<DOCUMENT>
<TYPE>DEF 14A
<SEQUENCE>1
<FILENAME>px-kor.txt
<TEXT>

                      [Letterhead of The Korea Fund, Inc.]



                                                              September 18, 2001

Dear Korea Fund Stockholder:

         This letter is to advise you that the location of the upcoming annual
meeting of Korea Fund stockholders, to be held on October 3, 2001, has been
changed. The meeting will be held on Wednesday, October 3, 2001, at 10:00 a.m.,
Eastern time, at the offices of Zurich Scudder Investments, Inc., 25th Floor,
345 Park Avenue, New York, New York. The meeting had been planned to be held at
the offices of Zurich Scudder Investments Korea Limited in Seoul, Korea.

         You may still vote by completing and returning the proxy card you
received with your proxy materials. If you can attend the meeting and wish to
vote your shares in person at that time, you will be able to do so. As always,
you may contact us at 800-349-4281 should you have any questions about this
notice.

                                                     Sincerely,

                                                     /s/Nicholas Bratt
                                                     /s/Juris Padegs

<PAGE>

      The Korea Fund, Inc. Announces Change of Location and Time of Annual
                                    Meetings

         New York, NY, September 18, 2001 - The Korea Fund, Inc. (NYSE: KF)
announced today that it has changed the location of its upcoming annual meeting
of stockholders, scheduled for October 3, 2001. The meeting will be held on
Wednesday, October 3, 2001, at 10:00 a.m., Eastern time at the offices of Zurich
Scudder Investments, Inc., 25th Floor, 345 Park Avenue, New York New York. The
meeting, at which stockholders will elect three directors, had been planned to
be held at the offices of Zurich Scudder Investments Korea Limited in Seoul,
Korea. Stockholders who have already voted by proxy need not take any further
action at this time.



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