party segregated accounts over which CLIM exercises discretionary voting and investment authority (the "Segregated Accounts"). BMI, CF, CG, CI, EMX, EUREKA, EWF, FREE, GBL and UNIQUE are collectively referred to herein as the "City of London Funds." The Shares to which this Schedule 13G relates are owned directly by the City of London Funds and the Segregated Accounts.
(b)	Address or principal business office or, if none, residence: 77 Gracechurch Street London EC3V 0AS England
(c)	Citizenship: England and Wales
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 500634209
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,605,335.00
(b)	Percent of class: 38.6 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,605,335.00
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,605,335.00
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

City of London Investment Management Company Limited

Signature:	/s/ Catrina Reagan
Name/Title:	Catrina Reagan/US Chief Compliance Officer
Date:	02/13/2026

FAQ

What stake in Korea Fund Inc (KF) does City of London report?

City of London Investment Management reports beneficial ownership of 1,605,335 Korea Fund Inc common shares, representing 38.6% of the outstanding class as of December 31, 2025. It has sole voting and sole dispositive power over this entire share position.

Who is the reporting person in this Korea Fund Inc (KF) Schedule 13G/A?

The reporting person is City of London Investment Management Company Limited, an England and Wales company. It is an investment adviser specializing in closed-end funds and manages various City of London Funds and segregated accounts that directly own the Korea Fund Inc shares.

Does City of London seek control of Korea Fund Inc (KF) with this stake?

City of London certifies the Korea Fund Inc securities were acquired and are held in the ordinary course of business. It states they were not acquired and are not held to change or influence control of the issuer, consistent with a passive Schedule 13G filing.

How much voting power does City of London have in Korea Fund Inc (KF)?

City of London reports sole voting power over 1,605,335 Korea Fund Inc common shares and no shared voting power. It also reports sole dispositive power over the same number of shares and no shared dispositive power, indicating centralized decision-making authority over this stake.

On what date is City of London’s Korea Fund Inc (KF) ownership measured?

The ownership information is reported as of December 31, 2025, the date of the event requiring the Schedule 13G/A filing. As of that date, City of London’s beneficial ownership in Korea Fund Inc stood at 1,605,335 shares, or 38.6% of the common stock class.

Who signs the Schedule 13G/A for City of London regarding Korea Fund Inc (KF)?

The Schedule 13G/A is signed by Catrina Reagan, identified as US Chief Compliance Officer. The signature block affirms, after reasonable inquiry, that the information in the statement regarding City of London’s Korea Fund Inc holdings is true, complete, and correct to the signer’s knowledge.