-----BEGIN PRIVACY-ENHANCED MESSAGE-----
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<SEC-DOCUMENT>0000930413-04-002518.txt : 20040511
<SEC-HEADER>0000930413-04-002518.hdr.sgml : 20040511
<ACCEPTANCE-DATETIME>20040511105610
ACCESSION NUMBER:		0000930413-04-002518
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20040511

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PRESIDENT & FELLOWS OF HARVARD COLLEGE
		CENTRAL INDEX KEY:			0000315016
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				042103580
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		C/O HARVARD MANAGEMENT COMPANY INC
		STREET 2:		600 ATLANTIC AVENUE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02210
		BUSINESS PHONE:		6175234400

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KOREA FUND INC
		CENTRAL INDEX KEY:			0000748691
		IRS NUMBER:				133226146
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-36819
		FILM NUMBER:		04795255

	BUSINESS ADDRESS:	
		STREET 1:		345 PARK AVE
		STREET 2:		C/O DEUTSCHE ASSET MANAGEMENT
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10154
		BUSINESS PHONE:		617-295-3986

	MAIL ADDRESS:	
		STREET 1:		DEUTSCHE ASSET MANAGEMENT
		STREET 2:		TWO INTERNATIONAL FUND
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>c32296.txt
<TEXT>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D. C. 20549

                                  SCHEDULE 13D

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                                (AMENDMENT NO. 4)

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

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

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

                                 Michael Pradko
                        Harvard Management Company, Inc.
                               600 Atlantic Avenue
                           Boston, Massachusetts 02210
                                 (617) 523-4400

                                 with a copy to:

                              Theodore Altman, Esq.
                                Piper Rudnick LLP
                           1251 Avenue of the Americas
                          New York, New York 10020-1104
                         -------------------------------

                  (Name, Address and Telephone Number of Person
                Authorized to Receive Notices and Communications)

                                  May 10, 2004
                                 ---------------
             (Date of Event Which Requires Filing of this Statement)


If the filing person has previously  filed a statement on Schedule 13G to report
the  acquisition  that is the subject of this  Schedule  13D, and is filing this
schedule because of ss.ss.240.13d-1(e),  240.13d-1(f) or 240.13d-1(g), check the
following box. [ ]


<PAGE>

- --------------------                                          ------------------
CUSIP No. 500634100       SCHEDULE 13D AMENDMENT NO. 4         Page 2 of 4 Pages
- --------------------------------------------------------------------------------
  1   NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NUMBERS

      President and Fellows of Harvard College

- --------------------------------------------------------------------------------
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
                                                                      (a)  |_|
                                                                      (b)  |_|

- --------------------------------------------------------------------------------
  3   SEC USE ONLY

- --------------------------------------------------------------------------------
  4   SOURCE OF FUNDS

      WC
- --------------------------------------------------------------------------------
  5   CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
      2(d) or 2(e)    |_|

- --------------------------------------------------------------------------------
  6   CITIZENSHIP OR PLACE OF ORGANIZATION

      Massachusetts
- --------------------------------------------------------------------------------
   NUMBER OF SHARES        7   SOLE VOTING POWER
     BENEFICIALLY
                               9,924,971
                           -----------------------------------------------------
     OWNED BY EACH         8   SHARED VOTING POWER
   REPORTING PERSON
          WITH                 0
                           -----------------------------------------------------
                           9   SOLE DISPOSITIVE POWER

                               9,924,971
                           -----------------------------------------------------
                           10  SHARED DISPOSITIVE POWER

                               0
- --------------------------------------------------------------------------------
 11   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

      9,924,971
- --------------------------------------------------------------------------------
 12   CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES    |_|

- --------------------------------------------------------------------------------
 13   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

       22.2%
- --------------------------------------------------------------------------------
 14   TYPE OF REPORTING PERSON

      EP
- --------------------------------------------------------------------------------


<PAGE>


        This fourth  amendment (the "Fourth  Amendment")  amends and supplements
the statement on Schedule  13D, as amended by Amendments  No. 1, No. 2 and No. 3
(the "Schedule"),  previously filed with the Securities and Exchange  Commission
on  December  15,  2003  by  the  President  and  Fellows  of  Harvard   College
("Harvard"),  with respect to the common  stock,  par value $0.01 per share (the
"Common Stock"), of The Korea Fund, Inc., a Maryland corporation (the "Issuer").

         ITEM 4.           PURPOSE OF TRANSACTION

        Harvard  has   submitted  a  shareholder   proposal  (the   "Shareholder
Proposal") providing that the investment management agreement,  between the Fund
and Deutsche Investment Management Americas Inc. ("DIM"), as currently in effect
on the date hereof (the "Management Agreement"), be terminated immediately. Upon
the  termination  of the  Management  Agreement,  DIM's  research  and  advisory
agreement with its subadvisor,  Deutsche  Investments  Trust Management  Company
Limited,   shall   automatically   terminate  in  accordance   with  its  terms.
Accompanying  the  Shareholder  Proposal is a  statement  (the  "Statement")  by
Harvard setting forth its reasons for making the Shareholder Proposal.

         ITEM 7.           MATERIALS TO BE FILED AS EXHIBITS

         The following document is filed as an Exhibit to this Fourth Amendment:

         EXHIBIT A:        Shareholder Proposal and Statement.


<PAGE>

                                   SIGNATURES

        After  reasonable  inquiry and to the best of its  knowledge and belief,
the  undersigned  certifies that the  information set forth in this statement is
true, complete and correct.



Dated:  May 10, 2004                      PRESIDENT AND FELLOWS OF HARVARD
                                          COLLEGE



                                          By:  /s/ MICHAEL S. PRADKO
                                               ---------------------------------
                                               Name: Michael S. Pradko
                                               Title: Authorized Signatory



</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.A
<SEQUENCE>2
<FILENAME>c32296_ex99a.txt
<TEXT>
                                                                       EXHIBIT A

PROPOSAL:

That the investment management agreement, between the Fund and Deutsche
Investment Management Americas Inc., as currently in effect on the date hereof,
be terminated immediately.

STATEMENT:

President and Fellows of Harvard College ("Harvard") has been a shareholder of
the Fund for more than 4 years. We currently own almost 10 million shares, more
than 22.2% of the Fund. We have communicated with Deutsche Investment Management
Americas, Inc. ("DIM"), the Fund's manager, several times regarding the discount
of the Fund's shares from their net asset value. Last December, we met with the
Fund's Board and representatives of DIM. We discussed the discount and ways in
which the Fund might reduce or eliminate the discount. We believe that a large
discount is unacceptable, and that the Board has several viable alternatives to
reduce or eliminate the discount.

Instead of implementing one of these viable alternatives, early this year the
Fund announced a tender offer for up to 10% of its shares at 95% of its then
current net asset value, with a program for up to two additional similar tender
offers in the following years if the discount exceeded 15%. This program is
totally inadequate and brings to light the severe conflicts that exist between
Fund shareholders and DIM.

Had DIM formulated a substantial tender offer for up to 50% or more of the
Fund's shares and made the offering price net asset value rather than a discount
from net asset value, DIM truly would have created value for shareholders. That
tender offer, however, also would have resulted in a loss in fees for DIM since
its fees are based on the size of the Fund. Clearly, DIM chose preservation of
its interests over the interests of shareholders. DIM could not have followed
this path without the approval of the Fund's Board. We have tried to assess why
the Board has gone along with DIM.

It cannot be DIM's extraordinary performance. The Fund's performance is ordinary
when compared to competitors and to recognized indices for the Korean securities
in which it invests. While rules of the Korean securities markets under which
the Fund operates limit its ability to liquidate holdings, DIM has not made any
effort to obtain relief from those rules. The Korean securities market has
matured exponentially since the inception of the Fund. Harvard believes the Fund
readily could have obtained relief from those rules. Others have. Even with the
rules, DIM and the Board could have done much better than the program they
announced.

Our conclusion is that DIM has undue influence over the Board and that Harvard
and other shareholders will not get management responsive to our interests
unless DIM is removed as the Fund's manager. Accordingly, Harvard has submitted
a proposal to terminate DIM's investment management agreement with the Fund,
effective immediately. Upon the termination of the management agreement, DIM's
research and advisory agreement with its subadvisor, Deutsche Investments Trust
Management Company Limited, shall automatically terminate in accordance with its
terms.

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