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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001072613-00-000258.txt : 20000215
<SEC-HEADER>0001072613-00-000258.hdr.sgml : 20000215
ACCESSION NUMBER:		0001072613-00-000258
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20000214

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KOREA FUND INC
		CENTRAL INDEX KEY:			0000748691
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				133226146
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		
		SEC FILE NUMBER:	005-36819
		FILM NUMBER:		539097

	BUSINESS ADDRESS:	
		STREET 1:		345 PARK AVE
		STREET 2:		C/O SCUDDER STEVENS & CLARK INC
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10154
		BUSINESS PHONE:		6173305464

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CITY OF LONDON INVESTMENT GROUP PLC
		CENTRAL INDEX KEY:			0001018138
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		10 EASTCHEAP
		STREET 2:		LONDON ENGLAND EC3MLAJ
		CITY:			LONDON
		BUSINESS PHONE:		011441717110771

	MAIL ADDRESS:	
		STREET 1:		10 EASTCHEAP
		STREET 2:		LONDON ENLAND EC3MLAJ
		CITY:			LONDON

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	OLLIFF & PARTNERS PLC
		DATE OF NAME CHANGE:	19960705
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<DESCRIPTION>SCHEDULE 13G
<TEXT>


                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G



                    Under the Securities Exchange Act of 1934



                                Korea Fund, Inc.
- --------------------------------------------------------------------------------
                                (Name of Issuer)


                                  Common Stock
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)


                                    500634100
- --------------------------------------------------------------------------------
                                 (CUSIP Number)



Check the following box if a fee is being paid with this statement / /. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in prior cover page.

The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).



SEC 1745 (10-88)
<PAGE>

                                  SCHEDULE 13G

CUSIP NO.    500634100
             ---------
================================================================================
1.       NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

         CITY OF LONDON INVESTMENT GROUP PLC, a company
         incorporated under the laws of England & Wales
- --------------------------------------------------------------------------------
2.       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                            (a) /  /.
                                                            (b) /  /.
- --------------------------------------------------------------------------------
3.       SEC USE ONLY


- --------------------------------------------------------------------------------
4.       CITIZENSHIP OR PLACE OF ORGANIZATION

         GREAT BRITAIN
- --------------------------------------------------------------------------------
                                 5.       SOLE VOTING POWER
                                          3,246,700

           NUMBER OF             -------- --------------------------------------
            SHARES               6.       SHARED VOTING POWER
         BENEFICIALLY                     0
           OWNED BY
             EACH                -------- --------------------------------------
           REPORTING             7.       SOLE DISPOSITIVE POWER
            PERSON                        3,246,700
             WITH
                                 -------- --------------------------------------
                                 8.       SHARED DISPOSITIVE POWER
                                          0

- --------------------------------------------------------------------------------
9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
         3,246,700

- --------------------------------------------------------------------------------
10.      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
                                                                /  /.

- --------------------------------------------------------------------------------
11.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
         6.49%

- --------------------------------------------------------------------------------
12.      TYPE OF REPORTING PERSON*
         HC

================================================================================
                      *SEE INSTRUCTION BEFORE FILLING OUT!
<PAGE>

                            STATEMENT ON SCHEDULE 13G


Item 1(a).     Name of Issuer:
               ---------------
               Korea Fund, Inc.


Item 1(b).     Address of Issuer's Principal Executive Offices:
               ------------------------------------------------
               345 Park Avenue, New York, N.Y. 10154


Item 2(a).     Names of Person Filing:
               -----------------------
               City of London Investment Group PLC


Item 2(b).     Address of Principal Business Office or, if none, Residence:
               -----------------------------------------------------------
               10 Eastcheap
               London EC3M ILX
               England


Item 2(c).     Citizenship:
               ------------
               Great Britain


Item 2(d).     Title of Class of Securities:
               -----------------------------
               Common Stock


Item 2(e).     CUSIP Number:
               -------------
               500634100


Item 3.        If this statement is filed pursuant to Rules 13d-1(b), or
               ---------------------------------------------------------
               13d-2(b), check whether the person filing is a:
               -----------------------------------------------

               (a) / / Broker or Dealer registered under Section 15 of the Act
               (b) / / Bank as defined in section 3(a)(6) of the Act
               (c) / / Insurance Company as defined in section 3(a)(19) of the
                       Act
               (d) / / Investment Company registered under section 8 of the
                       Investment Company Act
               (e) / / Investment Advisor registered under section 203 of the
                       Investment Advisers Act
               (f) / / Employee Benefit Plan, Pension Fund which is subject to
                       the provisions of the Employee Retirement Income Security
                       Act of 1974 or Endowment Fund; see section 240.13d-1(b)
                       (ii)(F) (Note: See Item 7)
               (g) /X/ Parent Holding Company, in accordance with section
                       240.13d-1(b)(ii)(G). (Note: See Item 7)
               (h) / / Group, in accordance with Sec. 240.13d-1(b)(ii)(H).
<PAGE>

Item 4.        Ownership:
               ----------

               (a) Amount Beneficially Owned: 3,246,700 as of 31st December,
                   1999                       ---------

               (b) Percent of Class: 6.49%
                                     -----
               (c) Number of shares as to which such person has:

                   (i)   sole power to vote or to direct the vote: 3,246,700
                                                                   ---------
                   (ii)  shared power to vote or to direct the vote:   0
                                                                     -----
                   (iii) sole power to dispose or to direct the disposition of:
                         3,246,700
                         ---------
                   (iv)  shared power to dispose or to direct the
                         disposition of:   0
                                         -----

Item 5.        Ownership of Five Percent or Less of a Class:
               ---------------------------------------------
               Not Applicable


Item 6.        Ownership of More than Five 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:
               --------
               City of London  Investment Management Company  Limited (IA)
               City of London Unit Trust Managers Limited (IA)


Item 8.        Identification and Classification of Members of the Group:
               ----------------------------------------------------------
               Not Applicable


Item 9.        Notice of Dissolution of Group:
               -------------------------------
               Not Applicable


Item 10.       Certification:
               --------------
               By signing below, I certify that, to the best of my knowledge and
               belief, the securities referred to above were acquired in the
               ordinary course of business and were not acquired for the purpose
               of and do not have the effect of changing or influencing the
               control of the issuer of such securities and were not acquired in
               connection with or as a participant in any transaction having
               such purposes or effect.
<PAGE>


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.



Dated: 10th February, 2000



                                                   /s/  D.F. Allison
                                                   ----------------------------
                                                   Name: D. F. Allison
                                                   Title: Company Secretary







</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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