-----BEGIN PRIVACY-ENHANCED MESSAGE-----
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<SEC-DOCUMENT>0001072613-05-002399.txt : 20051021
<SEC-HEADER>0001072613-05-002399.hdr.sgml : 20051021
<ACCEPTANCE-DATETIME>20051021154656
ACCESSION NUMBER:		0001072613-05-002399
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20051021
DATE AS OF CHANGE:		20051021
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:		051149728

	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_13899.txt
<DESCRIPTION>SCHEDULE 13D/A (#14) - KOREA FUND
<TEXT>
================================================================================

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

                                  SCHEDULE 13D
                                 (Rule 13d-101)
                               (Amendment No. 14)


             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)


                                October 21, 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 6
===================                                                  ===========

================================================================================
     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                       5,440,119
                   ------------ ------------------------------------------------
BENEFICIALLY             8      SHARED VOTING POWER

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

  REPORTING                     5,440,119
                   ------------ ------------------------------------------------
   PERSON               10      SHARED DISPOSITIVE POWER

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

             5,440,119
- ------------ -------------------------------------------------------------------
    12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
             SHARES
                                                                             [_]
- ------------ -------------------------------------------------------------------
    13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

             18.15%
- ------------ -------------------------------------------------------------------
    14       TYPE OF REPORTING PERSON*

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

                               (Page 2 of 6 Pages)
<PAGE>
===================                                                  ===========
CUSIP NO. 500634100                    13D                           PAGE 3 of 6
===================                                                  ===========

================================================================================
     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                       5,440,119
                   ------------ ------------------------------------------------
BENEFICIALLY             8      SHARED VOTING POWER

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

  REPORTING                     5,440,119
                   ------------ ------------------------------------------------
   PERSON               10      SHARED DISPOSITIVE POWER

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

             5,440,119
- ------------ -------------------------------------------------------------------
    12       CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
             SHARES
                                                                             [_]
- ------------ -------------------------------------------------------------------
    13       PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

             18.15%
- ------------ -------------------------------------------------------------------
    14       TYPE OF REPORTING PERSON*

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

                               (Page 3 of 6 Pages)
<PAGE>
This Amendment No. 14 to Schedule 13D (this "Amendment No. 14") 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"), with Amendment No. 7 to Schedule 13D filed with the SEC on
May 18, 2005 ("Amendment No. 7"), with Amendment No. 8 to Schedule 13D filed
with the SEC on June 10, 2005 ("Amendment No. 8"), with Amendment No. 9 to
Schedule 13D filed with the SEC on July 5, 2005 ("Amendment No. 9"), with
Amendment No. 10 to Schedule 13D filed with the SEC on August 5, 2005
("Amendment No. 10"), with Amendment No. 11 to Schedule 13D filed with the SEC
on August 12, 2005 ("Amendment No. 11"), with Amendment No. 12 to Schedule 13D
filed with the SEC on September 14, 2005 ("Amendment No. 12"), and with
Amendment No. 13 to Schedule 13D filed with the SEC on October 7, 2005
("Amendment No. 13") and, together with Amendment No. 1, Amendment No. 2,
Amendment No. 3, Amendment No. 4, Amendment No. 5, Amendment No. 6, Amendment
No. 7, Amendment No. 8, Amendment No. 9. Amendment No. 10, Amendment No. 11,
Amendment No. 12, and Amendment No. 13, 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. 14 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 remains 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 October 21, 2005, CLIG sent a letter to the Interim Chairman of the
          Board of Directors of The Korea Fund, Inc. in response to the Fund's
          announcements on October 14 and October 20, 2005. 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.

          The Reporting Persons reserve the right to acquire, or cause to be
          acquired, additional securities of the Fund, to dispose of, or cause
          to be disposed, such securities at any time or to formulate other
          purposes, plans or proposals regarding the Fund or any of its
          securities, to the extent deemed advisable in light of general
          investment and trading policies of the Reporting Persons, market
          conditions or other factors.














                               (Page 4 of 6 Pages)
<PAGE>

          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 sent to the Board of Directors dated October 21,
          2005


























                               (Page 5 of 6 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:    October 21, 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 6 of 6 Pages)
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.A
<SEQUENCE>2
<FILENAME>exhibit-a_13899.txt
<DESCRIPTION>LETTER SENT TO THE CHAIRMAN OF THE BOARD
<TEXT>
                                                                    EXHIBIT 99.A
                                                                    ------------




Mr. Julian Reid
Interim Chairman
The Korea Fund, Inc.
c/o Deutsche Investment Management Americas Inc
345 Park Avenue
New York, New York 10154



Dear Mr. Reid,

We were pleased to note in the announcements of October 14 and October 20 from
The Korea Fund, Inc. that the Board has decided to comply with its stated
retirement policy and that Robert J. Callander has tendered his resignation as
Chairman and Director. As a result of the reduction in size of the Fund after
the recent tender offer, we also support the decision to reduce the size of the
Board from seven to five members.

We believe that the announcement from the Board is both consistent with and
responsive to the positions previously articulated by us on corporate governance
matters involving the Fund and reflects the desires of the holders of a majority
of the Fund's shares. We also believe that this is a positive first step towards
the implementation of measures that we have consistently requested of the Board,
which will go to serve the best interests of the Fund and its shareholders.
These measures, certainly neglected by the previous Board, include, but are not
limited to, the following:

o    The treatment of all shareholders, especially smaller shareholders, as
     equals;

o    Improve the communication with shareholders by improving the quality of
     information from the Fund and increasing the contact of Directors with
     shareholders;

o    Provide shareholders with an appropriate attribution of returns;

o    Define the measures to be followed regarding the current monitoring of the
     recently renewed investment contract with DeIM.

These issues are of direct interest to, and directly under the responsibility
of, the Board.
<PAGE>

In view of the positive action that has been taken by the Board, we consider
that it is appropriate for us to respond by expressing our support for the
nomination of Professor Kesop Yun and withdrawing the candidates that we had
nominated for the 2005 Annual Meeting.

We shall, however, continue to monitor closely the corporate governance record
of the Board.

It is certainly worth making a final point that we have stressed before:
closed-end funds are competing for attention in a crowded marketplace.
Therefore, like any other product, they need to be competitive. We believe that
in order for Boards to do their job of safeguarding shareholders' best
interests, they should remain in very close contact with shareholders to better
understand their needs.

It is not our goal to reduce the size of the closed-end fund sector but, on the
contrary, to create a better environment of accountability and transparency and
to encourage the creation of more competitive products in order to attract a
larger number of investors to the closed-end fund industry. We are not fighting
against Boards. Our intention is to bring to their attention the fact that the
industry has changed, and they need to change accordingly if the industry is to
grow.

We look forward to continuing our dialogue with the Board on corporate
governance issues and assisting the Board in determining additional measures
necessary for the Fund to achieve the highest levels of good corporate
governance. We remain available to meet with members of the Board for this
purpose.




Sincerely yours,

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

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