-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001072613-06-002229.txt : 20061108
<SEC-HEADER>0001072613-06-002229.hdr.sgml : 20061108
<ACCEPTANCE-DATETIME>20061108114751
ACCESSION NUMBER:		0001072613-06-002229
CONFORMED SUBMISSION TYPE:	4/A
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20061031
FILED AS OF DATE:		20061108
DATE AS OF CHANGE:		20061108

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KOREA FUND INC
		CENTRAL INDEX KEY:			0000748691
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				133226146
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0630

	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

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CITY OF LONDON INVESTMENT MANAGEMENT CO LTD
		CENTRAL INDEX KEY:			0001034546
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-04058
		FILM NUMBER:		061196209

	BUSINESS ADDRESS:	
		STREET 1:		10 EAST CHEAP
		CITY:			LONDON
		STATE:			X0
		ZIP:			00000
		BUSINESS PHONE:		4417171107

REPORTING-OWNER:	

	OWNER 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:		4/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-04058
		FILM NUMBER:		061196210

	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 NAME:	
		FORMER CONFORMED NAME:	OLLIFF & PARTNERS PLC
		DATE OF NAME CHANGE:	19960705
</SEC-HEADER>
<DOCUMENT>
<TYPE>4/A
<SEQUENCE>1
<FILENAME>pro_14722bex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4/A</documentType>

    <periodOfReport>2006-10-31</periodOfReport>

    <dateOfOriginalSubmission>2006-05-31</dateOfOriginalSubmission>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000748691</issuerCik>
        <issuerName>KOREA FUND INC</issuerName>
        <issuerTradingSymbol>KF</issuerTradingSymbol>
    </issuer>

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        <reportingOwnerId>
            <rptOwnerCik>0001018138</rptOwnerCik>
            <rptOwnerName>CITY OF LONDON INVESTMENT GROUP PLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>10 EASTCHEAP</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LONDON</rptOwnerCity>
            <rptOwnerState>X0</rptOwnerState>
            <rptOwnerZipCode>EC3M ILX</rptOwnerZipCode>
            <rptOwnerStateDescription>UNITED KINGDOM</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Joint Filer</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001034546</rptOwnerCik>
            <rptOwnerName>CITY OF LONDON INVESTMENT MANAGEMENT CO LTD</rptOwnerName>
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            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity></rptOwnerCity>
            <rptOwnerState></rptOwnerState>
            <rptOwnerZipCode></rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Joint Filer</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

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            <transactionDate>
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        <nonDerivativeTransaction>
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            <transactionDate>
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            <transactionCoding>
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                <transactionPricePerShare>
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                <value>Common Stock, par value $.01 per share</value>
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            <transactionCoding>
                <transactionFormType>4</transactionFormType>
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                <transactionPricePerShare>
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        </nonDerivativeTransaction>
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                <value>Common Stock, par value $.01 per share</value>
                <footnoteId id="F1"/>
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            <transactionDate>
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            <transactionCoding>
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                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>10000</value>
                </transactionShares>
                <transactionPricePerShare>
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                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
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            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
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                </sharesOwnedFollowingTransaction>
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            <transactionCoding>
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        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $.01 per share</value>
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            <transactionDate>
                <value>2006-07-05</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
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            <transactionAmounts>
                <transactionShares>
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                <transactionPricePerShare>
                    <value>35.8615</value>
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                    <value>A</value>
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        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $.01 per share</value>
                <footnoteId id="F7"/>
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            <transactionDate>
                <value>2006-07-11</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>275</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>36.1600</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock, par value $.01 per share</value>
                <footnoteId id="F7"/>
            </securityTitle>
            <transactionDate>
                <value>2006-10-13</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>40</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>36.7000</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>945</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">These securities are beneficially owned by the segregated accounts for which CLIM provides investment advisory services.These
 securities are beneficially owned by The Emerging World Fund.</footnote>
        <footnote id="F2">These securities are beneficially owned by The Emerging World Fund.</footnote>
        <footnote id="F3">These securities are beneficially owned by Free Emerging Markets Country Fund.</footnote>
        <footnote id="F4">These securities are beneficially owned by GFM (Institutional) Emerging Markets Country Fund.</footnote>
        <footnote id="F5">These securities are beneficially owned by  Investable Emerging Market Country Fund</footnote>
        <footnote id="F6">These securities are beneficially owned by Emerging Markets Country Fund</footnote>
        <footnote id="F7">These securities are beneficially owned by GLOBAL EMERGING MARKET COUNTRY FUND CAYMAN</footnote>
    </footnotes>

    <remarks>Neither City of London Investment Group PLC (&quot;CLIG&quot;) nor City of London Investment Management Company Limited (&quot;CLIM&quot;) are
 the beneficial owners of any shares of KF as the term &quot;beneficial owner&quot; is defined in Rule 16a-1(a)(2).  CLIG is the parent
 holding company of CLIM, which provides investment advisory services to the funds listed in notes 1 through 7 below.  This
 filing shall not be deemed an admission by any of the listed funds that they are subject to reporting under Section 16(a).

This Form is Part Two of Two Parts.</remarks>

    <ownerSignature>
        <signatureName>By: /s/ Barry M. Olliff</signatureName>
        <signatureDate>2006-06-11</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>joint-filer_14722.txt
<DESCRIPTION>JOINT FILER INFORMATION
<TEXT>
                                                                      EXHIBIT 99
                                                                      ----------


                             JOINT FILER INFORMATION
                             -----------------------



Name: City of London Investment Management Company Limited
- ----

Address: 10 Eastcheap
- -------  London EC3M ILX, England


Designated Filer: City of London Investment Group PLC
- ----------------

Issuer and Ticker Symbol: Korea Fund, Inc. ("KF")
- ------------------------

Date of Event Requiring Statement: November 7, 2006
- ---------------------------------

Signature: City of London Investment Management Company Limited
- ---------


                                    By: /s/ Barry Olliff
                                        ---------------------------------
                                    Name: Barry Olliff, Chief Investment Officer


<PAGE>

                             JOINT FILER INFORMATION
                             -----------------------



Name: City of London Investment Management Company Limited
- ----

Address: 10 Eastcheap
- -------  London EC3M ILX, England


Designated Filer: Segregated accounts for which CLIM provides investment
- ----------------  advisory services.

Issuer and Ticker Symbol: Korea Fund, Inc. ("KF")
- ------------------------

Date of Event Requiring Statement: November 7, 2006
- ---------------------------------

Signature: City of London Investment Management Company Limited
- ---------


                                    By: /s/ Barry Olliff
                                        ---------------------------------
                                    Name: Barry Olliff, Chief Investment Officer


<PAGE>

                             JOINT FILER INFORMATION
                             -----------------------



Name: City of London Investment Management Company Limited
- ----

Address: 10 Eastcheap
- -------  London EC3M ILX, England


Designated Filer: The Emerging World Fund.
- ----------------

Issuer and Ticker Symbol: Korea Fund, Inc. ("KF")
- ------------------------

Date of Event Requiring Statement: November 7, 2006
- ---------------------------------

Signature: City of London Investment Management Company Limited
- ---------


                                    By: /s/ Barry Olliff
                                        ---------------------------------
                                    Name: Barry Olliff, Chief Investment Officer


<PAGE>

                             JOINT FILER INFORMATION
                             -----------------------



Name: City of London Investment Management Company Limited
- ----

Address: 10 Eastcheap
- -------  London EC3M ILX, England


Designated Filer: Free Emerging Markets Country Fund.
- ----------------

Issuer and Ticker Symbol: Korea Fund, Inc. ("KF")
- ------------------------

Date of Event Requiring Statement: November 7, 2006
- ---------------------------------

Signature: City of London Investment Management Company Limited
- ---------


                                    By: /s/ Barry Olliff
                                        ---------------------------------
                                    Name: Barry Olliff, Chief Investment Officer


<PAGE>

                             JOINT FILER INFORMATION
                             -----------------------



Name: City of London Investment Management Company Limited
- ----

Address: 10 Eastcheap
- -------  London EC3M ILX, England


Designated Filer: GFM (Institutional) Emerging Markets Country Fund.
- ----------------

Issuer and Ticker Symbol: Korea Fund, Inc. ("KF")
- ------------------------

Date of Event Requiring Statement: November 7, 2006
- ---------------------------------

Signature: City of London Investment Management Company Limited
- ---------


                                    By: /s/ Barry Olliff
                                        ---------------------------------
                                    Name: Barry Olliff, Chief Investment Officer


<PAGE>

                             JOINT FILER INFORMATION
                             -----------------------



Name: City of London Investment Management Company Limited
- ----

Address: 10 Eastcheap
- -------  London EC3M ILX, England


Designated Filer: Investable Emerging Market Country Fund
- ----------------

Issuer and Ticker Symbol: Korea Fund, Inc. ("KF")
- ------------------------

Date of Event Requiring Statement: November 7, 2006
- ---------------------------------

Signature: City of London Investment Management Company Limited
- ---------


                                    By: /s/ Barry Olliff
                                        ---------------------------------
                                    Name: Barry Olliff, Chief Investment Officer


<PAGE>

                             JOINT FILER INFORMATION
                             -----------------------



Name: City of London Investment Management Company Limited
- ----

Address: 10 Eastcheap
- -------  London EC3M ILX, England


Designated Filer: Emerging Markets Country Fund
- ----------------

Issuer and Ticker Symbol: Korea Fund, Inc. ("KF")
- ------------------------

Date of Event Requiring Statement: November 7, 2006
- ---------------------------------

Signature: City of London Investment Management Company Limited
- ---------


                                    By: /s/ Barry Olliff
                                        ---------------------------------
                                    Name: Barry Olliff, Chief Investment Officer


<PAGE>

                             JOINT FILER INFORMATION
                             -----------------------



Name: City of London Investment Management Company Limited
- ----

Address: 10 Eastcheap
- -------  London EC3M ILX, England


Designated Filer: Global Emerging Markets Country Fund Cayman
- ----------------

Issuer and Ticker Symbol: Korea Fund, Inc. ("KF")
- ------------------------

Date of Event Requiring Statement: November 7, 2006
- ---------------------------------

Signature: City of London Investment Management Company Limited
- ---------


                                    By: /s/ Barry Olliff
                                        ---------------------------------
                                    Name: Barry Olliff, Chief Investment Officer


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