-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000930413-04-004505.txt : 20040924
<SEC-HEADER>0000930413-04-004505.hdr.sgml : 20040924
<ACCEPTANCE-DATETIME>20040924172235
ACCESSION NUMBER:		0000930413-04-004505
CONFORMED SUBMISSION TYPE:	SC 13D
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20040924
DATE AS OF CHANGE:		20040924

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
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-36819
		FILM NUMBER:		041045667

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sowood Capital Management LP
		CENTRAL INDEX KEY:			0001304294
		IRS NUMBER:				743113983
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		SC 13D

	BUSINESS ADDRESS:	
		STREET 1:		500 BOYLSTON STREET
		STREET 2:		17TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116
		BUSINESS PHONE:		617-603-3400

	MAIL ADDRESS:	
		STREET 1:		500 BOYLSTON STREET
		STREET 2:		17TH FLOOR
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02116
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<FILENAME>c33800_sc13d.txt
<TEXT>

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

                                  SCHEDULE 13D

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934

                              (AMENDMENT NO. ____)

                              THE KOREA FUND, INC.
                              --------------------
                                (Name of Issuer)

                                  COMMON STOCK
                                  ------------
                         (Title of Class of Securities)

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

                                Jeffrey B. Larson
                          Sowood Capital Management LP
                         500 Boylston Street, 17th Floor
                           Boston, Massachusetts 02116
                                 (617) 603-3400

                                 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)

                               SEPTEMBER 23, 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>

<TABLE>
<CAPTION>
- --------------------------------                                                        ---------------------------------
CUSIP No. 500634100                                  SCHEDULE 13D                                   Page 2 of 6 Pages
- --------------------------------                                                        ---------------------------------
<S>           <C>                                                                                      <C>    <C>
- ------------- -----------------------------------------------------------------------------------------------------------
     1        NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NUMBERS

              Sowood Capital Management LP

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

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


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


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

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

              Delaware

- ------------------------------------ --------- --------------------------------------------------------------------------
         NUMBER OF SHARES               7      SOLE VOTING POWER
           BENEFICIALLY
                                               0

                                     --------- --------------------------------------------------------------------------
           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%

- ------------- -----------------------------------------------------------------------------------------------------------
     14       TYPE OF REPORTING PERSON

              IA
- ------------- -----------------------------------------------------------------------------------------------------------
</TABLE>


<PAGE>


        ITEM 1.            SECURITY AND ISSUER

        This  statement on Schedule  13D relates to the shares of common  stock,
par value  $.01 per share (the  "Common  Stock"),  of The Korea  Fund,  Inc.,  a
Maryland  corporation (the "Issuer"),  which has its principal executive offices
at 345 Park Avenue, New York, New York 10154.

        ITEM 2.            IDENTITY AND BACKGROUND

        This  statement is filed by Sowood Capital  Management LP ("Sowood"),  a
Delaware  limited  partnership.  The principal  executive  offices of Sowood are
located 500 Boylston Street, 17th Floor, Boston,  Massachusetts 02116. Sowood is
an investment manager.

         Information  relating to each of the directors,  executive officers and
controlling  persons of Sowood is contained in Exhibit 99.1 attached  hereto and
incorporated herein by reference. Each of the directors,  executive officers and
controlling persons of Sowood is a citizen of the United States of America.

         To Sowood's knowledge and belief, neither Sowood nor any of the persons
listed in Exhibit  99.1 has,  during the past five years,  been  convicted  in a
criminal proceeding (excluding traffic violations and similar misdemeanors).  To
Sowood's  knowledge and belief,  neither Sowood nor any of the persons listed in
Exhibit 99.1 has, during the past five years, been a party to a civil proceeding
of a judicial or administrative  body of competent  jurisdiction and as a result
of such  proceeding  was or is  subject  to a  judgment,  decree or final  order
enjoining future violations of, or prohibiting or mandating  activities  subject
to,  federal or state  securities  laws or finding any violation with respect to
such laws.

         ITEM 3.  SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

         Not applicable.

         ITEM 4.  PURPOSE OF TRANSACTION

         On September  23, 2004 Sowood,  in its capacity as advisor to President
and  Fellows  of  Harvard  College  ("Harvard"),  sent a  letter  to  Robert  J.
Callander,  the Chairman of the board of directors of the Issuer requesting that
the board consider an alternative manager for the Issuer. Sowood had received an
unsolicited  proposal for the alternative  manager from  representatives  of ING
Barings.   Sowood  considers  the  manager  proposed  by  ING  a  very  credible
alternative to the Issuer's existing  management.  It suggested that ING contact
Issuer's board directly since  selection of the Issuer's  manager is the board's
responsibility. The full text of the letter is set forth as Exhibit 99.1 hereto.

         Except as described  above and in Item 4 of the Schedule 13D as amended
filed by Harvard with  respect to the Issuer,  Sowood does not have any plans or
proposals  which  relate to or would  result in any of the  actions set forth in
parts (a)  through  (j) of Item 4.  Sowood  reserves  the right to make any such
plans or proposals in the future or to take any other steps to enhance the value
of its investment.


<PAGE>

         ITEM 5.        INTEREST IN SECURITIES OF THE ISSUER

         (a) Sowood is the beneficial  owner of 9,924,971 shares of Common Stock
(approximately  22% of the shares of the Issuer's issued and outstanding  Common
Stock based on the most recent filing of the Issuer with the SEC).

         (b) Sowood does not have the power to vote any shares of Common  Stock.
Sowood has assumed sole  dispositive  power with respect to 9,924,971  shares of
Common  Stock  pursuant to an  investment  management  agreement  between it and
Harvard (the "Investment Management Agreement").

         (c) Not applicable.

         (d) Harvard has the right to receive  dividends  from, and the proceeds
from the sale of, the Common Stock.

         (e) Not applicable.

         ITEM 6.        CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS
                        WITH RESPECT TO SECURITIES OF THE ISSUER

         Sowood and Harvard have entered in the Investment Management Agreement,
pursuant to which Harvard appointed Sowood as an investment manager with respect
to certain assets of Harvard, including the Common Stock.

         ITEM 7.        MATERIALS TO BE FILED AS EXHIBITS

         The following documents are filed as Exhibits to this statement:

         EXHIBIT 99.1:  Information concerning the directors, executive officers
and controlling persons of Sowood.

         EXHIBIT 99.2:  Letter, dated September 23, 2004.


<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:  September 24, 2004              SOWOOD CAPITAL MANAGEMENT LP



                                        By:  /s/ MEGAN KELLEHER
                                             ----------------------------
                                              Name: Megan Kelleher
                                             Title:  Authorized Signatory


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>c33800_ex99-1.txt
<TEXT>


                                                                    EXHIBIT 99.1

           DIRECTORS AND EXECUTIVE OFFICERS AND CONTROLLING PERSONS OF
                          SOWOOD CAPITAL MANAGEMENT LP

The names of the directors and executive  officers of Sowood and their  business
addresses and present principal occupation or employment are set forth below. If
no business address is given,  the business address of such director,  executive
officer or controlling  person is c/o Sowood Capital Management LP, 500 Boylston
Street, 17th Floor Boston, Massachusetts 02116.


NAME                             OFFICE/POSITION
- ------                           ---------------

Jeffrey B. Larson                Principal and Portfolio Manager of Sowood
Stuart Porter                    Principal and Portfolio Manager of Sowood
Richard Dowd                     Principal and Chief Financial Officer of Sowood
Megan Kelleher                   Principal and General Counsel of Sowood


               CONTROLLING PERSON OF SOWOOD CAPITAL MANAGEMENT LP

Sowood  Capital  Management LLC is the general  partner of Sowood.  The managing
member of Sowood Capital Management LLC is Jeffrey B. Larson.





</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>c33800_ex99-2.txt
<TEXT>



                                                                    EXHIBIT 99.2

- -------------------------- -----------------------------------------------------
SOWOOD                            500 BOYLSTON ST., 17TH FLOOR, BOSTON, MA 02116
- ------                            ----------------------------------------------
Capital Management LP             Phone: 617-603-3400          Fax: 617-603-3401
- -------------------------- -----------------------------------------------------





September 23, 2004

Mr. Robert J. Callander
Chairman of the Korea Fund Board
And the Members of the Board
c/o Deutsche Investment Management
Americas Inc.
345 Park Avenue
New York, NY 10154

Dear Members of the Board,

On Monday,  September 13, we met with two  representatives of ING Barings in our
capacity as advisors to President and Fellows of Harvard College.  ING presented
an  unsolicited  proposal  regarding  the  Korea  Fund.  ING has  identified  an
alternative  manager experienced both in the Korean markets and in management of
closed end funds.  In their opinion,  the alternative  manager has  demonstrated
superior investment capability and a strong focus on shareholder value.

We have  informed ING that,  although  their  proposal  presents a very credible
alternative to the existing management, it is the responsibility of the Board to
select the Fund's manager. We suggested that they contact the Board directly and
we encourage the Board to consider their proposal.  The contact  information for
Mr. Nicholas R. Gold, Managing Director, is included below.

Sincerely,

/s/ Jeff Larson

Jeff Larson
Principal
Sowood Capital Management LP

Detail:  Nicholas R Gold, Managing Director
         ING Investment Banking
         Direct Dial:  +44 20 7767 1697
         Fax:  +44 20 7767 7222
         Email:  Nicholas.gold@ing-barrings.com





</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
