-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001072613-05-001414.txt : 20050611
<SEC-HEADER>0001072613-05-001414.hdr.sgml : 20050611
<ACCEPTANCE-DATETIME>20050610162325
ACCESSION NUMBER:		0001072613-05-001414
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20050610
DATE AS OF CHANGE:		20050610
GROUP MEMBERS:		CITY OF LONDON INVESTMENT MANAGEMENT CO.

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:		05890210

	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:			CITY OF LONDON INVESTMENT GROUP PLC
		CENTRAL INDEX KEY:			0001018138
		STATE OF INCORPORATION:			X0
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	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 13D/A
<SEQUENCE>1
<FILENAME>sch13d-a_13600.txt
<DESCRIPTION>AMENDMENT #8 TO SCHEDULE 13D FOR KORE FUND
<TEXT>
================================================================================

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

                                  SCHEDULE 13D
                                 (Rule 13d-101)
                                (Amendment No. 8)


             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
            TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
                                  RULE 13d-2(a)


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

                     Common Stock, par value $.01 per share
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

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

                                 Barry M. Olliff
            c/o City of London Investment Management Company Limited
                     10 Eastcheap, London EC3M ILX, England
                                +44 207 711 0771
- --------------------------------------------------------------------------------
            (Name, Address and Telephone Number of Person Authorized
                     to Receive Notices and Communications)

                                  June 10, 2005
- --------------------------------------------------------------------------------
             (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 which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), (f) or (g), check the following box / /.

*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
disclosures provided in a prior cover page.

The information required on 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 or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act.

================================================================================
<PAGE>
===================                                                  ===========
CUSIP NO. 500634100                    13D                           PAGE 2 of 5
===================                                                  ===========

================================================================================
     1       NAME OF REPORTING PERSONS
             S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

             City of London Investment Group PLC, a company incorporated under
             the laws of England and Wales.
- ------------ -------------------------------------------------------------------
     2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP            (A) [_]
                                                                         (B) [_]

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


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

             OO
- ------------ -------------------------------------------------------------------
     5       CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
             TO ITEM 2(d) OR 2(e)
                                                                             [_]
- ------------ -------------------------------------------------------------------
     6       CITIZENSHIP OR PLACE OF ORGANIZATION

             England and Wales
- --------------------------------------------------------------------------------
  NUMBER OF              7      SOLE VOTING POWER

   SHARES                       4,398,762
                   ------------ ------------------------------------------------
BENEFICIALLY             8      SHARED VOTING POWER

  OWNED BY                      0
                   ------------ ------------------------------------------------
    EACH                 9      SOLE DISPOSITIVE POWER

  REPORTING                     4,398,762
                   ------------ ------------------------------------------------
   PERSON               10      SHARED DISPOSITIVE POWER

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

             4,398,762
- ------------ -------------------------------------------------------------------
    12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
             SHARES
                                                                             [_]
- ------------ -------------------------------------------------------------------
    13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

             9.84%
- ------------ -------------------------------------------------------------------
    14       TYPE OF REPORTING PERSON*

             HC
================================================================================

                               (Page 2 of 5 Pages)
<PAGE>
===================                                                  ===========
CUSIP NO. 500634100                    13D                           PAGE 3 of 5
===================                                                  ===========

================================================================================
     1       NAME OF REPORTING PERSONS
             S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS

             City of London Investment Management Company Limited, a company
             incorporated under the laws of England and Wales.
- ------------ -------------------------------------------------------------------
     2       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP            (A) [_]
                                                                         (B) [_]

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


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

             WC
- ------------ -------------------------------------------------------------------
     5       CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
             TO ITEM 2(d) OR 2(e)
                                                                             [_]
- ------------ -------------------------------------------------------------------
     6       CITIZENSHIP OR PLACE OF ORGANIZATION

             England and Wales
- --------------------------------------------------------------------------------
  NUMBER OF              7      SOLE VOTING POWER

   SHARES                       4,382,762
                   ------------ ------------------------------------------------
BENEFICIALLY             8      SHARED VOTING POWER

  OWNED BY                      0
                   ------------ ------------------------------------------------
    EACH                 9      SOLE DISPOSITIVE POWER

  REPORTING                     4,382,762
                   ------------ ------------------------------------------------
   PERSON               10      SHARED DISPOSITIVE POWER

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

             4,382,762
- ------------ -------------------------------------------------------------------
    12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
             SHARES
                                                                             [_]
- ------------ -------------------------------------------------------------------
    13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

             9.80%
- ------------ -------------------------------------------------------------------
    14       TYPE OF REPORTING PERSON*

             IA
================================================================================

                               (Page 3 of 5 Pages)
<PAGE>

This Amendment No. 8 to Schedule 13D (this "Amendment No. 8") should be read in
conjunction with the Schedule 13D filed with the U.S. Securities and Exchange
Commission (the "SEC") on February 17, 2004 (the "Original Schedule 13D"), with
Amendment No. 1 to Schedule 13D filed with the SEC on March 1, 2004 ("Amendment
No. 1"), with Amendment No. 2 to Schedule 13D filed with the SEC on May 5, 2004
("Amendment No. 2"), with Amendment No. 3 to Schedule 13D filed with the SEC on
July 8, 2004 ("Amendment No. 3"), with Amendment No. 4 to Schedule 13D filed
with the SEC on August 31, 2004 ("Amendment No. 4"), with Amendment No. 5 to
Schedule 13D filed with the SEC on November 15, 2004 ("Amendment No. 5"), with
Amendment No. 6 to Schedule 13D filed with the SEC on December 23, 2004
("Amendment No. 6") and with Amendment No. 7 to Schedule 13D filed with the SEC
on May 18, 2005 ("Amendment No. 7") and, together with Amendment No. 1,
Amendment No. 2, Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment
No. 6 and Amendment No. 7, the "Amendments") by City of London Investment Group
PLC ("City of London") and City of London Investment Management Company Limited
relating to the shares of common stock, par value $0.01 per share (the
"Shares"), of The Korea Fund, Inc., a Maryland corporation (the "Fund"). This
Amendment No. 8 amends Items 4 and 7 of the Original Schedule 13D as amended by
the Amendments. All other information in the Original Schedule 13D and the
Amendments remain in effect. All capitalized terms used herein and not otherwise
defined shall have the meanings ascribed thereto in the Original Schedule 13D as
amended by the Amendments.


ITEM 4.   PURPOSE OF TRANSACTION.
          -----------------------

          Item 4 is hereby amended by adding the following:

          On June 10, 2005, CLIG sent a letter to the Board of Directors of the
          Fund. In the letter, CLIG requests the Board of Directors to address
          certain concerns relating to corporate governance. The foregoing
          description of the letter is not intended to be complete and it is
          qualified in its entirety by the complete text of the letter, which is
          filed as Exhibit A hereto and is incorporated herein by reference.

          Other than as set forth above, none of the Reporting Persons or, in
          the case of non-individual Reporting Persons, any of their directors
          or executive officers identified in Item 2, have any present plans or
          proposals which relate to or could result in, any of the matters
          referred to in paragraphs (a) through (j), inclusive, of Item 4 of
          Schedule 13D (although they reserve the right to develop any such
          plans or proposals).


ITEM 7    MATERIALS TO BE FILED AS EXHIBITS.
          ----------------------------------

          Item 7 is hereby amended by adding the following:

          Exhibit A. Letter, dated June 10, 2005, from City of London to the
          Chairman of the Board of Directors of the Fund.


                               (Page 4 of 5 Pages)
<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: June 10, 2005


                                           CITY OF LONDON INVESTMENT GROUP PLC


                                           /s/ Barry M. Olliff
                                           -----------------------------------
                                           Name: Barry M. Olliff
                                           Title: Director


                                           CITY OF LONDON INVESTMENT
                                           MANAGEMENT COMPANY LIMITED


                                           /s/ Barry M. Olliff
                                           -----------------------------------
                                           Name: Barry M. Olliff
                                           Title: Director














                               (Page 5 of 5 Pages)
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.A
<SEQUENCE>2
<FILENAME>exh99-a_13600.txt
<DESCRIPTION>KOREA FUND LETTER
<TEXT>

                           [CITY OF LONDON LETTERHEAD]




                                                                   June 10, 2005



Board of Directors
The Korea Fund, Inc.
c/o Deutsche Investment Management Americas Inc.
345 Park Avenue
New York, NY 10154
Attn:  Robert Callander, Chairman

Dear Bob:

We have reviewed (i) the press release issued by Korea Fund, Inc (the "Fund") on
June 2, 2005 in which it was announced that the Board had unanimously agreed to
continue the Fund's relationship with its current manager, Deutsche Asset
Management ("DeIM") and (ii) the letter of the same date issued by yourself as
Chairman of the Fund to shareholders, as referred to in the press release.

We are dismayed by the Board's decision and the process by which it was made.

We believe that despite the Board's commitment to better standards of corporate
governance, the Board has, once again, failed to communicate with its
shareholders and has not conducted itself in a clear and transparent manner.

The Board announced last December that it would conduct a comprehensive review
of the Fund's current investment management arrangements with DeIM and would
consider possible alternative managers for the Fund. This announcement was a
response to a sensitive issue affecting the Fund: the majority of the investment
team at DeIM responsible for managing the Fund had left. In December the Board
also announced a 50% tender offer, as a response to the shareholder discontent
that had been clearly expressed at the shareholders meeting on October 6, 2004,
at which the two independent directors proposed by City of London were elected.

In truth, the Board's initial announcements were purely reactive to serious
concerns expressed by shareholders on a number of different issues (i) the
discount to NAV at which the shares traded was too wide, and had been so for
more than two years, (ii) performance relative to the benchmark was poor and
(iii) the expense ratio was too high.

We believed, following the shareholders meeting, that the Board had accepted the
shareholders' concerns and was committed to a new era of improved standards of
corporate governance. The tender offer tackled the discount problem, and we
expected that the Board would thereafter start

<PAGE>

making decisions that would demonstrate the Board's real commitment to improved
corporate governance.

In our view, the first such opportunity for the Board to demonstrate its
commitment was the review of the management agreement. Certainly there was, and
still is, a need for a serious change. However the Board, once again, seems to
be pursuing its own agenda instead of being fully committed to openly serving
the best interests of the Fund's shareholders.

First, the Board apparently minimized the importance of the departure of the
majority of DeIM's investment team responsible for managing the Fund in its
recent release by only referring to the "recent departure of the Fund's
long-time lead portfolio manager". The press release on April 19, 2005 only
refers to Mr. Terrence Gray and makes no reference either to the other members
of the team or to their qualifications for managing the fund.

Second, after announcing that a RFP had been put in place to identify potential
investment managers for the Fund, the Board did not disclose in an appropriate
manner the specific details of the qualifications and requirements that the new
manager candidates should meet.

Third, the Board stated in the press release of June 2, 2005 that, among other
factors, the contract had been re-awarded to DeIM because of the substantial
reduction in management fees volunteered by the current manager, and implemented
last December, as well as the current manager's important role in the effective
implementation of the Fund's proposed tender offer for up to 50% of its
outstanding shares, as also announced last December. The Board also stated that
it "was encouraged by the new investment team responsible for managing the Fund
and the anticipated changes in investment process. The Board intends to monitor
the progress of the new management team and the results of its investment
process, recognizing that the Board will have the opportunity to review these
arrangements again in 2006." These statements raise many questions which City of
London, and we assume many other shareholders, would like to have seen answered
prior to such an important decision including:

Why did DeIM volunteer to reduce their fees before the Board acted on the issue?
What were the fees proposed by the other candidates? Who composes the new
investment team? What is their experience in the Fund? What are the anticipated
changes in the investment process? Is there going to be a change in style? What
is the reason that makes this completely new team be better prepared to deal
with the implementation of the tender offer? How is the Board going to monitor
the progress of the new manager? What are the criteria against which the new
manager is going to be measured?

We believe that on such a sensitive issue as the management of the Fund, the
Board should have acted in a much more open manner. - This is our fundamental
concern. Instead of consulting with shareholders, the Board simply announced
that the investment management contract of the Fund had been re-awarded to DeIM.
Technically speaking, the Board has complied with the 1940 Act, which only
requires shareholders' approval if a new manager is to be appointed, but it is
our view that the Board should put the new contract to shareholders for their
approval as a matter of good corporate governance. As stated earlier, the
majority of the investment team responsible for managing the Fund at DeIM have
left, a new team has been appointed by DeIM to run the Fund and in substance the
Fund is being managed by different persons. The only remains of the previous
DeIM contract is the name. Shouldn't the Fund's shareholders have had the
opportunity to ratify the re-appointment of DeIM in these circumstances? We
believe so.

<PAGE>

In past circumstances in which we have found a fund to be unresponsive to our
concerns as a significant investor, or where we have felt that corporate
governance issues were being neglected, we have not hesitated to express our
views publicly with the intention of ensuring that the interests of our clients
and other shareholders are safeguarded. We would therefore call on the Board to
openly and publicly, commit to the shareholders to revisit this issue and
include the shareholders in the process of selecting a new fund manager. A
failure to do so can only be seen as another corporate governance failure by the
Board.

Yours truly,



/s/ Barry M. Olliff
- -----------------------
Barry M. Olliff
Director


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