Lazard Asset Management discloses 13.3% Korea Fund (NYSE: KF) ownership

Rhea-AI Filing Summary

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.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Korea Fund Inc/The

(Name of Issuer)

Equity

(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

Lazard Asset Management LLC

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

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 552,184.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 552,184.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

552,184.00

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)

13.3 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Korea Fund Inc/The
(b)	Address of issuer's principal executive offices: 2405 YORK ROAD SUITE 201, LUTHERVILLE TIMONIUM, US-MD, 21093, US
Item 2.
(a)	Name of person filing: Lazard Asset Management LLC
(b)	Address or principal business office or, if none, residence: 30 Rockefeller Plaza, New York, 10112, NY, United States
(c)	Citizenship: NEW YORK
(d)	Title of class of securities: Equity
(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: 552,184
(b)	Percent of class: 13.3 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 552,184
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 552,184
	(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.

Lazard Asset Management LLC

Signature:	Mark Anderson
Name/Title:	Managing Director, General Counsel
Date:	02/17/2026

FAQ

What stake does Lazard Asset Management hold in Korea Fund Inc (KF)?

Lazard Asset Management beneficially owns 552,184 shares of The Korea Fund Inc, representing 13.3% of the fund’s equity as of December 31, 2025. This makes Lazard a significant institutional holder under Schedule 13G reporting rules.

Does Lazard Asset Management control voting for its KF shares?

Yes. Lazard Asset Management reports sole voting power over 552,184 KF shares and no shared voting power. It also has sole dispositive power over the same number of shares, meaning it alone decides how these shares are voted and disposed of.

Why did Lazard Asset Management file a Schedule 13G for Korea Fund Inc?

Lazard filed Schedule 13G because its beneficial ownership in Korea Fund Inc exceeded 5%. The firm certifies the KF shares were acquired and are held in the ordinary course of business, not to change or influence control of the fund.

Is Lazard Asset Management acting as part of a group in its KF holdings?

No. The filing indicates that group-related items are not applicable. Lazard Asset Management reports its Korea Fund Inc holdings on its own, with no identified subsidiary acquirers or member group arrangements disclosed in the ownership sections.

What type of reporting person is Lazard Asset Management in this KF filing?

Lazard Asset Management is identified as an investment adviser filing under Rule 13d-1(b)(1)(ii)(E). It is organized in New York, with its principal business office at 30 Rockefeller Plaza in New York, United States, according to the ownership disclosure.

Does the Lazard filing indicate any intent to influence control of Korea Fund Inc?

No. Lazard certifies the KF securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control, nor in connection with any transaction designed to have that control-related effect.