<SEC-DOCUMENT>0001193125-15-304045.txt : 20150827
<SEC-HEADER>0001193125-15-304045.hdr.sgml : 20150827
<ACCEPTANCE-DATETIME>20150827093307
ACCESSION NUMBER:		0001193125-15-304045
CONFORMED SUBMISSION TYPE:	N-CSR
PUBLIC DOCUMENT COUNT:		8
CONFORMED PERIOD OF REPORT:	20150630
FILED AS OF DATE:		20150827
DATE AS OF CHANGE:		20150827
EFFECTIVENESS DATE:		20150827

FILER:

	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:		N-CSR
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04058
		FILM NUMBER:		151077417

	BUSINESS ADDRESS:	
		STREET 1:		ALLIANZ GLOBAL INVESTORS FUND MANAGEMENT
		STREET 2:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
		BUSINESS PHONE:		212-739-3000

	MAIL ADDRESS:	
		STREET 1:		ALLIANZ GLOBAL INVESTORS FUND MANAGEMENT
		STREET 2:		1633 BROADWAY
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10019
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSR
<SEQUENCE>1
<FILENAME>d11785dncsr.htm
<DESCRIPTION>THE KOREA FUND, INC.
<TEXT>
<HTML><HEAD>
<TITLE>The Korea Fund, Inc.</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM N-CSR
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CERTIFIED SHAREHOLDER REPORT OF REGISTERED </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>MANAGEMENT INVESTMENT COMPANIES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Investment Company Act file number 811-04058 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>The Korea
Fund, Inc. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact name of registrant as specified in charter) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="44%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="44%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP ALIGN="center"><B>1633 Broadway, New York, NY</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>10019</B></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:6pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center"><FONT STYLE="font-size:8pt"><B>(Address of principal executive offices)</B></FONT></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-size:8pt"><B>(Zip&nbsp;code)</B></FONT></TD></TR>
</TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Lawrence G. Altadonna </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>1633 Broadway, </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>New York,
New York 10019 </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Name and address of agent for service) </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code: 212-739-3371 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Date of fiscal year end: June&nbsp;30, 2015 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Date of reporting period: June&nbsp;30, 2015 </B></P> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Item 1. Report to Shareholders </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">


<IMG SRC="g11785logo_01kor.jpg" ALT="LOGO">
 </P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="4">Annual Report </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="4">June 30, 2015 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><A NAME="toc"></A>Table of Contents</B></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="10" COLSPAN="3"></TD>
<TD HEIGHT="10" COLSPAN="2"></TD></TR>
<TR>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">1-3</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#toc11785_1">Portfolio Manager&#146;s Report</A></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" COLSPAN="3"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">4-5</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#toc11785_2">Performance &amp; Statistics</A></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" COLSPAN="3"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">6-7</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#toc11785_3">Schedule of Investments</A></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" COLSPAN="3"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">8</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#toc11785_4">Statement of Assets and Liabilities</A></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" COLSPAN="3"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">9</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#toc11785_5">Statement of Operations</A></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" COLSPAN="3"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">10</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#toc11785_6">Statement of Changes in Net Assets</A></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" COLSPAN="3"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">11-15</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#toc11785_7">Notes to Financial Statements</A></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" COLSPAN="3"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">16</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#toc11785_8">Financial Highlights</A></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" COLSPAN="3"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">17</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#toc11785_9">Report of Independent Registered Public Accounting Firm</A></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" COLSPAN="3"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">18</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#toc11785_10">Tax Information/Stockholder Meeting Results/Proxy Voting Policies &amp; Procedures</A></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" COLSPAN="3"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">19-20</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#toc11785_11">Privacy Policy</A></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" COLSPAN="3"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">21-22</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#toc11785_12">Dividend Reinvestment and Cash Purchase Plan</A></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" COLSPAN="3"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">23</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#toc11785_13">Board of Directors</A></FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="5" COLSPAN="3"></TD>
<TD HEIGHT="5" COLSPAN="2"></TD></TR>
<TR>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="2">24</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="2"><A HREF="#toc11785_14">Fund Officers</A></FONT></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b"><A NAME="toc11785_1"></A>The Korea Fund, Inc.
</FONT>Portfolio Manager&#146;s Report </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">June 30, 2015 (unaudited) </FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">During the fiscal year from July&nbsp;1, 2014 to June&nbsp;30, 2015,
Korea&#146;s KOSPI index appreciated 3.60% in KRW terms and fell 6.03% in USD terms. During the period, the Korean Won continued to depreciate against the US dollar from 1,012 to 1,115. While Korea&#146;s current account surplus remained strong, a
series of interest rate cuts by the country&#146;s central bank, together with growing expectations of an interest rate hike in the US, contributed to the Won&#146;s weakening against the US dollar. This however has not meaningfully boosted Korean
exports, as the Japanese Yen and Euro depreciated against the Won and eroded Korea&#146;s competitiveness in exports. In addition to foreign exchange movements, there were also demand problems as most of Korea&#146;s major trading partners, with the
exception of the US, continued to see weak economic growth. Thus, Korea&#146;s export performance deteriorated throughout the past 12 months, with export growth turning negative in the first half of 2015. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">During the past 12 months, the crude oil price fell 44% from a high of
US$105.37 per barrel to US$59.47 per barrel. At one point, the crude oil price reached a low of US$43.46. With Korea&#146;s reliance on oil imports, the substantial fall in crude prices provided limited stimulus to the Korean economy. With stagnant
income growth and weak sentiment, it appeared Korean consumers had not spent the savings from cheaper energy. While some corporates enjoy savings from lower energy and oil-based materials costs, the savings are often partially offset by earnings
pressure from weak demand and more intense competition. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">The
Korean economy also faced other unexpected headwinds towards the end of the fiscal year. Prior to June 2015, domestic consumption had shown some stabilization as the housing market improved. However, from late May the Middle East Respiratory
Syndrome (MERS), a new disease to Korea, infected a number of people in the Greater Seoul Area. The disease was compared to Severe Acute Respiratory Syndrome (SARS) that wreaked havoc in Asia in 2003, and led to serious concerns among the Korean
public. Many people avoided crowded places such as restaurants, cinemas and department stores, while many public activities were cancelled. In addition, inbound tourism, which had been a bright spot in the economy, suffered a significant decline as
travel plans were postponed. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Facing a lackluster domestic economy
and a challenging export environment, many domestic investors turned to small cap stocks in search for growth. Over the period under review, the KOSDAQ Index, where small cap stocks have a large presence, rose by 38.21% in KRW terms and 25.37% in
USD terms led by the bio-technology and cosmetics sectors. As a result of record low interest rates, retail fund flows into small cap stocks had also increased significantly. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fund&#146;s Performance </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">From July&nbsp;1, 2014 to June&nbsp;30, 2015, the total return of The Korea Fund, Inc.&#146;s (the &#147;Fund&#148;) Net Asset
Value (NAV) was -5.35% (net of fees) in USD terms, outperforming the Fund&#146;s benchmark MSCI Korea Index by 8.89%. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">06.30.15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Annual&nbsp;Report</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>1</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.</FONT> Portfolio Manager&#146;s
Report </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">June 30, 2015 (unaudited) (continued) </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Performance Attribution Review </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Over the reporting period, superior stock selection in consumer discretionary
and industrial sectors contributed to the Fund&#146;s performance while the underweight position in the consumer staples and health care sectors detracted from relative performance relative to the Fund&#146;s benchmark. Hyundai Development, a
residential construction firm and Hanssem, a furniture retailer, were among the major contributors to the Fund&#146;s outperformance. The share price of both companies benefited from a recovery in the domestic housing market. The Fund&#146;s
holdings in Korea Aerospace Industries also added to performance as the company received strong new orders in both the defense and commercial aircraft sectors. Conversely, the Fund&#146;s exposure to the auto and tire related companies detracted
from performance as they faced more intense competition from their European and Japanese peers. Paradise, a casino operator, also detracted from performance since gaming demand from China fell significantly following China&#146;s implementation of
its anti-corruption campaign. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Outlook </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">We remain cautious on the export sector. A number of the major export
industries such as autos, mobile phones and shipbuilding are generally seeing weak demand or increased competition. Absent a major reversal in the recent foreign exchange trend, we believe Korean exports will likely remain under pressure for the
rest of 2015. We are more positive on the outlook for tourism. Earlier this year there were concerns that the weak Yen might draw many tourists away from Korea to Japan. However, inbound tourism has proven quite resilient and the growth in Chinese
visitors remained strong prior to the MERS outbreak. As the MERS outbreak officially ended at the end of July, tourism demand is expected to gradually recover in the coming months. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">Over the past 12 months the Bank of Korea has cut its policy rate from 2.5%
to a record low of 1.5%. In our view, monetary policy is likely to remain accommodative in the second half of 2015 given the weak economy and lingering impact of MERS. This should give a further boost to the already recovering housing market. In
fact, after a series of government deregulation measures and interest rate cuts, the recovery in the housing market seems to be gathering momentum. In the first half of 2015, housing transaction volume rose by 30% year-on-year nationwide and by 45%
year-on-year in the Seoul metropolitan area. As a result of rising rents and falling mortgage rates, more tenants are opting to purchase their own homes. Housing prices have so far only recorded very moderate gains, but if the positive trend
continues it could help support consumption as people perceive themselves to be better-off. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:Times New Roman" SIZE="2">On the corporate governance front, we notice that the National Pension Service (&#147;NPS&#148;), the largest domestic investor in Korea, has become more vocal about corporate transactions as well
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="70%"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>2</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Annual&nbsp;Report</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">06.30.15</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.</FONT> Portfolio Manager&#146;s
Report </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">June 30, 2015 (unaudited) (continued) </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:Times New Roman" SIZE="2">as capital return to shareholders. We believe the NPS will play a larger role in pushing for higher dividend payouts in the Korean equity market. In fact,
a number of large companies in the technology, auto and financial sectors announced significant dividend increases in early 2015. For the past 12 months, Korea dividend stocks outperformed both value and growth styles. We believe this trend will
likely be sustained for the long term as Korea is expected to face baby boomer retirement in the near future. The associated higher demand for income may also lead domestic institutions to pay more attention to the dividend element of equity
investment returns. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:3%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I>The information contained
herein has been obtained from sources believed to be reliable but the investment manager and its affiliates do not warrant the information to be accurate, complete or reliable. The opinions expressed herein are solely those of the Fund&#146;s
Portfolio Manager and are subject to change at any time and without notice. Past performance is not indicative of future results. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument.
Investors should consider the investment objectives, risks, charges and expenses of any mutual fund carefully before investing. This and other information is contained in the Fund&#146;s annual and semiannual reports, proxy statement and other Fund
information, which may be obtained by contacting your financial advisor or visiting the Fund&#146;s website at www.thekoreafund.com. </I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:3%"><FONT STYLE="font-family:Times New Roman" SIZE="2"><I>This information is unaudited and is intended for informational purposes only. It is presented only to provide information on
investment strategies and opportunities. The Fund seeks long-term capital appreciation through investment in securities, primarily equity securities, of Korean companies. Investing in non-U.S. securities entails additional risks, including political
and economic risk and the risk of currency fluctuations, as well as lower liquidity. These risks, which can result in greater price volatility, will generally be enhanced in less diversified funds that concentrate investments in a particular
geographic region. The Fund is a closed-end exchange traded management investment company. This material is presented only to provide information and is not intended for trading purposes. Closed-end funds, unlike open-end funds, are not continuously
offered. After the initial public offering, shares are sold on the open market through a stock exchange, where shares may trade at a premium or a discount. Holdings are subject to change daily. </I></FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">06.30.15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Annual&nbsp;Report</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>3</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b"><A NAME="toc11785_2"></A>The Korea Fund, Inc.</FONT>
Performance &amp; Statistics </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">June 30, 2015 (unaudited) </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="67%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Total Return<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></B><SUP
STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(1)<B></B></SUP><B></B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>1&nbsp;Year</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>5&nbsp;Year</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>10&nbsp;Year</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Market Price</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-5.03</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5.98</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">6.07</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net Asset Value (&#147;NAV&#148;)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-5.35</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5.96</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP>&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5.66<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex"></SUP></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(2)</SUP>&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">MSCI Korea (Total Return)<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(3)</SUP></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-14.24</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5.51</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">7.22</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">MSCI Korea (Price Return)<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(3)</SUP></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-15.22</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4.51</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">6.03</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">
<P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">KOSPI<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">(4)</SUP></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-6.03</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">6.00</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">6.06</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
</TABLE>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><DIV STYLE="position:relative;float:left; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">
 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Premium (Discount) to NAV: </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="1">June 30, 2005 to June 30, 2015 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px">


<IMG SRC="g11785g70m42.jpg" ALT="LOGO">
 </P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Industry Breakdown (as a % of net assets):
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px">&nbsp;</P> <P STYLE="margin-top:0px;margin-bottom:0px">


<IMG SRC="g11785g10y09.jpg" ALT="LOGO">
 </P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;
</FONT></P></DIV><DIV STYLE="position:relative;float:left; margin-left:2%; width:48%;padding-right:1%;padding-bottom:8pt;overflow:hidden;padding-top:3pt">

<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="81%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="10%"></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Market Price/NAV:</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD COLSPAN="2" VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b">&nbsp;<FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Market Price</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$40.57</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">NAV</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$44.80</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Discount to NAV</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">-9.44</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="88%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="8%"></TD></TR>
<TR>
<TD VALIGN="bottom" COLSPAN="4" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Ten Largest Holdings (as a % of net assets):</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #32406b"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Samsung Electronics Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Manufacturer of electronic parts</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">18.1</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" COLSPAN="4"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Hyundai Development Co.-Engineering &amp; Construction</FONT></P></TD>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></P></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Civil engineering and architecture<BR>construction businesses</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">9.3</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">SK Hynix, Inc.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Manufacturer of memory and non-memory semiconductors</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">8.7</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Hanssem Co., Ltd</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Manufacturer and distributor of kitchen and interior furniture</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">6.7</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Coway Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Engaged in the provision of water purifiers</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4.9</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">LG Household &amp; Health Care Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Manufacturer of household goods, cosmetics and beverages.</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4.7</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Korea Aerospace Industries Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Manufacturer of military and civilian aircrafts</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4.6</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Samsung Fire &amp; Marine Insurance Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Insurance company specialized in the non-life insurance business</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4.4</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Shinhan Financial Group Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Provider of financial products and services</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4.2</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">SK Telecom Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Provider of wireless communication services</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4.1</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
</TABLE> </DIV><div style="clear:both; height:0px; font-size:0px">&nbsp;</div>
 <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="70%"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>4</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Annual&nbsp;Report</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">06.30.15</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.</FONT> Performance &amp; Statistics
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">June 30, 2015 (unaudited) (continued) </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Past performance is no guarantee of future results.</B> Total return is calculated by determining the percentage change in NAV or market price (as applicable) in the specified
period. The calculation assumes that all dividends and distributions, if any, have been reinvested. Total return does not reflect broker commissions or sales charges in connection with the purchase or sale of Fund shares. Total return for a period
of more than one year represents the average annual total return. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Performance at market price will differ from results at NAV. Although market price returns typically reflect investment results over time, during shorter periods returns at
market price can also be influenced by factors such as changing views about the Fund, market conditions, supply and demand for the Fund&#146;s shares, or changes in the Fund&#146;s dividends. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">An investment in the Fund involves risk, including the loss of principal. Total return, market price and NAV will fluctuate with changes in market conditions. This data is
provided for information purposes only and is not intended for trading purposes. Closed-end funds, unlike open-end funds, are not continuously offered. There is a one-time public offering and once issued, shares of closed-end funds are traded in the
open market through a stock exchange. NAV is equal to total assets less total liabilities divided by the number of shares outstanding. Holdings are subject to change daily. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">See Note 8 in the Notes to Financial Statements. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(3)</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Morgan Stanley Capital International (&#147;MSCI&#148;) Korea Index is a market capitalization-weighted index of equity securities of companies domiciled in Korea. The index is
designed to represent the performance of the Korean stock market and excludes certain market segments unavailable to U.S. based investors. The MSCI Korea (Total Return) returns assume reinvestment of dividends (net of foreign withholding taxes)
while the MSCI Korea (Price Return) returns do not and, unlike Fund returns, do not reflect any fees or expenses. The Fund previously reported performance of the MSCI Korea (Custom Benchmark) representing a daily adjustment to the performance
calculation of MSCI Korea if the weight of the semiconductor and semiconductor equipment industry is greater than 25% to account for the fact that the weighting of stocks in the semiconductor and semiconductor industry (including Samsung
Electronics., Ltd. (&#147;Samsung&#148;)) in the MSCI Korea Index exceeded 25%, the maximum weighting permitted by the Fund&#146;s concentration limits. During the period, MSCI reclassified Samsung from the semiconductor and semiconductor equipment
industry to the technology hardware industry. Accordingly, the Fund has terminated the use of the MSCI Korea (Custom Benchmark). Total return for a period of more than one year represents the average annual return. </FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(4)</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">The Korea Composite Stock Price Index (&#147;KOSPI&#148;) is an unmanaged capitalization-weighted index of all common shares on the Stock Market Division of the Korea Exchange
(formerly the &#147;Korea Stock Exchange&#148;). The KOSPI returns, unlike Fund returns, do not reflect any fees or expenses. It is not possible to invest directly in an index. Total return for a period of more than one year represents the average
annual return. </FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD WIDTH="70%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">06.30.15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Annual&nbsp;Report</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>5</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b"><A NAME="toc11785_3"></A>The Korea Fund, Inc.</FONT>
Schedule of Investments </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">June 30, 2015 </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="77%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>
<TR>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Shares</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;<FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Value</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em;"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" COLSPAN="7"> <P STYLE="margin-left:1.00em; text-indent:-1.00em;"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>COMMON STOCK&#150;96.5%</B></FONT></P></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em;"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></P></TD></TR>
<TR>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Aerospace &amp; Defense&#150;4.6%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">213,893</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Korea Aerospace Industries Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$15,221,693</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Auto Components&#150;1.6%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">83,834</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Halla Visteon Climate Control Corp.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">2,895,702</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">62,203</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Hankook Tire Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">2,339,361</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5,235,063</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Automobile&#150;2.3%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">54,970</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Hyundai Motor Co.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">6,691,855</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">25,048</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Kia Motors Corp.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1,016,196</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">7,708,051</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Banks&#150;7.5%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">357,000</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">BNK Financial Group, Inc.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4,538,814</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">602,790</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">DGB Financial Group, Inc. (c)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">6,312,806</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">374,352</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Shinhan Financial Group Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">13,934,107</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">24,785,727</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Capital Markets&#150;2.3%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">153,500</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Samsung Securities Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">7,495,662</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Construction &amp; Engineering&#150;9.3%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">518,850</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Hyundai Development Co.-Engineering &amp; Construction</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">30,736,794</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Construction Materials&#150;2.6%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">38,429</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Hanil Cement Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5,850,148</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">172,200</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Sungshin Cement Co., Ltd. (c)(d)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">2,575,518</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">8,425,666</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Food Products&#150;1.1%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3,937</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Orion Corp.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3,691,869</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Hotels, Restaurants &amp; Leisure&#150;0.5%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">56,960</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Grand Korea Leisure Co., Ltd. (c)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1,588,109</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Household Durables&#150;11.6%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">197,331</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Coway Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">16,156,177</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">88,183</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Hanssem Co., Ltd. (c)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">22,203,736</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">38,359,913</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Household Products&#150;4.7%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">22,200</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">LG Household &amp; Health Care Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">15,388,900</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Industrial Conglomerates&#150;2.0%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">116,400</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">LG Corp.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">6,439,524</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Insurance&#150;4.7%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">104,550</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Korean Reinsurance Co.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1,152,547</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">54,455</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Samsung Fire &amp; Marine Insurance Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">14,348,957</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">15,501,504</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Internet &amp; Catalog Retail&#150;4.1%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">355,219</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Interpark Corp. (c)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">7,920,057</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">672,883</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Interpark Holdings Corp. (c)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">5,630,867</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">13,550,924</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Internet Software &amp; Services&#150;0.8%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4,935</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">NAVER Corp.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">2,801,286</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="25%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="69%"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>6</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Annual&nbsp;Report</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">06.30.15</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.</FONT> Schedule of Investments
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">June 30, 2015 (continued) </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="73%"></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD></TR>

<TR>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Shares</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;<FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Value</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>IT Services&#150;0.6%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">7,552</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">SK C&amp;C Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$1,868,632</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Metals &amp; Mining&#150;1.5%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">10,040</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Korea Zinc Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">4,884,346</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Semiconductors &amp; Semiconductor Equipment&#150;8.7%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">753,591</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">SK Hynix, Inc.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">28,562,239</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Specialty Retail&#150;3.8%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">125,258</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Hotel Shilla Co., Ltd. (c)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">12,522,036</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Technology Hardware, Storage &amp; Peripherals&#150;18.1%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">52,633</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Samsung Electronics Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">59,716,622</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Wireless Telecommunication Services&#150;4.1%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">60,210</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">SK Telecom Co., Ltd.</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">13,472,355</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Total Common Stock (cost&#150;$211,603,781)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">317,956,915</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em;"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></P></TD>
<TD VALIGN="bottom" COLSPAN="4"> <P STYLE="margin-left:1.00em; text-indent:-1.00em;"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>SHORT-TERM INVESTMENTS&#150;11.6%</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Collateral Invested for Securities on Loan </B>(b)<B>&#150;11.6%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">38,257,173</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">BlackRock T-Fund, Institutional Class (cost&#150;$38,257,173)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">38,257,173</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Total Investments</B> (cost&#150;$249,860,954) (a)&#150;<B>108.1%</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">356,214,088</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Liabilities in excess of other assets&#150;(8.1)%</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(26,755,601</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">)&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Net Assets&#150;100.0%</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>$329,458,487</B></FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></TD></TR>
<TR STYLE="font-size:1px">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px">&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Notes to Schedule of Investments: </B></FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(a)</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Securities with an aggregate value of $316,368,806, representing 96.0% of net assets, were valued utilizing modeling tools provided by a third-party vendor. See Note 1(a) and
Note 1(b) in the Notes to Financial Statements. </FONT></TD>
<TD WIDTH="0%"><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(b)</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Purchased with cash collateral received from securities on loan. </FONT></TD>
<TD WIDTH="0%"><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(c)</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">A portion of securities on loan with an aggregate value of $36,419,921; cash collateral of $38,257,173 was received with which the Fund invested in the BlackRock T-Fund
Institutional Class. </FONT></TD>
<TD WIDTH="0%"><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(d)</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Non-income producing. </FONT></TD>
<TD WIDTH="0%"><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(e)</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Fair Value Measurements &#150; See Note 1(b) in the Notes to Financial Statements. </FONT></TD>
<TD WIDTH="0%"><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="45%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;<FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Level 1&nbsp;&#150;<BR>Quoted&nbsp;Prices</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Level 2&nbsp;&#150;<BR>Other&nbsp;Significant<BR>Observable<BR>Inputs</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Level 3&nbsp;&#150;<BR>Significant<BR>Unobservable<BR>Inputs</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Value at<BR>6/30/15</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Investments in Securities&#151;Assets</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Common Stock:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Hotels, Restaurants&nbsp;&amp; Leisure</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1,588,109</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1,588,109</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">All Other</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">316,368,806</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">316,368,806</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Collateral Invested for Securities on Loan</FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">38,257,173</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">38,257,173</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="10"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD>
<TD HEIGHT="10" COLSPAN="4"></TD></TR>
<TR>
<TD VALIGN="top" STYLE="border-bottom:3px double #000000"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Totals</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="border-bottom:3px double #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" STYLE="border-bottom:3px double #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">39,845,282</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="border-bottom:3px double #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" STYLE="border-bottom:3px double #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">316,368,806</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="border-bottom:3px double #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="border-bottom:3px double #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="border-bottom:3px double #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">$</FONT></TD>
<TD VALIGN="bottom" STYLE="border-bottom:3px double #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">356,214,088</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">At June&nbsp;30, 2015, a security valued at $1,588,109
was transferred from Level 2 to Level 1. This transfer was the result of a security trading outside the U.S. whose value was adjusted by the application of a modeling tool at June&nbsp;30, 2014, which was not applied on June&nbsp;30, 2015.
</FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD WIDTH="66%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="25%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>See&nbsp;accompanying&nbsp;Notes&nbsp;to&nbsp;Financial&nbsp;Statements</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1">06.30.15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Annual&nbsp;Report</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>7</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b"><A NAME="toc11785_4"></A>The Korea Fund, Inc.</FONT>
Statement of Assets and Liabilities </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">June 30, 2015 </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="32" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="32" COLSPAN="2" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="32" COLSPAN="4" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Assets:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Investments, at value, including securities on loan of $36,419,921
(cost&#150;$249,860,954)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$356,214,088</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Cash</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">948,235</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Foreign currency, at value (cost&#150;$9,004,138)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">8,945,882</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Receivable for investments sold</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">2,041,550</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Dividends receivable (net of foreign withholding taxes)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">70,010</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Securities lending income receivable, including income from invested cash collateral (net of
rebates)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">26,888</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Prepaid expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">165,176</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Total Assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">368,411,829</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Liabilities:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Payable for collateral for securities on loan</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">38,257,173</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Investment management fees payable</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">200,637</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Payable for shares repurchased</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">132,914</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Accrued expenses and other liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">362,618</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Total Liabilities</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">38,953,342</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Net Assets</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$329,458,487</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Net Assets:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Common Stock:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Par value ($0.01 per share, applicable to 7,353,874 shares issued and outstanding)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$73,539</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Paid-in-capital in excess of par</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">215,460,322</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Dividends in excess of net investment income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(955,359)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Accumulated net realized gain</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">8,572,287</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net unrealized appreciation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">106,307,698</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Net Assets</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$329,458,487</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Net Asset Value Per Share</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$44.80</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="67%"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>8</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Annual&nbsp;Report</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1">06.30.15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1"><B>See accompanying Notes to Financial Statements</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b"><A NAME="toc11785_5"></A>The Korea Fund, Inc.</FONT>
Statement of Operations </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">Year ended June 30, 2015 </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="80%"></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="32" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="32" COLSPAN="2" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="32" COLSPAN="4" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Investment Income:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Dividends (net of foreign withholding taxes of $760,249)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$3,443,435</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Securities lending income, including income from invested cash collateral (net of
rebates)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">269,456</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Interest (net of foreign withholding taxes of $1,464)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">9,065</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Total Investment Income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3,721,956</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Expenses:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Investment management</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">2,554,383</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Directors</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">381,742</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Legal</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">339,589</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Insurance</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">171,345</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Custodian and accounting agent</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">157,517</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Audit and tax services</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">112,403</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Stockholder communications</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">47,108</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Transfer agent</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">25,376</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">New York Stock Exchange listing</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">23,536</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Miscellaneous</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">84,881</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Total Expenses</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">3,897,880</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Net Investment Loss</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(175,924)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Realized and Change in Unrealized Gain (Loss):</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net realized gain (loss) on:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">18,838,307</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Foreign currency transactions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(768,920)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net change in unrealized appreciation/depreciation of:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Investments</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(40,739,690)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:2.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Foreign currency transactions</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(59,103)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net realized and change in unrealized loss</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(22,729,406)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Net Decrease in Net Assets Resulting from Investment Operations</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$(22,905,330)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD WIDTH="67%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>See&nbsp;accompanying&nbsp;Notes&nbsp;to&nbsp;Financial&nbsp;Statements</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1">06.30.15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Annual&nbsp;Report</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>9</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b"><A NAME="toc11785_6"></A>The Korea Fund, Inc.</FONT>
Statement of Changes in Net Assets </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="64%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD VALIGN="bottom" WIDTH="5%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="32" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="32" COLSPAN="2" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="32" COLSPAN="4" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="32" COLSPAN="2" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="32" COLSPAN="4" STYLE="BORDER-TOP:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Year ended<BR>June&nbsp;30, 2015</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Year ended<BR>June&nbsp;30, 2014</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Investment Operations:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net investment loss</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$(175,924)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$(1,194,476)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net realized gain</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">18,069,387</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">22,454,854</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net change in unrealized appreciation/depreciation</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(40,798,793)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">49,790,777</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net increase (decrease) in net assets resulting from investment operations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(22,905,330)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">71,051,155</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Common Stock Transactions:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Cost of shares repurchased</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(25,782,648)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(27,733,354)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Total increase (decrease) in net assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(48,687,978)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">43,317,801</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Net Assets:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Beginning of year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">378,146,465</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">334,828,664</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">End of year*</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$329,458,487</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$378,146,465</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">*Including dividends in excess of net investment income of:</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$(955,359)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$(2,116,026)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="16" COLSPAN="2"></TD>
<TD HEIGHT="16" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Shares Activity:</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Shares outstanding, beginning of year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">7,988,733</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">8,689,284</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Shares repurchased</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(634,859)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(700,551)</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="4" STYLE="BORDER-RIGHT:1px solid #000000">&nbsp;</TD></TR>
<TR>
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Shares outstanding, end of year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">7,353,874</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">7,988,733</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="66%"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>10</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Annual&nbsp;Report</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1">06.30.15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1"><B>See accompanying Notes to Financial Statements</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b"><A NAME="toc11785_7"></A>The Korea Fund, Inc.</FONT> Notes
to Financial Statements </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">June 30, 2015 </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>1. Organization and Significant Accounting Policies </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Korea Fund, Inc. (the &#147;Fund&#148;) is registered under the Investment Company Act of 1940 and the rules and regulations thereunder, as amended, as a
closed-end, non-diversified management investment company organized as a Maryland corporation, and accordingly, follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board (&#147;FASB&#148;)
Accounting Standards Codification Topic 946 Financial Services&#151;Investment Companies. The Fund has authorized 200&nbsp;million shares of common stock with $0.01 par value. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund&#146;s investment objective is to seek long-term capital appreciation through
investment in securities, primarily equity securities, of Korean companies. There can be no assurance that the Fund will meet its stated objective. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The preparation of the Fund&#146;s financial statements in accordance with accounting principles generally accepted in the United States of America (&#147;U.S.
GAAP&#148;) requires the Fund&#146;s management to make estimates and assumptions that affect the reported amounts and disclosures in the Fund&#146;s financial statements. Actual results could differ from those estimates. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">In the normal course of business, the Fund enters into contracts that contain a
variety of representations that provide general indemnifications. The Fund&#146;s maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Fund that have not yet occurred. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">In June 2014, the FASB issued an Accounting Standards Update (&#147;ASU&#148;) that
expands secured borrowing accounting for certain repurchase agreements. The ASU also sets forth additional disclosure requirements for certain transactions accounted for as sales, in order to provide financial statement users with information to
compare to similar transactions accounted for as secured borrowings. The ASU is effective prospectively during interim or annual periods beginning after December&nbsp;15, 2014. At this time, management is evaluating the implications of these changes
on the Fund&#146;s financial statements. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The following is a summary of
significant accounting policies consistently followed by the Fund: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(a)
Valuation of Investments </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Portfolio securities and other financial instruments for which market quotations are readily available are stated at market
value. Market value is generally determined on the basis of official closing prices, last reported sales prices, or if no sales or closing prices are reported, on the basis of quotes obtained from a quotation reporting system, established market
makers, or independent pricing services. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Portfolio securities and other
financial instruments for which market quotations are not readily available, or for which a development/event occurs that may significantly impact the value of a security, are fair-valued, in good faith, pursuant to procedures established by the
Board of Directors (the &#147;Board&#148;), or persons acting at their discretion pursuant to procedures established by the Board. The Fund&#146;s investments are valued daily and the net asset value (&#147;NAV&#148;) is calculated as of the close
of regular trading (normally 4:00 p.m. Eastern time) on the New York Stock Exchange (&#147;NYSE&#148;) on each day the NYSE is open for business using prices supplied by an independent pricing service or broker/dealer quotations, or by using the
last sale or settlement price on the exchange that is the primary market for such securities, or the mean between the last bid and ask quotations. For foreign equity securities (with certain exceptions, if any), the Fund fair values its securities
daily using modeling tools provided by a statistical research service. This service utilizes statistics and programs based on historical performance of markets and other economic data (which may include changes in the value of U.S. securities or
security indices). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px;padding-bottom:0px; "><FONT STYLE="font-family:ARIAL" SIZE="1">Short-term debt instruments
maturing in 60 days or less are valued at amortized cost, if their original term to maturity was 60 days or less, or by amortizing premium or discount based on their value on the
61<SUP STYLE="vertical-align:baseline; position:relative; bottom:.8ex">st</SUP> day prior to maturity, if the original term to maturity exceeded 60 days. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Investments initially valued in currencies other than the U.S. dollar are converted to the U.S. dollar using exchange rates obtained from pricing services. As a
result, the NAV of the Fund&#146;s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. The value of securities traded in markets outside the United States or denominated in currencies other than the U.S.
dollar may be affected significantly on a day that the NYSE is closed. The prices used by the Fund to value securities may differ from the value that would be realized if the securities were sold and these differences could be material to the
Fund&#146;s financial statements. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(b) Fair Value Measurements
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (<I>i.e.</I> the &#147;exit price&#148;)
in an orderly transaction between market participants. The three levels of the fair value hierarchy are described below: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">Level 1&#151;quoted prices in active markets for identical investments that the Fund has the ability to access </FONT></P></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">Level 2&#151;valuations based on other significant observable inputs, which may include, but are not limited to, quoted prices for similar assets or liabilities,
interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates or other market corroborated inputs </FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD WIDTH="69%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">06.30.15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Annual&nbsp;Report</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>11</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.</FONT> Notes to Financial Statements
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">June 30, 2015 (continued) </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>1. Organization and Significant Accounting Policies</B> (continued)<B> </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">Level 3&#151;valuations based on significant unobservable inputs (including Allianz Global Investors U.S. LLC&#146;s (the &#147;Investment Manager&#148; or
&#147;AllianzGI U.S.&#148;) and the Valuation Committee&#146;s own assumptions and securities whose price was determined by using a single broker&#146;s quote) </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The valuation techniques used by the Fund to measure fair value during the year ended
June&nbsp;30, 2015 were intended to maximize the use of observable inputs and to minimize the use of unobservable inputs. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund&#146;s policy is to recognize transfers between levels at the end of the reporting period. An investment asset&#146;s or liability&#146;s level within the
fair value hierarchy is based on the lowest level input, individually or in aggregate, that is significant to the fair value measurement. The objective of fair value measurement remains the same even when there is a significant decrease in the
volume and level of activity for an asset or liability and regardless of the valuation techniques used. Investments categorized as Level 1 or 2 as of period end may have been transferred between Levels 1 and 2 since the prior period due to changes
in the valuation method utilized in valuing the investments. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The inputs or
methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following are certain inputs and techniques that the Fund generally uses to evaluate how to classify each major
category of assets and liabilities within Level 2 and Level 3, in accordance with U.S. GAAP. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="1"><B>Equity Securities (Common Stock)</B>&#151;Equity securities traded in inactive markets and certain foreign equity securities are valued using inputs which include broker-dealer quotes, recently executed
transactions adjusted for changes in the benchmark index, or evaluated price quotes received from independent pricing services that take into account the integrity of the market sector and issuer, the individual characteristics of the security, and
information received from broker-dealers and other market sources pertaining to the issuer or security. To the extent that these inputs are observable, the values of equity securities are categorized as Level 2. To the extent that these inputs are
unobservable, the values are categorized as Level 3. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(c) Investment
Transactions and Investment Income </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Investment transactions are accounted for on the trade date. Realized gains and losses on investments are
determined on an identified cost basis. Interest income on uninvested cash is recorded upon receipt. Dividend income is recorded on the ex-dividend date. Korean-based corporations have generally adopted calendar year-ends, and their interim and
final corporate actions are normally approved, finalized and announced by their boards of directors and stockholders in the first and third quarters of each calendar year. Generally, estimates of their dividends are accrued on the ex-dividend date
principally in the prior December and/or June period ends. These dividend announcements are recorded by the Fund on such ex-dividend dates. Any subsequent adjustments thereto by Korean corporations are recorded when announced. Presently, dividend
income from Korean equity investments is earned primarily in the last calendar quarter of each year, and will be received primarily in the first calendar quarter of the following year. Certain other dividends and related withholding taxes, if
applicable, from Korean securities may be recorded subsequent to the ex-dividend date as soon as the Fund is informed of such dividends and taxes. Dividend and interest income on the Statement of Operations are shown net of any foreign taxes
withheld on income from foreign securities. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(d) Federal Income Taxes
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund intends to distribute all of its taxable income and to comply with the other requirements of Subchapter M of the U.S. Internal Revenue Code
of 1986, as amended, applicable to regulated investment companies. Accordingly, no provision for U.S. federal income taxes is required. The Fund may be subject to excise tax based on distributions to stockholders. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Accounting for uncertainty in income taxes establishes for all entities, including
pass-through entities such as the Fund, a minimum threshold for financial statement recognition of the benefit of positions taken in filing tax returns (including whether an entity is taxable in a particular jurisdiction), and requires certain
expanded tax disclosures. In accordance with provisions set forth under U.S. GAAP, the Investment Manager has reviewed the Fund&#146;s tax positions for all open tax years. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">As of June&nbsp;30, 2015, the Fund has recorded no liability for net unrecognized tax
benefits relating to uncertain income tax positions they have taken. The Fund&#146;s federal income tax returns for the prior three years, as applicable, remain subject to examination by the Internal Revenue Service. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(e) Foreign Investment and Exchange Controls in Korea </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Foreign Exchange Transaction Act, the Presidential Decree relating to such Act and the regulations of the Minister of Strategy and Finance (formerly known as
Minister of Finance and Economy) issued thereunder impose certain limitations and controls which generally affect foreign investors in Korea. Through August&nbsp;18, 2005, the Fund had a license from the Ministry of Finance and Economy to invest in
Korean securities and to repatriate income received from dividends and interest earned on, and net realized capital gains from, its investments in Korean securities or to repatriate from </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="69%"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>12</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Annual&nbsp;Report</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">06.30.15</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.</FONT> Notes to Financial Statements
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">June 30, 2015 (continued) </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>1. Organization and Significant Accounting Policies</B> (continued)<B> </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">investment principal up to 10% of the NAV (taken at current value) of the Fund (except
upon termination of the Fund, or for expenses in excess of Fund income, in which case the foregoing restriction shall not apply). Under the Foreign Exchange Transaction Act, the Minister of Strategy and Finance has the power, with prior (posterior
in case of urgency) public notice of scope and duration, to suspend all or a part of foreign exchange transactions when emergency measures are deemed necessary in case of radical change in the international or domestic economic situation. The Fund
could be adversely affected by delays in, or the refusal to grant, any required governmental approval for such transactions. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund relinquished its license from the Korean Ministry of Finance and Economy effective August&nbsp;19, 2005. The Fund had engaged in negotiations with the
Korean Ministry of Finance and Economy concerning the feasibility of the Fund&#146;s license being amended to allow the Fund to repatriate more than 10% of Fund capital. However, the Ministry of Finance and Economy advised the Fund that the license
cannot be amended as a result of a change in the Korean regulations. As a result of the relinquishment of the license, the Fund is subject to the Korean securities transaction tax equal to 0.3% of the fair market value of any portfolio securities
transferred by the Fund on the Korea Exchange and 0.5% of the fair market value of any portfolio securities transferred outside of the Korea Exchange. The relinquishment did not otherwise affect the Fund&#146;s operations. For the year ended
June&nbsp;30, 2015, the Fund incurred $633,915 in transaction taxes in connection with portfolio securities transferred by the Fund on the Korea Exchange. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Certain securities held by the Fund may be subject to aggregate or individual foreign ownership limits. These holdings are in industries that are deemed to be of
national importance. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(f) Dividends and Distributions </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund declares dividends from net investment income and distributions of net realized capital gains, if any, at least annually. The Fund records dividends and
distributions on the ex-dividend date. The amount of dividends from net investment income and distributions from net realized capital gains is determined in accordance with federal income tax regulations, which may differ from U.S. GAAP. These
&#147;book-tax&#148; differences are considered either temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the capital accounts based on their federal income tax treatment;
temporary differences do not require reclassification. To the extent dividends and/or distributions exceed current and accumulated earnings and profits for federal income tax purposes, they are reported as dividends and/or distributions to
stockholders from return of capital. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>(g) Foreign Currency Translation
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund&#146;s accounting records are maintained in U.S. dollars as follows: (1)&nbsp;the foreign currency market values of investments and other
assets and liabilities denominated in foreign currencies are translated at the prevailing exchange rate at the end of the period; and (2)&nbsp;purchases and sales, income and expenses are translated at the prevailing exchange rate on the respective
dates of such transactions. The resulting net foreign currency gain (loss) is included in the Fund&#146;s Statement of Operations. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund does not generally isolate that portion of the results of operations arising as a result of changes in foreign currency exchange rates from the
fluctuations arising from changes in the market prices of securities. Accordingly, such foreign currency gain (loss) is included in net realized and unrealized gain (loss) on investments. However, the Fund does isolate the effect of fluctuations in
foreign currency exchange rates when determining the gain (loss) upon the sale or maturity of foreign currency denominated debt obligations pursuant to U.S. federal income tax regulations; such amount is categorized as foreign currency gain (loss)
for both financial reporting and income tax reporting purposes. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">At
June&nbsp;30, 2015, the Korean WON/U.S. $ exchange rate was WON 1,115.45 to U.S. $1. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="1"><B>(h) Securities Lending </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund may engage in securities lending. The loans are secured by collateral at least
equal, at all times, to the market value of the loaned securities. During the term of the loan, the Fund will continue to receive any dividends or amounts equivalent thereto, on the loaned securities while receiving a fee from the borrower and/or
earning interest on the investment of the cash collateral. Securities lending income is disclosed as such in the Statement of Operations. Income generated from the investment of cash collateral, less negotiated rebate fees paid to borrowers and
transaction costs, is allocated between the Fund and securities lending agent. Cash collateral received for securities on loan is invested in securities identified in the Schedule of Investments and the corresponding liability is recognized as such
in the Statement of Assets and Liabilities. Loans are subject to termination at the option of the borrower or the Fund. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Upon termination of the loan, the borrower will return to the lender securities identical to the loaned securities. The Fund may pay reasonable finders&#146;,
administration and custodial fees in connection with a loan of its securities and may share the interest earned on the collateral with the borrower. The Fund bears the risk of delay in recovery of, or even loss of rights in, the securities loaned
should the borrower of the securities fail financially. The Fund also bears the risk of loss in the event the securities purchased with cash collateral depreciate in value. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD WIDTH="69%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">06.30.15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Annual&nbsp;Report</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>13</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.</FONT> Notes to Financial Statements
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">June 30, 2015 (continued) </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>2. Principal Risks </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">In the normal course of business, the Fund trades financial instruments and enters into financial transactions where risk of potential
loss exists due to, among other things, changes in the market (market risk) or failure of the other party to a transaction to perform (counterparty risk). The Fund is also exposed to other risks such as, but not limited to, foreign currency risk.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">To the extent the Fund directly invests in foreign currencies or in
securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies, it will be subject to the risk that those currencies will decline in value relative to the U.S. dollar, or, in the
case of hedging positions, that the U.S. dollar will decline in value relative to the currency being hedged. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including economic
growth, inflation, changes in interest rates, intervention (or the failure to intervene) by U.S. or foreign governments, central banks or supranational entities such as the International Monetary Fund, or the imposition of currency controls or other
political developments in the United States or abroad. As a result, the Fund&#146;s investments in foreign currency-denominated securities may reduce the returns of the Fund. The local emerging market currencies in which the fund may be invested may
experience substantially greater volatility against the U.S. dollar than the major convertible currencies in developed countries. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund is subject to elements of risk not typically associated with investments in the U.S., due to concentrated investments in foreign issuers located in a
specific country or region. Such concentrations will subject the Fund to additional risks resulting from future political or economic conditions in such country or region and the possible imposition of adverse governmental laws or currency exchange
restrictions affecting such country or region, which could cause the securities and their markets to be less liquid and prices more volatile than those of comparable U.S. companies. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The market values of securities may decline due to general market conditions (market risk) which are not specifically related to a
particular company, such as real or perceived adverse economic conditions, changes in the general outlook for corporate earnings, changes in interest or currency rates, adverse changes to credit markets or adverse investor sentiment. They may also
decline due to factors that affect a particular industry or industries, such as labor shortages or increased production costs and competitive conditions within an industry. Equity securities and equity-related investments generally have greater
market price volatility than fixed income securities, although under certain market conditions fixed income securities may have comparable or greater price volatility. Credit ratings downgrades may also negatively affect securities held by the Fund.
Even when markets perform well, there is no assurance that the investments held by the Fund will increase in value along with the broader market. In addition, market risk includes the risk that geopolitical events will disrupt the economy on a
national or global level. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund is exposed to counterparty risk, or the
risk that an institution or other entity with which the Fund has unsettled or open transactions will default. The potential loss to the Fund could exceed the value of the financial assets recorded in the Fund&#146;s financial statements. Financial
assets, which potentially expose the Fund to counterparty risk, consist principally of cash due from counterparties and investments. The Investment Manager seeks to minimize the Fund&#146;s counterparty risk by performing reviews of each
counterparty and by minimizing concentration of counterparty risk by undertaking transactions with multiple customers and counterparties on recognized and reputable exchanges. Delivery of securities sold is only made once the Fund has received
payment. Payment is made on a purchase once the securities have been delivered by the counterparty. The trade will fail if either party fails to meet its obligation. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>3. Investment Manager/Sub-Administrator </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund has an Investment Management Agreement (the &#147;Management Agreement&#148;) with the Investment Manager. Subject to the supervision of the Fund&#146;s
Board, the Investment Manager is responsible for managing, either directly or through others selected by it, the Fund&#146;s investment activities, business affairs, and other administrative matters. Pursuant to the Management Agreement, the
Investment Manager receives an annual fee, payable monthly, at the annual rate of 0.75% of the value of the Fund&#146;s average daily net assets up to $250 million; 0.725% of the next $250 million of average daily net assets; 0.70% of the next $250
million of average daily net assets; 0.675% of the next $250 million of average daily net assets and 0.65% of average daily net assets in excess of $1 billion. For the year ended June&nbsp;30, 2015, the Fund paid investment management fees at an
effective rate of 0.74% of the Fund&#146;s average daily net assets. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The
Investment Manager has retained its affiliate, Allianz Global Investors Fund Management LLC (the &#147;Sub-Administrator&#148; or &#147;AGIFM&#148;) to provide administrative services to the Fund. The Investment Manager, and not the Fund, pays a
portion of the fee it receives as Investment Manager to the Sub-Administrator in return for its services. The Investment Manager and Sub-Administrator are indirect wholly-owned subsidiaries of Allianz SE, a publicly traded European insurance and
financial services company. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>4. Investments in Securities
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">For the year ended June&nbsp;30, 2015, purchases and sales of investments, other than short-term securities were $174,271,652 and $210,423,070,
respectively. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="69%"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>14</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Annual&nbsp;Report</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">06.30.15</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc.</FONT> Notes to Financial Statements
</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">June 30, 2015 (continued) </FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>5. Income Tax Information </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">No dividends or distributions were paid in the years ended June&nbsp;30, 2015 and
June&nbsp;30, 2014. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">At June&nbsp;30, 2015, the Fund had distributable
earnings of $14,258,948 from long-term capital gains. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">In accordance with
U.S. Treasury regulations, the Fund elected to defer to the following taxable year realized Post-October short-term capital losses of $5,239,145 arising after October&nbsp;31, 2014 and late year ordinary losses of $955,360 related to certain
ordinary losses realized after October&nbsp;31, 2014 and other ordinary losses realized after December&nbsp;31, 2014. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">At June&nbsp;30, 2015, the Fund utilized Post-Enactment short-term capital loss carryforwards of $8,310,626. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">At June&nbsp;30, 2015, permanent &#147;book-tax&#148; differences were primarily
attributable to the differing treatment of foreign currency transactions, gains from the sale of securities formerly classified as Passive Foreign Investment Companies (&#147;PFICs&#148;) and net operating losses. These adjustments were to decrease
dividends in excess of net investment income by $1,336,591, decrease accumulated net realized gain by $769,540 and decrease paid-in-capital in excess of par by $567,051. Net investment loss, net realized gains or losses and net assets were not
affected by these adjustments. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">At June&nbsp;30, 2015, the cost basis of
portfolio securities for federal income tax purposes was $250,308,471. Gross unrealized appreciation was $116,824,402; gross unrealized depreciation was $10,918,785; and net unrealized appreciation was $105,905,617. The difference between book and
tax cost basis was attributable to wash sale loss deferrals. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>6.
Discount Management Program </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund has a share repurchase program under which the Fund repurchases its common stock in the open market on any day
that the Fund&#146;s shares are trading at a discount of 8% or more from NAV the prior day and there is a daily average discount of 8% or more from NAV over the 5-day period ending the prior day. On each day that shares are repurchased, the Fund
repurchases its shares to the maximum extent permitted by law unless the Investment Manager determines that such a repurchase would be detrimental to the Fund and its stockholders. In addition, on a day that shares can be repurchased, in addition to
the limits set forth above, the Fund will repurchase shares only at such times that the market price represents a discount of 8% or more from the Fund&#146;s closing NAV on the prior day. Under the program, the Fund is authorized to repurchase in
each twelve month period ended June&nbsp;30 up to 10% of its common stock outstanding as of June&nbsp;30 the prior year. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">For the year ended June&nbsp;30, 2015, the Fund repurchased 634,859 shares of its common stock on the open market, which represented approximately 8% of the shares
outstanding as of June 30, 2014 at a total cost, inclusive of commissions ($0.03 per share), of $25,782,648 at a per-share weighted average discount to NAV of 9.25%. For the year ended June&nbsp;30, 2014, the Fund repurchased 700,551 shares of its
common stock on the open market, which represented approximately 8% of the shares outstanding as of June 30, 2013 at a total cost, inclusive of commissions ($0.03 per share), of $27,733,354 at a per-share weighted average discount to NAV of 9.38%.
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>7. Fund Ownership </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">At June&nbsp;30, 2015, the City of London Investment Group PLC, Lazard Asset Management LLC, Advance Emerging Capital and 1607 Capital Partners held approximately
29%, 14%, 9% and 7%, respectively, of the Fund&#146;s outstanding shares. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>8. Fund Shares Issued </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">On December&nbsp;22, 2008, the Fund
declared a capital gain distribution of $90.30 per share. The distribution was made in newly issued Fund shares, based on the Fund&#146;s market price per share on January&nbsp;26, 2009 (&#147;Pricing Date&#148;), unless a cash election was made.
The total cash distribution was limited to 20% of the aggregate dollar amount of the total distribution (excluding any cash paid in lieu of fractional shares). On January&nbsp;29, 2009 (the payable date) the Fund issued 8,007,555 shares based on the
market price of $21.99 per share on the Pricing Date. NAV total return for periods that include December 2008 and January 2009 had been calculated assuming that this capital gain distribution was paid entirely in newly issued Fund shares priced at
the Fund&#146;s NAV at the close of business on the Pricing Date. In addition, the Fund adjusted its NAV on December&nbsp;31, 2008 for purposes of calculating performance by using the actual number of shares outstanding on such date (excluding any
estimate of shares to be issued upon reinvestment). </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>9. Subsequent
Events </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">In preparing these financial statements, the Fund&#146;s management has evaluated events and transactions for potential recognition or
disclosure through the date the financial statements were issued. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">There
were no subsequent events that require recognition or disclosure. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD WIDTH="69%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">06.30.15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Annual&nbsp;Report</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>15</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b"><A NAME="toc11785_8"></A>The Korea Fund, Inc.</FONT>
Financial Highlights </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2">For a share of stock outstanding throughout each year: </FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000">&nbsp;<FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000">&nbsp;<FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="26" ALIGN="center" STYLE="BORDER-TOP:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Year ended June&nbsp;30,</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-TOP:1px solid #000000; BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">2015</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">2014</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">2013</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">2012</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">2011</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net asset value, beginning of year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$47.33</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$38.53</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$40.51</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$54.59</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$38.54</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Investment Operations:</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net investment income (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(0.02</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)(1)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(0.14</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)(1)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(0.13</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)(1)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(0.14</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">0.01</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net realized and change in unrealized gain (loss)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(2.84</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">8.56</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(2.26</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(8.72</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">16.29</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Total from investment operations</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(2.86</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">8.42</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(2.39</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(8.86</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">16.30</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Dividends and Distributions to Stockholders from:</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net investment income</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(0.30</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">)&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net realized gains</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(5.45</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Total dividends and distributions to stockholders</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">&#151;</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(5.45</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(0.30</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">)&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Common Stock Transactions:</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Accretion to net asset value resulting from share repurchases</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">0.33</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">0.38</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">0.41</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">0.23</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">0.05</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net asset value, end of year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$44.80</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$47.33</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$38.53</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$40.51</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$54.59</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Market price, end of year</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$40.57</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$42.72</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$34.47</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$36.56</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$49.27</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Total Return:</B>(2)<B></B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net asset value</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(5.35</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">22.84</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(4.89</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(15.25</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">42.52</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Market price</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(5.03</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">23.93</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(5.72</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(15.59</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">42.75</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>RATIOS/SUPPLEMENTAL DATA:</B></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; padding-right:8px"><FONT SIZE="1">&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Net assets, end of year (000s)</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$329,458</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$378,146</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$334,829</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$387,629</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">$549,089</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Ratio of expenses to average net assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1.13</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1.13</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1.14</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1.12</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">1.10</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Ratio of net investment income (loss) to average net assets</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(0.05</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(0.33</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(0.31</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">(0.29</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">)%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">0.02</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Portfolio turnover rate</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">51</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">60</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">35</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">43</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">83</FONT></TD>
<TD NOWRAP VALIGN="bottom" STYLE="BORDER-RIGHT:1px solid #000000; BORDER-BOTTOM:1px solid #000000; padding-right:8px"><FONT STYLE="font-family:ARIAL" SIZE="1">%&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(1)</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Calculated on average shares outstanding during the year. </FONT></TD>
<TD WIDTH="0%"><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="2%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">(2)</FONT></TD>
<TD WIDTH="1%" VALIGN="top"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD ALIGN="left" VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Total return is calculated by subtracting the value of an investment in the Fund at the beginning of the specified year from the value at the end of the year and dividing the
remainder by the value of the investment at the beginning of the year and expressing the result as a percentage. The calculation assumes that all dividends and distributions, if any, have been reinvested. Total return does not reflect broker
commissions or sales charges in connection with the purchase or sale of Fund shares. Total return may reflect adjustments to conform to U.S. GAAP. </FONT></TD>
<TD WIDTH="0%"><FONT SIZE="1">&nbsp;</FONT></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="6%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="66%"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>16</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Annual&nbsp;Report</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center"><FONT STYLE="font-family:ARIAL" SIZE="1">06.30.15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1"><B>See&nbsp;accompanying&nbsp;Notes&nbsp;to&nbsp;Financial&nbsp;Statements</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b"><A NAME="toc11785_9"></A>The Korea Fund, Inc.</FONT>
Report of Independent Registered Public Accounting Firm </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>To the Board
of Directors and Stockholders of The Korea Fund, Inc.: </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">In our opinion, the accompanying statement of assets and liabilities, including the schedule
of investments, and the related statements of operations and of changes in net assets and the financial highlights present fairly, in all material respects, the financial position of The Korea Fund, Inc. (the &#147;Fund&#148;) at June&nbsp;30, 2015,
the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended and the financial highlights for each of the five years in the period then ended, in conformity with accounting
principles generally accepted in the United States of America. These financial statements and financial highlights (hereafter referred to as &#147;financial statements&#148;) are the responsibility of the Fund&#146;s management; our responsibility
is to express an opinion on these financial statements based on our audit. We conducted our audit of these financial statements in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards
require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the
financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. We believe that our audit, which included confirmation of securities at
June&nbsp;30, 2015 by correspondence with the custodian and brokers, provides a reasonable basis for our&nbsp;opinion. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">PricewaterhouseCoopers LLP </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Kansas City, Missouri </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">August&nbsp;24, 2015 </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD WIDTH="69%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">06.30.15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Annual&nbsp;Report</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>17</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b"><A NAME="toc11785_10"></A>The Korea Fund, Inc. </FONT>Tax
Information/Stockholder Meeting Results/ </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:18%"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Proxy Voting Policies&nbsp;&amp; Procedures </B></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2">(unaudited)</FONT><FONT STYLE="font-family:ARIAL" SIZE="2"><B> </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Tax Information: </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Subchapter M of
the Internal Revenue Code of 1986, as amended, requires the Fund to advise stockholders as to the federal tax status of dividends and distributions received by stockholders during such tax year. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Foreign Tax Credit.</B> The Fund has elected to pass-through the credit for the
taxes paid to foreign countries. The gross foreign income dividend and foreign tax per share paid during the fiscal year ended June&nbsp;30, 2015 is $0.548503 and $0.093209, respectively. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT
SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Since the Fund&#146;s tax year is not the calendar year, another notification will be sent with respect to calendar year 2015. In January
2016, stockholders will be advised on IRS Form 1099-DIV as to the federal tax status of the dividends and distributions received during calendar year 2015. The amount that will be reported will be the amount to use on the stockholder&#146;s 2015
federal income tax return and may differ from the amount which must be reported in connection with the Fund&#146;s tax year ended June&nbsp;30, 2015. Stockholders are advised to consult their tax advisers as to the federal, state and local tax
status of the dividend income received from the Fund. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="line-height:1px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Stockholder Meeting Results: </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund held its annual meeting of stockholders on October&nbsp;30, 2014.
Stockholders voted as indicated below: </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="72%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000">&nbsp;<FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Affirmative</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Against</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1">Abstain</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD></TR>


<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Re-election of Christopher B. Brader &#151; Class II to serve until 2017</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">6,505,432</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">178,546</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">76,559</FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">&nbsp;&nbsp;</FONT></TD></TR>
</TABLE> <P STYLE="line-height:8px;margin-top:0px;margin-bottom:2px;border-bottom:0.5pt solid #000000;width:10%">&nbsp;</P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Ms.&nbsp;Marran&nbsp;H. Ogilvie and Messrs. Joseph T. Grause, Jr., Julian Reid and Richard A. Silver continue to serve as Directors of the Fund. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="line-height:1px;margin-top:0px;margin-bottom:2px;border-bottom:1pt solid #000000">&nbsp;</P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Proxy Voting Policies&nbsp;&amp; Procedures: </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">A description of the policies and procedures that the Fund has adopted to determine
how to vote proxies relating to portfolio securities and information about how the Fund voted proxies relating to portfolio securities held during the most recent twelve month period ended June&nbsp;30 is available (i)&nbsp;without charge, upon
request, by calling the Fund&#146;s stockholder servicing agent at (800)&nbsp;254-5197; (ii)&nbsp;on the Fund&#146;s website at www.thekoreafund.com; and (iii)&nbsp;on the Securities and Exchange Commission website at www.sec.gov. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="69%"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>18</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Annual&nbsp;Report</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">06.30.15</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b"><A NAME="toc11785_11"></A>The Korea Fund, Inc.</FONT>
Privacy Policy </B></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">(unaudited)</FONT><FONT STYLE="font-family:ARIAL" SIZE="2"><B> </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Please read this Policy carefully. It gives you important information about how Allianz
Global Investors U.S. and its U.S. affiliates (&#147;AllianzGI US,&#148; &#147;we&#148; or &#147;us&#148;) handle non-public personal information (&#147;Personal Information&#148;) that we may receive about you. It applies to all of our past,
present and future clients and stockholders of AllianzGI US and the funds and accounts it manages, advises, sub-advises, administers or distributes, and will continue to apply when you are no longer a client or stockholder. As used throughout this
Policy, &#147;AllianzGI US&#148; means Allianz Global Investors U.S. LLC, Allianz Global Investors Fund Management LLC, Allianz Global Investors Distributors LLC, NFJ Investment Group LLC and the family of registered and unregistered funds managed
by one or more of these firms. AllianzGI US is part of a global investment management group, and the privacy policies of other Allianz Global Investors entities outside of the United States may have provisions in their policies that differ from this
Privacy Policy. Please refer to the website of the specific non-US Allianz Global Investors entity for its policy on privacy. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>We Care about Your Privacy </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">We consider your privacy to be a
fundamental aspect of our relationship with you, and we strive to maintain the confidentiality, integrity and security of your Personal Information. To ensure your privacy, we have developed policies that are designed to protect your Personal
Information while allowing your needs to be served. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Information We May
Collect </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">In the course of providing you with products and services, we may obtain Personal Information about you, which may come from sources such as
account application and other forms, from other written, electronic, or verbal communications, from account transactions, from a brokerage or financial advisory firm, financial advisor or consultant, and/or from information you provide on our
website. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">You are not required to supply any of the Personal Information
that we may request. However, failure to do so may result in us being unable to open and maintain your account, or to provide services to you. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>How Your Information Is Shared </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">We do not disclose your
Personal Information to anyone for marketing purposes. We disclose your Personal Information only to those service providers, affiliated and non-affiliated, who need the information for everyday business purposes, such as to respond to your
inquiries, to perform services, and/or to service and maintain your account. This applies to all of the categories of Personal Information we collect about you. The affiliated and non-affiliated service providers who receive your Personal
Information also may use it to process your transactions, provide you with materials (including preparing and mailing prospectuses and stockholder reports and gathering stockholder proxies), and provide you with account statements and other
materials relating to your account. These service providers provide services at our direction, and under their agreements with us, are required to keep your Personal Information confidential and to use it only for providing the contractually
required services. Our service providers may not use your Personal Information to market products and services to you except in conformance with applicable laws and regulations. We also may provide your Personal Information to your respective
brokerage or financial advisory firm, custodian, and/or to your financial advisor or consultant. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="1">In addition, we reserve the right to disclose or report Personal Information to non-affiliated third parties, in limited circumstances, where we believe in good faith that disclosure is required under law, to
cooperate with regulators or law enforcement authorities or pursuant to other legal process, or to protect our rights or property, including to enforce our Privacy Policy or other agreements with you. Personal Information collected by us may also be
transferred as part of a corporate sale, restructuring, bankruptcy, or other transfer of assets. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="1"><B>Security of Your Information </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">We maintain your Personal Information for as long as necessary for legitimate
business purposes or otherwise as required by law. In maintaining this information, we have implemented appropriate procedures that are designed to restrict access to your Personal Information only to those who need to know that information in order
to provide products and/or services to you. In addition, we have implemented physical, electronic and procedural safeguards to help protect your Personal Information. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Privacy and the Internet </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Personal Information that you provide through our website, as applicable, is handled in the same way as the Personal Information that you provide by any other
means, as described above. This section of the Policy gives you additional information about the way in which Personal Information that is obtained online is handled. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Online Enrollment, Account Access and Transactions:</B> When you visit our website, you can visit pages that are open to the general public, or, where
available, log into protected pages to enroll online, access information about your account, or conduct certain transactions. Access to the secure pages of our website is permitted only after you have created a User ID and Password. The User ID and
Password must be supplied each time you want to access your account information online. This information serves to verify your identity. When you enter Personal Information into our website (including your Social Security Number or Taxpayer
</FONT></P></TD></TR></TABLE>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD WIDTH="69%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">06.30.15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Annual&nbsp;Report</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>19</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc. </FONT>Privacy Policy</B></FONT><FONT
STYLE="font-family:ARIAL" SIZE="2"> (unaudited)</FONT><FONT STYLE="font-family:ARIAL" SIZE="2"><B> </B></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">(continued)</FONT><FONT STYLE="font-family:ARIAL" SIZE="2"><B> </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="6%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Identification Number and your password) to enroll or access your account online, you will log into secure pages. By using our website, you consent to this Privacy Policy and to the use of
your Personal Information in accordance with the practices described in this Policy. If you provide Personal Information to effect transactions on our website, a record of the transactions you have performed while on the site is retained by us. For
additional terms and conditions governing your use of our website, please refer to the Investor Mutual Fund Access &#150; Disclaimer which is incorporated herein by reference and is available on our website. </FONT></TD></TR></TABLE>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD WIDTH="1%" VALIGN="top" ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1">&#149;</FONT></TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Cookies and Similar Technologies:</B> Cookies are small text files stored in your computer&#146;s hard drive when you visit certain web pages. Cookies and
similar technologies help us to provide customized services and information. We use these technologies on our website to improve our website and services, including to evaluate the effectiveness of our site, and to enhance the site user experience.
Because an industry-standard Do-Not-Track protocol is not yet established, our website will continue to operate as described in this Privacy Policy and will not be affected by any Do-Not-Track signals from any browser. </FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Changes to Our Privacy Policy </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">We may modify this Privacy Policy from time-to-time to reflect changes in related practices and procedures, or applicable laws and regulations. If we make changes,
we will notify you on our website and the revised Policy will become effective immediately upon posting to our website. We also will provide account owners with a copy of our Privacy Policy annually. We encourage you to visit our website
periodically to remain up to date on our Privacy Policy. You acknowledge that by using our website after we have posted changes to this Privacy Policy, you are agreeing to the terms of the Privacy Policy as modified. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Obtaining Additional Information </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">If you have any questions about this Privacy Policy or our privacy related practices in the United States, you may contact us via our dedicated email at
PrivacyUS@allianzgi.com. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="69%"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>20</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Annual&nbsp;Report</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">06.30.15</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b"><A NAME="toc11785_12"></A>The Korea Fund, Inc.</FONT>
Dividend Reinvestment and Cash Purchase Plan </B></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">(unaudited)</FONT><FONT STYLE="font-family:ARIAL" SIZE="2"><B> </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund has adopted a Dividend Reinvestment Plan (the &#147;Plan&#148;) which allows
common stockholders to reinvest Fund distributions in additional common shares of the Fund. American Stock Transfer&nbsp;&amp; Trust Company, LLC (the &#147;Plan Agent&#148;) serves as agent for common stockholders in administering the Plan.
Participants in the Plan have the option of making additional cash payments to the Plan Agent, semi-annually, in any amount from $100 to $3,000, for investment in the Fund&#146;s shares. The Plan Agent will use all such cash payments received from
participants to purchase Fund shares on the open market on or shortly after the 15th of February and August of each year, and in no event more than 45 days after such dates except where temporary curtailment or suspension of purchases is necessary
to comply with applicable provisions of federal securities law. Any voluntary cash payments received more than 30 days prior to the 15th of February or August will be returned by the Plan Agent. Participants may withdraw their entire voluntary cash
payment by written notice received by the Plan Agent not less than 48 hours before such payment is to be invested. It is important to note that participation in the Plan and automatic reinvestment of Fund distributions does not ensure a profit, nor
does it protect against losses in a declining market. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Automatic
enrollment/voluntary participation. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Under the Plan, common stockholders whose shares are registered with the Plan Agent (&#147;registered
stockholders&#148;) are automatically enrolled as participants in the Plan and will have all Fund distributions of income, capital gains and returns of capital (together, &#147;distributions&#148;) reinvested by the Plan Agent in additional common
shares of the Fund, unless the stockholder elects to receive cash. Registered stockholders who elect not to participate in the Plan will receive all distributions in cash paid by check and mailed directly to the stockholder of record (or if the
shares are held in street or other nominee name, to the nominee) by the Plan Agent. Participation in the Plan is voluntary. Participants may terminate or resume their enrollment in the Plan at any time without penalty by notifying the Plan Agent
online at www.amstock.com, by calling (800)&nbsp;254-5197, by writing to the Plan Agent, American Stock Transfer&nbsp;&amp; Trust Company, LLC, at P.O. Box 922, Wall Street Station, New York, NY 10269-0560, or, as applicable, by completing and
returning the transaction form attached to the Plan statement. A proper notification will be effective immediately and apply to the Fund&#146;s next distribution if received by the Plan Agent at least three (3)&nbsp;days prior to the record date for
the distribution; otherwise, a notification will be effective shortly following the Fund&#146;s next distribution and will apply to the Fund&#146;s next succeeding distribution thereafter. If you withdraw from the Plan and so request, the Plan Agent
will arrange for the sale of your shares and send you the proceeds, minus a transaction fee and brokerage commissions. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>How shares are purchased under the Plan. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">For each Fund
distribution, the Plan Agent will acquire common shares for participants either (i)&nbsp;through receipt of newly issued common shares from the Fund (&#147;newly issued shares&#148;) or (ii)&nbsp;by purchasing common shares of the Fund on the open
market (&#147;open market purchases&#148;). If, on a distribution payment date, the net asset value per common share of the Fund (&#147;NAV&#148;) is equal to or less than the market price per common share plus estimated brokerage commissions (often
referred to as a &#147;market premium&#148;), the Plan Agent will invest the distribution amount on behalf of participants in newly issued shares at a price equal to the greater of (i)&nbsp;NAV or (ii)&nbsp;95% of the market price per common share
on the payment date. If the NAV is greater than the market price per common share plus estimated brokerage commissions (often referred to as a &#147;market discount&#148;) on a distribution payment date, the Plan Agent will instead attempt to invest
the distribution amount through open market purchases. If the Plan Agent is unable to invest the full distribution amount in open market purchases, or if the market discount shifts to a market premium during the purchase period, the Plan Agent will
invest any un-invested portion of the distribution in newly issued shares at a price equal to the greater of (i)&nbsp;NAV or (ii)&nbsp;95% of the market price per share as of the last business day immediately prior to the purchase date (which, in
either case, may be a price greater or lesser than the NAV per common shares on the distribution payment date). No interest will be paid on distributions awaiting reinvestment. Under the Plan, the market price of common shares on a particular date
is the last sales price on the exchange where the shares are listed on that date or, if there is no sale on the exchange on that date, the mean between the closing bid and asked quotations for the shares on the exchange on that date. The NAV per
common share on a particular date is the amount calculated on that date (normally at the close of regular trading on the New York Stock Exchange) in accordance with the Fund&#146;s then current policies. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Fees and expenses. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="1">No brokerage charges are imposed on reinvestments in newly issued shares under the Plan. However, all participants will pay a pro rata share of brokerage commissions incurred by the Plan Agent when it makes open
market purchases. There are currently no direct service charges imposed on participants in the Plan, although the Fund reserves the right to amend the Plan to include such charges. The Plan Agent imposes a transaction fee (in addition to brokerage
commissions that are incurred) if it arranges for the sale of your common shares held under the Plan. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="1"><B>Shares held through nominees. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">In the case of a registered stockholder such as a broker, bank or other nominee
(together, a &#147;nominee&#148;) that holds common shares for others who are the beneficial owners, the Plan Agent will administer the Plan on the basis of the number of common shares certified by the nominee/record stockholder as representing the
total amount registered in such stockholder&#146;s name and held for the account of beneficial owners who are to participate in the Plan. If your common shares are held through a nominee and are not registered with the Plan Agent, neither you nor
the nominee </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD WIDTH="69%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">06.30.15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Annual&nbsp;Report</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>21</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b">The Korea Fund, Inc. </FONT>Dividend Reinvestment and Cash
Purchase Plan </B></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">(unaudited)</FONT><FONT STYLE="font-family:ARIAL" SIZE="2"><B> </B></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">(continued)</FONT><FONT STYLE="font-family:ARIAL" SIZE="2"><B>
</B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">will be participants in or have distributions reinvested under the
Plan. If you are a beneficial owner of common shares and wish to participate in the Plan, and your nominee is unable or unwilling to become a registered stockholder and a Plan participant on your behalf, you may request that your nominee arrange to
have all or a portion of your shares re-registered with the Plan Agent in your name so that you may be enrolled as a participant in the Plan. Please contact your nominee for details or for other possible alternatives. Participants whose shares are
registered with the Plan Agent in the name of one nominee firm may not be able to transfer the shares to another firm and continue to participate in the Plan. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Tax consequences. </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Automatically reinvested dividends and
distributions are taxed in the same manner as cash dividends and distributions&nbsp;&#151;&nbsp;i.e., automatic reinvestment in additional shares does not relieve stockholders of, or defer the need to pay, any income tax that may be payable (or that
is required to be withheld) on Fund dividends and distributions. The Fund and the Plan Agent reserve the right to amend or terminate the Plan. Additional information about the Plan, as well as a copy of the full Plan itself, may be obtained from the
Plan Agent, American Stock Transfer&nbsp;&amp; Trust Company, LLC, at P.O. Box 922, Wall Street Station, New York, NY 10269-0560; telephone number: (800)&nbsp;254-5197; website: www.amstock.com. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="69%"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>22</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Annual&nbsp;Report</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">06.30.15</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b"><A NAME="toc11785_13"></A>The Korea Fund, Inc.</FONT>
Board of Directors </B></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">(unaudited)</FONT><FONT STYLE="font-family:ARIAL" SIZE="2"><B> </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="45%"></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Name, Year of Birth, Position(s) Held with Fund,<BR></B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Length of Service, Other Trusteeships/<BR>Directorships Held by Director; Number of<BR>Portfolios in Fund Complex/Outside Fund<BR>Complexes Currently Overseen by
Director</B></FONT></P></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Principal Occupation(s) During Past 5 Years:</B></FONT></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8" COLSPAN="3"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top" COLSPAN="3"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>The address of each director is 1633 Broadway, New York, NY 10019.</I></FONT></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I></I><B>Julian Reid</B><I></I></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Year of Birth: 1944</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT
STYLE="font-family:ARIAL" SIZE="1"><I>Chairman of the Board of Directors since: 2005</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Director since:
2004</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Director of 1 fund in the Fund Complex;</I></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Director of JP Morgan China Region Fund, Inc. outside of</I></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>the Fund Complex</I></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Director and Chairman of JM Properties Ltd. (since 2012); Director of JP Morgan China Region Fund, Inc. (since 1997); Director and Chairman of Prosperity Voskhod Fund Ltd. (since 2006);
Director and Chairman of 3a Funds Group (since 1998).</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I></I><B>Christopher B. Brader</B><I></I></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Year of Birth: 1950</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT
STYLE="font-family:ARIAL" SIZE="1"><I>Director since: 2012</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Director of 1 fund in the Fund
Complex</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Director of LIM Japan Fund outside of the Fund Complex</I></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Director of Long Investment Management International Limited (since March 2015). Director of LIM Japan Fund (since March 2012). Formerly, Investment Manager of Advance Emerging Capital Ltd.
(2009-2011); Formerly, Director of Winchester House Club Ltd. (2010-2012); and Formerly, Director of Romanian Investment Fund (2000-2012).</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I></I><B>Joseph T. Grause, Jr.</B><I></I></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Year of Birth: 1952</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT
STYLE="font-family:ARIAL" SIZE="1"><I>Director since: 2012</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Director of 1 fund in the Fund
Complex</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Independent Trustee of the Advisors&#146; Inner Circle, Advisors&#146; Inner Circle II, Bishop Street and KP Funds outside of the Fund
Complex</I></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Self Employed Consultant (since January 2012); Former, Director of Endowments and Foundations, Morningstar, Inc. (February 2010 to May 2011) and Director of International Consulting and Chief
Executive Officer of Morningstar Associates Europe Limited, Morningstar, Inc. (May 2007 to February&nbsp;2010).</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR BGCOLOR="#cceeff">
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I></I><B>Marran H. Ogilvie</B><I></I></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Year of Birth: 1968</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT
STYLE="font-family:ARIAL" SIZE="1"><I>Director since: 2012</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Director of LSB Industries, Inc., Director of Seventy-Seven Energy and Director of Zais
Financial Corporation</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Director of 1 fund in the Fund Complex</I></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Director of no funds outside of the Fund Complex</I></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT STYLE="font-family:ARIAL" SIZE="1">Director, LSB Industries, Inc. (since 2015); Director, Seventy Seven Energy (since 2014); Director, Zais Financial Corporation (since 2013); and
Consultant and Advisor of Lehman Brothers International (Europe) Administration (since 2010). Formerly, Chief of Staff of Cowen Group, Inc. (2009-2010).</FONT></P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I></I><B>Richard A. Silver</B><I></I></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Year of Birth: 1947</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT
STYLE="font-family:ARIAL" SIZE="1"><I>Director since: 2006</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Director of 1 fund in the Fund
Complex</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Director of no funds outside of the Fund Complex</I></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Former Manager of Silver Oak Land Trusts I, II, III, IV, V and VII, LLCs. Formerly, Executive Vice President, Fidelity Investments.</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">The Fund holds annual stockholder meetings for the
purpose of electing Directors, and Directors are elected for fixed terms. The Board of Directors is currently divided into three classes, each having a term of three years. </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Each year the term of one class expires. Each Director&#146;s term of office expires
on the date of the third annual meeting following election to office of the Director&#146;s class. Each Director will serve until next elected or his or her earlier death, resignation, retirement or removal or if not re-elected, until his or her
successor is elected and has qualified. </FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD WIDTH="69%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">06.30.15</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="1">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Annual&nbsp;Report</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;</B></FONT></TD>
<TD VALIGN="bottom" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>23</B></FONT></TD>
<TD NOWRAP VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>&nbsp;&nbsp;</B></FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B><FONT STYLE="font-family:ARIAL" SIZE="2" COLOR="#32406b"><A NAME="toc11785_14"></A>The Korea Fund, Inc. </FONT>Fund
Officers </B></FONT><FONT STYLE="font-family:ARIAL" SIZE="2">(unaudited)</FONT><FONT STYLE="font-family:ARIAL" SIZE="2"><B> </B></FONT></P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="46%"></TD></TR>
<TR>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Name, Year of Birth, Position(s) Held with the Fund.</B></FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom" STYLE="BORDER-BOTTOM:1px solid #000000"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Principal Occupation(s) During Past 5 Years:</B></FONT></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I></I><B>Joseph Quirk</B><I></I></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Year of Birth: 1970</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT
STYLE="font-family:ARIAL" SIZE="1"><I>President&nbsp;&amp; Chief Executive Officer since: 2014</I></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Managing Director and Head of Fund Operations of Allianz Global Investors U.S. Holdings LLC since 2008; Chief Operating Officer of Allianz Global Investors Distributors LLC since 2013;
President and Chief Executive Officer of 2 funds in the Fund Complex.</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I></I><B>Lawrence G. Altadonna</B><I></I></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Year of Birth: 1966</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT
STYLE="font-family:ARIAL" SIZE="1"><I>Treasurer, Principal Financial and Accounting Officer</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>since:
2013</I></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Director, Director of Fund Administration of Allianz Global Investors Fund Management LLC; Treasurer, Principal Financial and Accounting Officer of 68 funds in the Fund Complex and of The
Korea Fund, Inc. Formerly, Assistant Treasurer of numerous funds in the Fund Complex (2005-2010).</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I></I><B>Thomas J. Fuccillo</B><I></I></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Year of Birth: 1968</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT
STYLE="font-family:ARIAL" SIZE="1"><I>Secretary &amp; Chief Legal Officer since: 2007</I></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Managing Director, Chief Legal Officer and Secretary of Allianz Global Investors Fund Management LLC and Allianz Global Investors Distributors LLC; Managing Director and Chief Regulatory
Counsel of Allianz Global Investors U.S. Holdings LLC; Vice President, Secretary and Chief Legal Officer of 68 funds in the Fund Complex; and Secretary and Chief Legal Officer of The Korea Fund, Inc.</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I></I><B>Richard J. Cochran</B><I></I></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Year of Birth: 1961</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT
STYLE="font-family:ARIAL" SIZE="1"><I>Assistant Treasurer since: 2009</I></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Vice President of Allianz Global Investors Fund Management LLC; Assistant Treasurer of 68 funds in the Fund Complex and of The Korea Fund, Inc.</FONT></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I></I><B>Thomas L. Harter</B><I></I></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Year of Birth: 1975</I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT
STYLE="font-family:ARIAL" SIZE="1"><I>Chief Compliance Officer since: 2013</I></FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top"><FONT STYLE="font-family:ARIAL" SIZE="1">Director of Allianz Global Investors U.S. Holdings LLC; Chief Compliance Officer of Allianz Global Investors Fund Management LLC; Chief Compliance Officer of 68 funds in the Fund Complex and
of The Korea Fund, Inc. Formerly, Vice President and Compliance Manager (2005-2012).</FONT></TD></TR>
</TABLE> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Officers hold office at the pleasure of the Board
and until their successors are appointed and qualified or until their earlier resignation or removal. </I></FONT></P>
 <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE">

<TR>
<TD></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="24%"></TD>
<TD VALIGN="bottom"></TD>
<TD WIDTH="69%"></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>24</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" NOWRAP ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">The&nbsp;Korea&nbsp;Fund,&nbsp;Inc.&nbsp;Annual&nbsp;Report</FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="1">06.30.15</FONT></TD></TR></TABLE>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE" ALIGN="center">


<TR>
<TD WIDTH="51%"></TD>
<TD VALIGN="bottom" WIDTH="3%"></TD>
<TD WIDTH="46%"></TD></TR>
<TR>
<TD VALIGN="bottom" NOWRAP><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Directors</B></FONT></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Officers</B></FONT></TD></TR>


<TR>
<TD VALIGN="top"> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Julian Reid<BR>Chairman of the Board of Directors</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Joseph Quirk<BR>President &amp; Chief Executive Officer</FONT></P></TD></TR>
<TR>
<TD VALIGN="top" ROWSPAN="2"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Christopher B. Brader</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Joseph T. Grause, Jr.</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:1.00em; text-indent:-1.00em"><FONT
STYLE="font-family:ARIAL" SIZE="1">Marran H. Ogilvie</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px; margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Richard A. Silver</FONT></P></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Lawrence G. Altadonna<BR>Treasurer, Principal Financial &amp; Accounting Officer</FONT></P></TD></TR>
<TR>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Thomas J. Fuccillo<BR>Secretary &amp; Chief Legal Officer</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Richard J. Cochran<BR>Assistant Treasurer</FONT></P></TD></TR>
<TR>
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT SIZE="1">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-left:1.00em; text-indent:-1.00em"><FONT STYLE="font-family:ARIAL" SIZE="1">Thomas L. Harter<BR>Chief Compliance Officer</FONT></P></TD></TR></TABLE>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Investment Manager/Administrator </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Allianz Global Investors U.S. LLC </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">1633 Broadway </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">New York, NY 10019 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="2"><B>Sub-Administrator </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Allianz Global Investors Fund Management LLC </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">1633 Broadway </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">New York, NY 10019 </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Custodian&nbsp;&amp; Accounting Agent </B></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">State Street Bank&nbsp;&amp; Trust Co. </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">801 Pennsylvania Avenue
</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Kansas City, MO 64105-1307 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Transfer Agent, Dividend Paying Agent and Registrar </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">American
Stock Transfer&nbsp;&amp; Trust Company, LLC </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">6201 15th Avenue </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="1">Brooklyn, NY 11219 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Independent
Registered Public Accounting Firm </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">PricewaterhouseCoopers LLP </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="1">1100 Walnut, Suite 1300 </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Kansas City, MO 64106 </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="2"><B>Legal Counsel </B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="1">Ropes&nbsp;&amp; Gray LLP </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Prudential Tower </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT
STYLE="font-family:ARIAL" SIZE="1">800 Boylston Street </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">Boston, MA 02199 </FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>This report, including the financial information herein, is transmitted to the
stockholders of The Korea Fund, Inc. for their information. It is not a prospectus, circular or representation intended for use in the purchase of shares of the Fund or any securities mentioned in this report. </I></FONT></P>
<P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>Notice is hereby given in accordance with Section 23(c) of the Investment Company
Act of 1940, as amended, that from time to time the Fund may purchase shares of its common stock in the open market. </I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><I>The Fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (&#147;SEC&#148;) for the first and third quarters of its
fiscal year on Form N-Q. The Fund&#146;s Form N-Q is available on the SEC&#146;s website at www.sec.gov and may be reviewed and copied at the SEC&#146;s Public Reference Room in Washington, D.C. Information on the operation of the Public Reference
Room may be obtained by calling (800) SEC-0330. The information on Form N-Q is also available on the Fund&#146;s website at www.thekoreafund.com. </I></FONT></P> <P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P>
<P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1"><B>Information on the Fund is available at www.thekoreafund.com or by calling the Fund&#146;s stockholder servicing agent at (800) 254-5197. </B></FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px">


<IMG SRC="g11785logo_03kor.jpg" ALT="LOGO">
 </P> <p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT STYLE="font-family:ARIAL" SIZE="1">AZ612AR_063015 </FONT></P>
<p STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT STYLE="font-family:ARIAL" SIZE="1">AGI-2015-07-02-12641 </FONT></P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left">ITEM&nbsp;2.</TD>
<TD ALIGN="left" VALIGN="top">CODE OF ETHICS </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">As of the end of the period covered by this report, the registrant has adopted a code of ethics (the &#147;Section 406 Standards for Investment Companies &#151; Ethical Standards for Principal Executive and Financial
Officers&#148;) that applies to the registrant&#146;s Principal Executive Officer and Principal Financial Officer; the registrant&#146;s Principal Financial Officer also serves as the Principal Accounting Officer. The registrant undertakes to
provide a copy of such code of ethics to any person upon request, without charge, by calling 1-800-254-5197. The code of ethics is included as an Exhibit 99.CODEETH hereto. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">During the period covered by this report, there were not any amendments to a provision of the code of ethics adopted in 2(a) above. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">During the period covered by this report, there were not any waivers or implicit waivers to a provision of the code of ethics adopted in 2(a) above. </TD></TR></TABLE>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left">ITEM&nbsp;3.</TD>
<TD ALIGN="left" VALIGN="top">AUDIT COMMITTEE FINANCIAL EXPERT </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The registrant&#146;s Board has determined that Mr.&nbsp;Richard&nbsp;A.
Silver member of the Board&#146;s Audit Oversight Committee are &#147;audit committee financial expert,&#148; and that they are &#147;independent,&#148; for purposes of this Item </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left">ITEM&nbsp;4.</TD>
<TD ALIGN="left" VALIGN="top">PRINCIPAL ACCOUNTANT FEES AND SERVICES </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">a)</TD>
<TD ALIGN="left" VALIGN="top">Audit fees. The aggregate fees billed for each of the last two fiscal years (the &#147;Reporting Periods&#148;) for professional services rendered by the Registrant&#146;s principal accountant (the &#147;Auditor&#148;)
for the audit of the Registrant&#146;s annual financial statements, or services that are normally provided by the Auditor in connection with the statutory and regulatory filings or engagements for the Reporting Periods, were $93,800 in 2014 and
$92,285 in 2015. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">b)</TD>
<TD ALIGN="left" VALIGN="top">Audit-Related Fees. The aggregate fees billed in the Reporting Periods for assurance and related services by the principal accountant that are reasonably related to the performance of the audit registrant&#146;s
financial statements and are not reported under paragraph (e)&nbsp;of this Item were $0 in 2014 and $0 in 2015. These services may consist of accounting consultations, agreed upon procedure reports, attestation reports and comfort letters.
</TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">c)</TD>
<TD ALIGN="left" VALIGN="top">Tax Fees. The aggregate fees billed in the Reporting Periods for professional services rendered by the Auditor for tax compliance, tax service and tax planning (&#147;Tax Services&#148;) were $15,300 in 2014 and $15,300
in 2015. These services consisted of review or preparation of U.S. federal, state, local and excise tax returns and calculation of excise tax distributions. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">d)</TD>
<TD ALIGN="left" VALIGN="top">All Other Fees. There were no other fees billed in the Reporting Periods for products and services provided by the Auditor to the Registrant. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">e)</TD>
<TD ALIGN="left" VALIGN="top">1. Audit Committee Pre-Approval Policies and Procedures. The Registrant&#146;s Audit Committee has established policies and procedures for pre-approval of all audit and permissible non-audit services by the Auditor for
the Registrant, as well as the Auditor&#146;s engagements related directly to the operations and financial reporting of the Registrant. The Registrant&#146;s policy is stated below. </TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">The Korea Fund, Inc. (the &#147;Fund&#148;) </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">AUDIT OVERSIGHT COMMITTEE POLICY FOR PRE-APPROVAL OF SERVICES PROVIDED BY THE INDEPENDENT ACCOUNTANTS </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Fund&#146;s Audit Oversight Committee (&#147;Committee&#148;) is charged with the oversight of the Fund&#146;s financial reporting policies and practices
and their internal controls. As part of this responsibility, the Committee must pre-approve any independent accounting firm&#146;s engagement to render audit and/or permissible non-audit services, as required by law. In evaluating a proposed
engagement by the independent accountants, the Committee will assess the effect that the engagement might reasonably be expected to have on the accountant&#146;s independence. The Committee&#146;s evaluation will be based on: </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">a review of the nature of the professional services expected to provided, </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">the fees to be charged in connection with the services expected to be provided, </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">a review of the safeguards put into place by the accounting firm to safeguard independence, and </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; margin-left:13%; font-size:10pt; font-family:Times New Roman">periodic meetings with the accounting firm. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">POLICY FOR AUDIT AND NON-AUDIT SERVICES TO BE PROVIDED TO THE FUND </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On an annual basis, the Fund&#146;s Committee will review and pre-approve the scope of the audit of the Fund and proposed audit fees and permitted non-audit
(including audit-related) services that may be performed by the Fund&#146;s independent accountants. At least annually, the Committee will receive a report of all audit and non-audit services that were rendered in the previous calendar year pursuant
to this Policy. In addition to the Committee&#146;s pre-approval of services pursuant to this Policy, the engagement of the independent accounting firm for any permitted non-audit service provided to the Fund will also require the separate written
pre-approval of the President of the Fund, who will confirm, independently, that the accounting firm&#146;s engagement will not adversely affect the firm&#146;s independence. All non-audit services performed by the independent accounting firm will
be disclosed, as required, in filings with the Securities and Exchange Commission. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">AUDIT SERVICES </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The categories of audit services and related fees to be reviewed and pre-approved annually by the Committee are: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Annual Fund financial statement audits </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Seed audits (related to
new product filings, as required) </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">SEC and regulatory filings and consents </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">AUDIT-RELATED SERVICES </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following categories of
audit-related services are considered to be consistent with the role of the Fund&#146;s independent accountants and services falling under one of these categories will be pre-approved by the Committee on an annual basis if the Committee deems those
services to be consistent with the accounting firm&#146;s independence: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Accounting consultations </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fund merger support services </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Agreed upon procedure reports </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Other attestation reports </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Comfort letters </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Other internal control reports </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Individual audit-related
services that fall within one of these categories and are not presented to the Committee as part of the annual pre-approval process described above, may be pre-approved, if deemed consistent with the accounting firm&#146;s independence, by the
Committee Chair (or any other Committee member who is a disinterested trustee under the Investment Company Act to whom this responsibility has been delegated) so long as the estimated fee for those services does not exceed $150,000. Any such
pre-approval shall be reported to the full Committee at its next regularly scheduled meeting. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">TAX SERVICES </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The following categories of tax services are considered to be consistent with the role of the Fund&#146;s independent accountants and services falling under
one of these categories will be pre-approved by the Committee on an annual basis if the Committee deems those services to be consistent with the accounting firm&#146;s independence: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Tax compliance services related to the filing or amendment of the following: </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Federal, state and local income tax compliance; and, sales and use tax compliance </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Timely RIC qualification reviews </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Tax distribution analysis and
planning </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Tax authority examination services </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Tax appeals
support services </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Accounting methods studies </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Fund merger
support service </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Other tax consulting services and related projects </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Individual tax services that fall within one of these categories and are not presented to the Committee as part of the annual pre-approval process described
above, may be pre-approved, if deemed consistent with the accounting firm&#146;s independence, by the Committee Chairman (or any other Committee member who is a disinterested trustee under the Investment Company Act to whom this responsibility has
been delegated) so long as the estimated fee for those services does not exceed $150,000. Any such pre-approval shall be reported to the full Committee at its next regularly scheduled meeting. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">PROSCRIBED SERVICES </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Fund&#146;s independent accountants
will not render services in the following categories of non-audit services: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Bookkeeping or other services related to the accounting records or financial
statements of the Fund </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Financial information systems design and implementation </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Appraisal or valuation services, fairness opinions, or contribution-in-kind reports </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Actuarial services </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Internal audit outsourcing services </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Management functions or human resources </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Broker or dealer,
investment adviser or investment banking services </P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Legal services and expert services unrelated to the audit </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Any other service that the Public Company Accounting Oversight Board determines, by regulation, is impermissible </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">PRE-APPROVAL OF NON-AUDIT SERVICES PROVIDED TO OTHER ENTITIES WITHIN THE FUND COMPLEX </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Committee will pre-approve annually any permitted non-audit services to be provided to Allianz Global Investors Fund Management LLC or any other investment
manager to the Funds (but not including any sub-adviser whose role is primarily portfolio management and is sub-contracted by the investment manager) (the &#147;Investment Manager&#148;) and any entity controlling, controlled by, or under common
control with the Investment Manager that provides ongoing services to the Fund (including affiliated sub-advisers to the Fund), provided, in each case, that the engagement relates directly to the operations and financial reporting of the Fund (such
entities, including the Investment Manager, shall be referred to herein as the &#147;Accounting Affiliates&#148;). Individual projects that are not presented to the Committee as part of the annual pre-approval process, may be pre-approved, if deemed
consistent with the accounting firm&#146;s independence, by the Committee Chairman (or any other Committee member who is a disinterested trustee under the Investment Company Act to whom this responsibility has been delegated) so long as the
estimated fee for those services does not exceed $150,000. Any such pre-approval shall be reported to the full Committee at its next regularly scheduled meeting. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Although the Committee will not pre-approve all services provided to the Investment Manager and its affiliates, the Committee will receive an annual report
from the Fund&#146;s independent accounting firm showing the aggregate fees for all services provided to the Investment Manager and its affiliates. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">DE
MINIMUS EXCEPTION TO REQUIREMENT OF PRE-APPROVAL OF NON-AUDIT SERVICES </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">With respect to the provision of permitted non-audit services to a Fund or
Accounting Affiliates, the pre-approval requirement is waived if: </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(1)</TD>
<TD ALIGN="left" VALIGN="top">The aggregate amount of all such permitted non-audit services provided constitutes no more than (i)&nbsp;with respect to such services provided to the Fund, five percent (5%)&nbsp;of the total amount of revenues paid by
the Fund to its independent accountant during the fiscal year in which the services are provided, and (ii)&nbsp;with respect to such services provided to Accounting Affiliates, five percent (5%)&nbsp;of the total amount of revenues paid to the
Fund&#146;s independent accountant by the Fund and the Accounting Affiliates during the fiscal year in which the services are provided; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(2)</TD>
<TD ALIGN="left" VALIGN="top">Such services were not recognized by the Fund at the time of the engagement for such services to be non-audit services; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(3)</TD>
<TD ALIGN="left" VALIGN="top">Such services are promptly brought to the attention of the Committee and approved prior to the completion of the audit by the Committee or by the Committee Chairman (or any other Committee member who is a disinterested
trustee under the Investment Company Act to whom this Committee Chairman or other delegate shall be reported to the full Committee at its next regularly scheduled meeting. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">e)</TD>
<TD ALIGN="left" VALIGN="top">2. No services were approved pursuant to the procedures contained in paragraph (C)&nbsp;(7)&nbsp;(i)&nbsp;(C)&nbsp;of Rule 2-01 of Registration S-X. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">f)</TD>
<TD ALIGN="left" VALIGN="top">Not applicable </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">g)</TD>
<TD ALIGN="left" VALIGN="top">Non-audit fees. The aggregate non-audit fees billed by the Auditor for services rendered to the Registrant, and rendered to the Adviser, for the 2014 Reporting Period was $5,359,295 and the 2015 Reporting Period was
$5,915,843. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="8%">&nbsp;</TD>
<TD WIDTH="5%" VALIGN="top" ALIGN="left">h)</TD>
<TD ALIGN="left" VALIGN="top">Auditor Independence. The Registrant&#146;s Audit Oversight Committee has considered whether the provision of non-audit services that were rendered to the Adviser which were not pre- approved is compatible with
maintaining the Auditor&#146;s independence. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left">ITEM&nbsp;5.</TD>
<TD ALIGN="left" VALIGN="top">AUDIT COMMITTEE OF LISTED REGISTRANT </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Fund has a separately designated standing audit committee established
in accordance with Section&nbsp;3(a)(58)(A) of the Securities Exchange Act of 1934. The audit committee of the Fund is comprised of Julian Reid, Christopher B. Brader, Joseph T. Grause, Jr. , Marran H. Ogilvie, and Richard Silver. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left">ITEM&nbsp;6.</TD>
<TD ALIGN="left" VALIGN="top">INVESTMENTS </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">The registrant&#146;s Schedule of Investments is included as part of the report to shareholders filed under Item&nbsp;1 of this form. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Not applicable. </TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">ITEM&nbsp;7 </P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>THE KOREA FUND, INC. (THE &#147;FUND&#148;) </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>PROXY VOTING POLICY </U></B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">It is the policy of the Fund that proxies should be voted in the interest of the shareholders as determined by those who are in the best position to make this determination. The Fund believes that the entity and/or
persons purchasing and selling securities for the Fund and analyzing the performance of the Fund&#146;s securities are in the best position and have the information necessary to vote proxies in the best interests of the Fund and its shareholders;
including in situations where conflicts of interest may arise between the interests of shareholders, on one hand, and the interests of the investment adviser and/or any other affiliated person of the Fund, on the other. Accordingly, the Fund&#146;s
policy shall be to delegate proxy voting responsibility to the entity with portfolio management responsibility for the Fund. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">The Fund delegates the responsibility for voting proxies to Allianz Global Investors U.S. LLC (AGI US)&#148;), the adviser for the Fund. A summary of the detailed proxy voting policy for AGI US is set forth in
<U>Appendix A</U> attached hereto, which may be revised from time to time to reflect changes to the adviser&#146;s detailed proxy voting policy. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">AGI US shall vote proxies in accordance with its proxy voting policy, and to the extent consistent with such policy, may rely on information and/or recommendations supplied by others. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">AGI US shall deliver a copy of its proxy voting policy, and any material amendments thereto, to the Board of The Korea Fund promptly after the adoption or amendment of such policy. </TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">AGI US shall: (i)&nbsp;maintain such records and provide such voting information as is required for the Fund&#146;s regulatory filings including, without limitation, Form N-PX and the required disclosure of policy
called for by Item&nbsp;18 of Form N-2 and Item&nbsp;7 of Form N-CSR; and (ii)&nbsp;shall provide such additional information as may be requested, from time to time, by the Board or the Fund&#146;s Chief Compliance Officer. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">6.</TD>
<TD ALIGN="left" VALIGN="top">This Proxy Voting Policy statement, a summary of the detailed proxy voting policy of AGI US, and how the Fund voted proxies relating to portfolio securities held during the most recent twelve month period ending
June&nbsp;30, is available (i)&nbsp;without charge, upon request, by calling 1-800-254-5197; (ii)&nbsp;on the Fund&#146;s website at www.thekoreafund.com; and (iii)&nbsp;on the U.S. Securities and Exchange Commission&#146;s website at www.sec.gov.
In addition, to the extent required by applicable law or determined by the Fund&#146;s Chief Compliance Officer or Board of Directors, a summary of the detailed proxy voting policy of AGI US shall also be included in the Fund&#146;s Registration
Statement or Form N-CSR filings. </TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B><U>Appendix A </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B><U>Allianz Global Investors U.S. LLC (&#147;AGI US&#148;) </U></B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Description of Proxy Voting Policy and Procedures </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">AGI US typically votes proxies as part of its discretionary authority to manage accounts, unless the client has explicitly reserved the authority for itself.
To ensure that the proxies are voted in the best interests of its clients, AGI US has adopted proxy voting procedures and guidelines for voting proxies on specific types of issues. When voting proxies, AGI US seeks to make voting decisions solely in
the best interests of its clients and to enhance the economic value of the underlying portfolio securities held in its clients&#146; accounts. AGI US will not be responsible for voting of proxies that AGI US has not been notified of on a timely
basis by the client&#146;s custodian. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">AGI US has adopted written Proxy Policy Guidelines and Procedures (the &#147;Proxy Guidelines&#148;) that are
reasonably designed to ensure that the firm is voting in the best interest of its clients. The Proxy Guidelines reflect AGI US&#146;s general voting positions on specific corporate governance issues and corporate actions. AGI US has retained two
independent third party service providers (the &#147;Proxy Providers&#148;), to support two different groups of portfolio management teams, to assist in the proxy voting process by implementing the votes in accordance with the Proxy Guidelines as
well as assisting in the administrative process. The services provided offer a variety of proxy-related services to assist in AGI US&#146;s handling of proxy voting responsibilities. Although both Proxy Providers have been instructed to follow the
Proxy Guidelines, it is possible that in certain circumstances the Proxy Providers may interpret the Proxy Guidelines in different ways, and as a result AGI US may cast votes on behalf of one client account that are different than votes cast for the
same shares held by another client account. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In certain circumstances, a client may request in writing that AGI US vote proxies for its account in
accordance with a set of guidelines which differs from the Proxy Guidelines. For example, a client may wish to have proxies voted for its account in accordance with </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
the Taft-Hartley proxy voting guidelines. In that case, AGI US will vote the shares held by such client accounts in accordance with their direction, which may be different from the vote cast for
shares held on behalf of other client accounts that vote in accordance with the Proxy Guidelines. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">AGI US will generally refrain from voting proxies on
non-U.S. securities that are subject to share blocking restrictions. Certain countries require the freezing of shares for trading purposes at the custodian/sub-custodian bank level in order to vote proxies to ensure that shareholders voting at
meetings continue to hold the shares through the actual shareholder meeting. However, because AGI US cannot anticipate every proxy proposal that may arise (including a proxy proposal that an analyst and/or portfolio manager believes has the
potential to significantly affect the economic value of the underlying security, such as proxies relating to mergers and acquisitions), AGI US may, from time to time, instruct the Proxy Providers to cast a vote for a proxy proposal in a share
blocked country. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Proxy Guidelines also provide for oversight of the proxy voting process by a Proxy Committee. The Proxy Guidelines summarize AGI
US&#146;s position on various issues, including issues of corporate governance and corporate actions, and give general indication as to how AGI US will vote shares on such issues. Occasionally, there may be instances when AGI US may not vote proxies
in strict adherence to the Proxy Guidelines. To the extent that the Proxy Guidelines do not cover potential voting issues or a case arises of a potential material conflict between AGI US&#146;s interest and those of a client with respect to proxy
voting, the Proxy Committee will convene to discuss the issues. In evaluating issues, the Proxy Committee may consider information from many sources, including the portfolio management team, the analyst responsible for monitoring the stock of the
company at issue, management of a company presenting a proposal, shareholder groups and independent proxy research services. In situations in which the Proxy Guidelines do not give clear guidance on an issue, an analyst or portfolio manager and/or
the Proxy Committee will review the issue. In the event that either the analyst or portfolio manager wishes to override the Proxy Guidelines, the proposal will be presented </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
to the Proxy Committee for a final decision. Any deviations from the Proxy Guidelines will be documented and maintained in accordance with Rule 204-2 under the Advisers Act. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In accordance with the Proxy Guidelines, AGI US may review additional criteria associated with voting proxies and evaluate the expected benefit to its clients
when making an overall determination on how or whether to vote a proxy. Upon receipt of a client&#146;s written request, AGI US may also vote proxies for that client&#146;s account in a particular manner that may differ from the Proxy Guidelines. In
addition, AGI US may refrain from voting a proxy on behalf of its clients&#146; accounts due to de-minimis holdings, immaterial impact on the portfolio, items relating to non-U.S. issuers (such as those described below), non-discretionary holdings
not covered by AGI US, timing issues related to the opening/closing of accounts, securities lending issues (see below), contractual arrangements with clients and/or their authorized delegate, the timing of receipt of information, or where
circumstances beyond its control prevent it from voting. For example, AGI US may refrain from voting a proxy of a non-U.S. issuer due to logistical considerations that may impair AGI US&#146;s ability to vote the proxy. These issues may include, but
are not limited to: (i)&nbsp;proxy statements and ballots being written in a language other than English, (ii)&nbsp;untimely notice of a shareholder meeting, (iii)&nbsp;requirements to vote proxies in person, (iv)&nbsp;restrictions on non-U.S.
person&#146;s ability to exercise votes, (v)&nbsp;restrictions on the sale of securities for a period of time in proximity to the shareholder meeting, or (vi)&nbsp;requirements to provide local agents with power of attorney to facilitate the voting
instructions. Such proxies are voted on a best-efforts basis. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">AGI US may vote in accordance with the proxy guidelines of its affiliate advisers when
voting in connection with Wrap Programs. The affiliated adviser&#146;s guidelines may differ and in fact be in conflict with AGI US&#146;s voting guidelines. If a client has decided to participate in a securities lending program, AGI US will defer
to the client&#146;s determination and not attempt to recall securities on loan solely for the purpose of voting routine proxies as this could impact the returns received from securities lending and make
</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
the client a less desirable lender in the marketplace. If the participating client requests, AGI US will use reasonable efforts to notify the client of proxy measures that AGI US deems material.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The ability to timely identify material events and recommend recall of shares for proxy voting purposes is not within the control of AGI US and requires
the cooperation of the client and its other service providers. Efforts to recall loaned securities are not always effective and there can be no guarantee that any such securities can be retrieved in a timely manner for purposes of voting the
securities. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">ITEM&nbsp;8 </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>(a)
(1) </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of August&nbsp;27, 2015, the following individuals have primary responsibility for the day-to-day management of The Korea Fund, Inc. (the
&#147;Fund&#148;): </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Chris Leung, CFA </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Senior
Portfolio Manager </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Chris</B> is currently a Senior Portfolio Manager, with responsibilities for Korean equity portfolios.&nbsp;Chris rejoined the group
in 2014. He was previously with the group from April 2001 to March 2006 where he managed the Korean equity mandates, pan-regional strategies and provided support to the regional portfolio management team.&nbsp;Prior to re-joining, Chris specialized
in long-short equity investments in Korea and Hong Kong/China at LAPP Capital.&nbsp;Before April 2001, Chris spent six years with AXA Investment Managers (HK) working as an investment analyst and portfolio manager, where he managed Korean country
funds and was involved in Asian regional portfolios.&nbsp;Chris is a CFA charterholder and holds both a Masters of Business Administration and a Bachelor of Applied Science in Civil Engineering from the University of British Columbia in Canada. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Raymond Chan, CFA </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Chief Investment Officer, Equity
Asia Pacific </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Raymond</B> is responsible for the equity and multi-asset investment professionals in Asia Pacific (excluding Korea), reporting to the
Global CIO in London, and is the Chairman of the Asia Balanced Investment Committee and the Regional Portfolio Management Group (RPMG) in Hong Kong. Raymond has overall responsibility for the investment process and performance and is a member of the
Global Investment Management Group and Global Policy Council. He has 25 years of portfolio management experience in the region and is the lead manager for AllianzGI&#146;s Core Regional (Asia Pacific ex-Japan equity) products. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Prior to joining the Group, Raymond was Associate Director and Head of Greater China team with Barclays Global Investors in Hong Kong, where he specialized in
Hong Kong, China and Taiwan stock markets and managed single country and regional portfolios. Raymond&#146;s Hong Kong Fund at Barclays was ranked no. 1 offshore fund in 1997. He is a CFA charter holder and holds an M.A. in Finance and Investment
from the University of Exeter and a B.A. (Hons.) in Economics from the University of Durham, UK. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>(a) (2) </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
following summarizes information regarding each of the accounts, excluding the Fund that was managed by the Portfolio Manager as of June&nbsp;30, 2015. The advisory fee charged for managing each of the accounts listed below is not based on
performance. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:8pt" ALIGN="center">


<TR>
<TD WIDTH="61%"></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Registered<BR>Investment<BR>Companies</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Other Pooled<BR>Investment Vehicles</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="6" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Other Accounts</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:11.55pt; font-size:8pt; font-family:Times New Roman">PM</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">Fund</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">#</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">AUM($million)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">#</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">AUM($million)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">#</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">AUM($million)</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Chris Leung</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Raymond Chan</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">0</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">4</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">268</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">2</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">792</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">As of 30&nbsp;June 2015. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In
Asia Pacific, Allianz Global Investors broadly categorizes potential conflicts of interest into the following groups: (1)&nbsp;conflicts that may arise from being part of the Allianz Group, each group-company potentially pursuing interests in
competition of other group companies; (2)&nbsp;conflicts that may arise among and between the various customers serviced through us and (3)&nbsp;conflicts between the interest of the customers and the interests of the company or its staff. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Policies have been devised and implemented for the potential conflict of interest identified. These form part of the policies and procedures applied on a
group-wide basis, as well as in the local code of ethics and applicable standards and procedures. Where there is a risk of conflict of interest in light of the policies and procedures, in the absences of standard protocols, our Compliance team is
normally involved to ensure a fair and equitable handling of the issues presented. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Policies and procedures are based on reviews of local and
international regulatory requirements as well as on standards of the industry, and seek to achieve best-practice results. Internal processes are regularly reviewed and tested for adequacy and compliance with these policies. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Compliance policies are made available on our intranet site and are communicated to every new employee upon joining, which they have to acknowledge in an
initial declaration. Compliance training is provided to all staff members in informational sessions that are mandatory for each staff member on an annual basis. Attendance is recorded. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Chinese-walled business activities are located in physically separate areas. Employees of walled business activities are not permitted to enter business areas
other than their own except for legitimate work or company-related purposes, and should not seek to obtain information from a walled area except on a legitimate &#147;need to know&#148; basis. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>(a) (3) </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
following explains the compensation structure of the individuals that have the primary responsibility for day-to-day portfolio management of the Fund: </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Allianz Global Investors acknowledges the importance of financial incentives, and rewards employees competitively in line with market practice and local
regulations, as applicable. Individual compensation is typically a function of individual, team and company performance, and is also benchmarked against comparable market pay. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The primary components of compensation are the <B>base salary</B>, which typically reflects the scope, responsibilities and experience required in a
particular role, and an <B>annual discretionary variable compensation payment</B>. The variable compensation typically includes both an annual <B>cash award</B> that pays out immediately at the end of the performance year and a <B>deferred
component</B> for all members of staff whose variable compensation exceeds a certain threshold. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The deferred component consists of a Long-Term Incentive
Programme Award (LTIPA) but, for those members of staff whose variable compensation exceeds a certain threshold, the deferred component is split 50% / 50% between the aforementioned LTIPA and a Deferral into Funds programme (DIF), which enables
employees to invest in Allianz Global Investors&#146; investment strategies. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Deferral rates increase in line with the amount of variable compensation and
can reach up to 50%. Awards, splits, components and deferral percentages are regularly reviewed to ensure they meet industry best practice and, where applicable, comply with regulatory standards. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Discretionary variable compensation is primarily designed to reflect the achievements of an individual against set goals over a certain time period. For an
investment professional, these goals will typically be 70% quantitative and 30% qualitative. The quantitative element will reflect investment performance over a three-year rolling time period (calculated as one-year plus three-year results at 25%
and 75% weightings respectively). For portfolio managers, the performance metric is aligned with the benchmarks of the client portfolios they manage or, if there is no reference benchmark, with the client&#146;s stated investment outcome objective.
The qualitative element reflects contributions to broader team goals, such as idea sharing, contributions made to client review meetings, product development or product refinement initiatives, and the way behaviours reflect our core values of
excellence, passion, integrity and respect. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The LTIPA element of the variable compensation, if applicable, cliff vests three years after
each (typically annual) award. Its value is directly linked to the operating profit of Allianz Global Investors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; margin-left:4%; font-size:10pt; font-family:Times New Roman">The DIF element of the
variable compensation cliff vests three years after each (typically annual) award and enables qualifying members of staff to invest in a range of Allianz Global Investors&#146; funds. Investment professionals are encouraged to invest into their own
funds or funds of a similar nature to those that they manage. The value of the DIF award is determined by the performance of the fund over the three-year period covering each award. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>(a) (4)</B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
following summarizes the dollar range of securities the portfolio manager for the Fund beneficially owned of the Fund that he managed as of June&nbsp;30, 2015. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="50%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="48%"></TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3" ALIGN="center"><B>The Korea Fund, Inc.</B></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:63.25pt; font-size:8pt; font-family:Times New Roman"><B>Portfolio Manager</B></P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Dollar Range of Equity Securities in the
Funds</B></P></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Chris Leung</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Raymond Chan</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center">None</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left">ITEM&nbsp;9.</TD>
<TD ALIGN="left" VALIGN="top">PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED COMPANIES </TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="42%"></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD>
<TD VALIGN="bottom" WIDTH="9%"></TD>
<TD></TD>
<TD></TD>
<TD></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP> <P STYLE="border-bottom:1.00pt solid #000000; width:20.85pt; font-size:8pt; font-family:Times New Roman">Period</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">(a)&nbsp;Total&nbsp;Number<BR>of&nbsp;Shares&nbsp;Purchased</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">(b)&nbsp;Average&nbsp;Price<BR>Paid per Share</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">(c)&nbsp;Total&nbsp;Number&nbsp;of&nbsp;Shares<BR>Purchased as<br>Part&nbsp;of&nbsp;Publicly&nbsp;Announced<BR>Plans or Programs</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000">(d)&nbsp;Maximum&nbsp;Number&nbsp;of<BR>Shares&nbsp;(or&nbsp;Units)&nbsp;that&nbsp;May<BR>Yet&nbsp;Be&nbsp;Purchased&nbsp;Under&nbsp;the<BR>Plans or
Programs</TD>
<TD VALIGN="bottom">&nbsp;</TD></TR>


<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">July&nbsp;1-31, 2014</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53,536</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43.22<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53,536<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">745,337<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">August&nbsp;1-31, 2014</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48,574</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">43.99<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">48,574<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">696,763<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">September&nbsp;1-30, 2014</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42.57<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,400<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">650,363<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">October&nbsp;1-31, 2014</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74,640</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39.78<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">74,640<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">575,723<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">November&nbsp;1-30, 2014</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53,400</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38.26<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">53,400<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">522,323<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">December&nbsp;1-31, 2014</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">66,409</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">37.73<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">66,409<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">455,914<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">January&nbsp;1-31, 2015</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">38.97<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,300<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">409,614<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">February&nbsp;1-28, 2015</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,932</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39.05<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">46,932<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">362,682<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">March&nbsp;1-31, 2015</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52,468</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">39.46<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">52,468<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">310,214<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">April&nbsp;1-30, 2015</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60,100</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">42.22<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">60,100<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">250,114<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">May&nbsp;1-31, 2015</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57,300</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">41.93<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">57,300<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">192,814<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">June&nbsp;1-30, 2015</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,800</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">40.69<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">28,800<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top"></SUP>&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">164,014<SUP STYLE="font-size:85%; vertical-align:top"></SUP></TD>
<TD NOWRAP VALIGN="bottom"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD></TR>
<TR STYLE="font-size:1px; font-size:4pt">
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD VALIGN="bottom"> <P STYLE="border-top:1.00px solid #000000">&nbsp;</P></TD>
<TD>&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
<TR BGCOLOR="#cceeff" STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:3.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Totals</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">634,859</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">634,859</TD>
<TD NOWRAP VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Subject to fees of up to $0.03 per share repurchased. </TD></TR></TABLE>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">2</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">The Fund has a share repurchase program under which the Fund repurchases its common stock in the open market on any day that the Fund&#146;s shares are trading at a discount of 8% or more from NAV the prior day and
there is a daily average discount of 8% or more from NAV over the 5-day period ending the prior day. On each day that shares are repurchased, the Fund repurchases its shares to the maximum extent permitted by law unless the Investment Manager
determines that such a repurchase would be detrimental to the Fund and its stockholders. In addition, on a day that shares are repurchased, in addition to the limits set forth above, the Fund will repurchase shares only at such times that the market
price represents a discount of 8% or more from the Fund&#146;s closing NAV on the prior day. Under the program, the Fund is authorized to repurchase in each twelve month period ended June&nbsp;30 up to 10% of its common stock outstanding as of
June&nbsp;30 of the prior year. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left">ITEM&nbsp;10.</TD>
<TD ALIGN="left" VALIGN="top">SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">There have been no material changes to the procedures by
which shareholders may recommend nominees to the Fund&#146;s Board of Directors since the Fund last provided disclosure in response to this item. </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left">ITEM&nbsp;11.</TD>
<TD ALIGN="left" VALIGN="top">CONTROLS AND PROCEDURES </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(a) The registrant&#146;s President and Chief Executive Officer and Treasurer,
Principal Financial&nbsp;&amp; Accounting Officer have concluded that the registrant&#146;s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Act (17 CFR 270.30a-3(c))), are effective based on their evaluation of these
controls and procedures as of a date within 90 days of the filing date of this document. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(b) There were no significant changes in the registrants
internal control over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d))) that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to
materially affect, the registrant&#146;s internal control over financial reporting. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left">ITEM&nbsp;12.</TD>
<TD ALIGN="left" VALIGN="top">EXHIBITS </TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(a) (1)&nbsp;Exhibit 99.CODE ETH &#151; Code of Ethics </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(a) (2)&nbsp;Exhibit 99.302 Cert. &#151; Certification pursuant to Section&nbsp;302 of the Sarbanes-Oxley Act of 2002 </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(a) (3)&nbsp;Not applicable </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">(b) Exhibit 99.906 Cert. &#151;
Certification pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act of 2002 </P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">
<h5 align="left"><a href="#toc">Table of Contents</a></h5>

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Signature </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="23%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="76%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">(Registrant)</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">The Korea Fund, Inc.</P></TD></TR></TABLE>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="88%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">By:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Joseph Quirk</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Joseph Quirk</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">President &amp; Chief Executive Officer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Date:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">August&nbsp;27, 2015</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">By:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Lawrence G. Altadonna</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Lawrence G. Altadonna</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Treasurer, Principal Financial &amp; Accounting Officer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Date:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">August&nbsp;27, 2015</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has
been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="10%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="88%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">By:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Joseph Quirk</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Joseph Quirk</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">President &amp; Chief Executive Officer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Date:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">August&nbsp;27, 2015</P></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">By:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Lawrence G. Altadonna</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Lawrence G. Altadonna</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Treasurer, Principal Financial &amp; Accounting Officer</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Date:</P></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">August&nbsp;27, 2015</P></TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CODE
<SEQUENCE>2
<FILENAME>d11785dex99code.htm
<DESCRIPTION>CODE OF ETHICS
<TEXT>
<HTML><HEAD>
<TITLE>Code of Ethics</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>CODE OF ETHICS PURSUANT TO SECTION 406 OF THE SARBANES-OXLEY ACT OF </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>2002 FOR PRINCIPAL EXECUTIVE AND SENIOR FINANCIAL OFFICERS </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>I.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Covered Officers/Purpose of the Code </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This Code of Ethics (the &#147;Code&#148;) pursuant to
Section&nbsp;406 of the Sarbanes-Oxley Act of 2002 has been adopted by the Trusts<SUP STYLE="font-size:85%; vertical-align:top">1</SUP> and their respective series (each a &#147;Fund&#148; and, collectively, the &#147;Funds&#148;). This Code applies
to the President and Chief Executive Officer, and Treasurer and Principal Financial and Accounting Officer (the &#147;Covered Officers&#148;) of the Funds or persons (if any) performing similar functions. Each Covered Officer is identified in
Exhibit A. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This Code has been adopted for the purpose of promoting: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">full, fair, accurate, timely and understandable disclosure in reports and documents that a Fund files with, or submits to, the U.S. Securities and Exchange Commission (&#147;SEC&#148;) and in other public communications
made by a Fund; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">compliance with applicable laws and governmental rules and regulations; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the prompt internal reporting of violations of the Code to an appropriate person or persons identified in the Code; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">accountability for adherence to the Code. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Each Covered Officer should adhere to a high
standard of business ethics and should be sensitive to situations that may give rise to conflicts of interest or the appearance thereof. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>II.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Covered Officers Should Handle Ethically Any Actual or Apparent Conflicts of Interest </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A
&#147;conflict of interest&#148; occurs when a Covered Officer&#146;s private interest interferes with the interests of, or his service to, the relevant Fund. For example, a conflict of interest would arise if a Covered Officer, or a member of the
Covered Officer&#146;s family, receives improper personal benefits as a result of the Covered Officer&#146;s position with the relevant Fund. Other conflicts of interest may arise out of relationships between Covered Officers and the relevant Fund
that are subject to conflict of interest provisions and procedures in the Investment Company Act of 1940, the Investment Advisers Act of 1940 and other applicable law. This Code does not, and is not intended to, address conflicts that fall outside
of this Code. </P> <P STYLE="line-height:8.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:10%">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><SUP STYLE="font-size:85%; vertical-align:top">1</SUP>&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">Allianz Funds, Allianz Funds Multi-Strategy Trust, Allianz Global Investors Fund Management Sponsored Closed-End Funds, AllianzGI Institutional Multi-Series Trust, The Korea Fund, Inc., and Premier Multi-Series VIT,
each of which is a registered investment company under the Investment Company Act 1940 </TD></TR></TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>III.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Disclosure and Compliance </B></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">no Covered Officer should knowingly misrepresent, or cause others to misrepresent, facts about the relevant Fund to others, whether within or outside such Fund, including to such Fund&#146;s Board and auditors, and to
governmental regulators and self-regulatory organizations; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">each Covered Officer should, to the extent appropriate within his area of responsibility, consult with other officers and employees of the Funds and the Service Providers or with counsel to the Funds with the goal of
promoting full, fair, accurate, timely and understandable disclosure in the registration statements or periodic reports that the Funds file with, or submit to, the SEC; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">each Covered Officer has the responsibility to promote compliance with the standards and restrictions imposed by applicable laws, rules and regulations. </TD></TR></TABLE>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>IV.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Reporting and Accountability </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Each Covered Officer must: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">upon becoming a Covered Officer affirm in writing to the relevant Fund that he has received, read and understands the Code; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">annually thereafter affirm in writing that he has complied with the requirements of the Code; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">provide full and fair responses to all questions asked in any Trustee and Officer Questionnaire provided by the relevant Fund as well as with respect to any supplemental request for information; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">notify the President of the relevant Fund promptly if he is convinced to a moral certainty that there has been a material violation of this Code (with respect to violations by a President, the Covered Officer shall
report to the Chairman of the Trustees of the relevant Fund). </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The President of each Fund is responsible for applying this
Code in consultation with the Fund&#146;s Chief Compliance Officer (&#147;CCO&#148;) and has the authority to interpret this Code. However, any approvals or waivers sought by the President will be considered by the Chairman of the Trustees of the
relevant Fund. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Funds will follow these procedures in investigating and enforcing this Code: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the President will take all appropriate action to investigate any potential material violations reported to him, which actions may include the use of internal or external counsel, accountants or other personnel;
</TD></TR></TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-2- </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">if, after such investigation, the President believes that no material violation has occurred, the President is not required to take any further action; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">any matter that the President believes is a material violation will be reported to the Fund&#146;s CCO; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">if the CCO concurs that a material violation has occurred, he will inform and make a recommendation to the Fund&#146;s Board of Trustees, which will consider appropriate action, which may include review of, and
appropriate modifications to applicable policies and procedures; notification to appropriate personnel of a Service Provider or its board; or a recommendation to dismiss the Covered Officer; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="5%">&nbsp;</TD>
<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">the Board of Trustees may grant waivers under this Code, as it deems appropriate. </TD></TR></TABLE> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>V.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Public Disclosure of Changes and Waivers </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any amendments to or waivers under this Code
relating to a Covered Officer will, to the extent required by the SEC&#146;s rules, be disclosed on the Fund&#146;s website or in the Form N-CSR. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>VI.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Other Policies and Procedures </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Code shall be the sole code of ethics adopted by the
Funds for purposes of Section&nbsp;406 of the Sarbanes-Oxley Act and the rules and forms applicable to registered investment companies thereunder. Insofar as other policies or procedures of the Funds or the Funds&#146; Service Providers govern or
purport to govern the behavior or activities of the Covered Persons who are subject to this Code, they are superseded by this Code to the extent that they conflict with the provisions of this Code. The Funds&#146; and their Service Providers&#146;
codes of ethics under Rule 17j-1 under the 1940 Act and the Service Providers&#146; more detailed compliance policies and procedures are separate requirements applying to the Covered Persons and others, and are not part of this Code. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>VII.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Amendments </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Any material amendments to this Code must be approved or ratified by a
majority vote of each Funds board of Trustees, including a majority of independent Trustees. </P> <P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left"><B>VIII.</B></TD>
<TD ALIGN="left" VALIGN="top"><B>Confidentiality </B></TD></TR></TABLE> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">All reports and records prepared or maintained pursuant to this Code
will be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law or this Code, such matters shall not be disclosed to anyone except as permitted by the Board. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-3- </P>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit A </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Covered Officers </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Allianz Funds, Allianz Funds
Multi-Strategy Trust, Premier Multi-Series VIT, AllianzGI Institutional Multi-Series Trust, and Allianz Global Investors Fund Management Sponsored Closed-End Funds </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="27%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="53%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="16%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Julian Sluyters</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">President and Chief Executive Officer</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Lawrence G. Altadonna</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Treasurer and Principal Financial and Accounting Officer</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The Korea Fund, Inc. </B></P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="27%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="53%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="16%"></TD></TR>

<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Joseph Quirk</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">President and Chief Executive Officer</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Lawrence G. Altadonna</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">Treasurer and Principal Financial and Accounting Officer</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom"></TD></TR>
</TABLE>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">-4- </P>

</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>3
<FILENAME>d11785dex99cert.htm
<DESCRIPTION>SECTION 302 CERTIFICATIONS
<TEXT>
<HTML><HEAD>
<TITLE>Section 302 Certifications</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.302 CERT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">CERTIFICATIONS </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I, Joseph Quirk, certify that:
</P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">I have reviewed this report on Form N-CSR of The Korea Fund, Inc.; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by this report; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets,
and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">The registrant&#146;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and
internal control over financial reporting (as defined in Rule 30a-3 (d)&nbsp;under the Investment Company Act of 1940) for the registrant and have: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">Evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within
90 days prior to the filing date of this report based on such evaluation; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Disclosed in this report any change in the registrant&#146;s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or
is reasonably likely to materially affect, the registrant&#146;s internal control over financial reporting; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">The registrant&#146;s other certifying officer(s) and I have disclosed to the registrant&#146;s auditors and the audit committee of the registrant&#146;s board of directors (or persons performing the equivalent
functions): </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#146;s ability to record,
process, summarize, and report financial information; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal control over financial reporting. </TD></TR></TABLE>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dated: August&nbsp;27, 2015 </P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="98%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">By: /s/ Joseph Quirk</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Joseph Quirk</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">President&nbsp;&amp; Chief Executive Officer</P></TD></TR>
</TABLE>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">I, Lawrence Altadonna, certify that: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">1.</TD>
<TD ALIGN="left" VALIGN="top">I have reviewed this report on Form N-CSR of The Korea Fund, Inc.; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">2.</TD>
<TD ALIGN="left" VALIGN="top">Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such
statements were made, not misleading with respect to the period covered by this report; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">3.</TD>
<TD ALIGN="left" VALIGN="top">Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets,
and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report; </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">4.</TD>
<TD ALIGN="left" VALIGN="top">The registrant&#146;s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and
internal control over financial reporting (as defined in Rule 30a-3 (d)&nbsp;under the Investment Company Act of 1940) for the registrant and have: </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its
consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of
financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top">Evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within
90 days prior to the filing date of this report based on such evaluation; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top">Disclosed in this report any change in the registrant&#146;s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or
is reasonably likely to materially affect, the registrant&#146;s internal control over financial reporting; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">5.</TD>
<TD ALIGN="left" VALIGN="top">The registrant&#146;s other certifying officer(s) and I have disclosed to the registrant&#146;s auditors and the audit committee of the registrant&#146;s board of directors (or persons performing the equivalent
functions): </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)</TD>
<TD ALIGN="left" VALIGN="top">All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#146;s ability to record,
process, summarize, and report financial information; and </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top">Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal control over financial reporting. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dated: August&nbsp;27, 2015 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="98%"></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">By: /s/ Lawrence G. Altadonna</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Lawrence G. Altadonna</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">Treasurer, Principal Financial&nbsp;&amp; Accounting Officer</P></TD></TR>
</TABLE>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.906CT
<SEQUENCE>4
<FILENAME>d11785dex99906ct.htm
<DESCRIPTION>SECTION 906 CERTIFICATION
<TEXT>
<HTML><HEAD>
<TITLE>Section 906 Certification</TITLE>
</HEAD>
 <BODY BGCOLOR="WHITE">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 99.906CERT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">Certification Pursuant to Section&nbsp;906 of the Sarbanes-Oxley Act </P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">of 2002 (Subsections (a)&nbsp;and (b)&nbsp;of Section&nbsp;1350, Chapter 63 of Title 18, United States Code) </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">In connection with the attached report of The Korea Fund, Inc. (the &#147;Registrant&#148;) on Form N-CSR (the &#147;Report&#148;), each of the undersigned
officers of the Registrant does hereby certify that, to the best of such officer&#146;s knowledge: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(1) the Report fully complies with the
requirements of Section&nbsp;13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, as amended; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(2) the information
contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant as of, and for, the periods presented in the Report. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dated: August&nbsp;27, 2015 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Joseph Quirk</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Joseph Quirk</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman">President &amp; Chief Executive Officer</P></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Dated: August&nbsp;27, 2015 </P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="7%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="92%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Lawrence G. Altadonna</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom">Lawrence G. Altadonna</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top">Treasurer, Principal Financial &amp; Accounting Officer</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">A signed original of this written statement required by Section&nbsp;906, or other document authenticating, acknowledging, or
otherwise adopting the signature that appears in typed form within the version of this written statement required by Section&nbsp;906, has been provided to The Korea Fund, Inc. and will be retained by The Korea Fund, Inc. and furnished to the
Securities and Exchange Commission or its staff upon request. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This certification is being furnished solely pursuant to 18 U.S.C. &#167; 1350 and is not
being filed as part of the Report or as a separate disclosure document. </P>
</BODY></HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>g11785g10y09.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g11785g10y09.jpg
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M/OVC#!AA@Q))G'W2R_9F2;?.=Y=]]\YVSCC++,='9L--M(R5;K:0@%2CE2B
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ML7V\H+%N8C9+L&,ZKL'KDHY4ZN8^L&-!<<475R X^%GU/LUO]S'@NW"/IO\
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M^W[_ -3'85&X_P!N/\]OS:EYC^W'_/[OC_W\]/:M8SVC>.N^G'VU\MQ8T*5
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M_K_H,]BV_P"\J7,3FJ&K_P#HN.A;0$IKE9(]L??I,-4 2#N?*I8Y8)8GQO3
M60,N 49NJE._XI1XI3/UB;>D79W36^<;AWIR\NE*L4^,:SMV!?\ X^S4MH3_
M !&0]K4,?ZZK:Y_3SL.=P1K@@R_\.K&XG4IX/%*:OLR7#VB;B[H]K(*%;N;/
MV:>-=JXF*1UCH]4L=AS HS'-*VF'1*V),:D,<MBTVB_;UH1IY(XDRE)*O\D]
M7[N/O8$/).)O/QER"FE:<UIN6:UL/K'N4K=#%(HVB9\OS+'HQ3MX VZV?/X#
MA!Y]=H\*G)ZG^?WT]*2O(*T'A=7$:= OUS]VH*18$J#QG_G@8&""'&?_ 'QI
M\^*BMQXI1XI28LE)IEQT&TM]1K%JT#VWV#TLB!4\T%VDQ\;[#:LQ"L0;;XQC
M&^8L:YVQCXS\^*4E/\(:P'_?7&=VITL7\KHZU>K4.B49Q_NZK:.Q:,^?1#:_
MS]J^>ID+,?.<_HON^,X4^?GG40O<3EG>'E9IP_+3^J=,<*0>DRYQ!8*O6A-[
M$U6UR*F8?"4GIOJNP *!G#<ZU#HR2V.)^<L3CF#6B6_1F ?5E5 CG]F?M!^>
M?5LF4?U/'$/5-!"B*D?!:+R=0L+(O7ELJF7*Z=[+%\]2UMB]%F.*J%CM8?K,
MML<E[1@7:#]S?$C6"OA%V/2E*>SIY=>[/\>%*4-=[\INB0Q'36YY2?W*PKHK
M0IF]>I'KZ1'W2W"\O+Z"H:RIT:KF[CAA0+;JA7+ZS7^HR-\UJ*K""MX+ I@4
M]G'?Y]!\<YQRZ\JU]>C^I(?%5"BS&JG97,I.?KK:-ZYXWL;N6Q>KHEI1N=Z?
M&VT&Y:$G/]GV%0)JQBCI4X:55J]<%L\5(:SJ>S\Y[_P[J2M!E^H_62FQ$]3O
MMG)O?1*>803TMUZW;0U0419Z3)KB<<'1KB*N2\YRO3^V4"19151UN*FC&=&)
M2;,YKU@<J>SW<._]K\.-9:\'Z@T;L&Q'D^P,B9C4:FFM*B.;TN_JY2S6J+BS
ML[&C(]F&_,_WH[I#:FIPF5AFF'*XTLLT)FVUX JSDY3V>[_5C[_MUQKC.'&I
M>?J"!7'B[#H&272UQ;+=KV.LUC_ Y5SVIH-K) K0%+GYHI_2VR86JC365,A6
MC_U.T9,]HK+<%7Z"*KSJ>SKRT&..?N_AT%60>*IH\4H\4H\4I/+[=5&Q( :J
MSUYF8U&L!JL5>Z6F$L@ZDV 0VHL" 8F24P:LO6BQ+8)Q]9(DS9B N8[C&&#P
MR*4H?%*P#&BQ>0K%/8@ E/#]U:48PL<8ANSB6L',BY7#-)I(P/C3J&S7<036
M4C1:L8';1X%")EB4H+:+%Y"L0]B "4\/D5I!BRQQB'#.%8Q=RKE<,TFDC ^)
M,G;-I!!-9B-%BMB?M'@4$F6)2F_N_6^3TVK[/[GUZ@\]KS1TYI %P?W:H5];
MI<5G[\*U1+6MD+_8R+6A(K5C_5HYM#"0B:VYC8K=M5+*&)3!Z4KJDLKZ:KUY
M75-A]ZR$F70(IA3<LH"56HL60C-&>TQ.[3)D&="MV<I),S&2;8V8B>6?>7=2
MMD(U5L"6@0#( TQ&;$M=B"&#DDIV,ZT!S  T@ADWE7FS*&JQK$*7K#/(M9 '
M:1Y%,'ED4KVP8)DO=?@H;)\8T1D@6)XLEQB32RPPE;C8V_-J-+-!/%%/MIB*
M26&6/7;.\>^,*4GKE5 [DBG3D$DK2M)AF21X!^+#.N6!;+J4F?K,SZ20;&+#
M=(YLBEQ$+68WZA2X#/4'G@DJ5KJ%:R[$ <N?C#++M5B]4UR4"?E_1Q,L0Z3B
MN$VT^\DI%8LP&\+NNE;RRSQAE;*&V1;&H>+%ZE+OQ2D%9>=(;"QUL \K*K7&
M(>,0>ZU0B%78]1(=I-X 6.\PIJFS*!Y)99H$%O4V&OPE29-C5:FZ1$1J4G_Z
MKN])_P"ZZ DS944?\:W^@*6!6X^G^FUJYW%*VL2S/WRP":,J@1=5Y&8SG;H2
MCJ8\0Q*4Y29TGL2P-U7VRUXF81YF ;)SA62TV'&^T>91#@I9A28\2:;QYWAE
MWUQOIOIG/W:YQA2MGXI1XI1XI4 ;K;_897[V<_%5U:^LO7TJG 5![JH&L,E9
M7N6HUN<R=/<G#UTVF3H=6N*]S]FAW<;]74V,.I6A:#7..F=.?M55:;IZ_.GV
MGIYXPR=TMWMQ1NK]@=<WKW3+\40P<P#Q79+U4#G])J)?7N4HP62^IJE_0>>=
M,D0<F+O5SH#/U]8INE%#ASINT<@N-VGEB3*::9P/#&<X/ASQG/D0*6%:Z;]0
MEFV0'OJ?15B/76J3NTR_EEPDE;#1A>I>]BRO=.[TG:(9W\W5?80H8=M4]SJE
MCD@ZD]>P-5/"&JF!C\?'N[A[Z2=9[?[S#<\JN[^A-4-IA7J ;THQZ]]%O\E#
MA'YQ9&%4:+;#'T[1EU]ITB\*Z@HN0"(,^?EHUK:0WA_7S*^79"E,#/'PU&NO
MAI@9X\>5?-[ZS]0V.B6_<BB@UQG8(KY JWHW)+3>7W/I@3/9U)24R^%/>I9[
ME/:#*5Z\[2W:$-2N1B=!;60D%57SH&U*4PG/'IY\,\O'3CICC6^U[][GXW&K
MVW+7R2)&Q>)[!<=N%7B\D$&BVGV$AY\&H2Q7&J#6@6WU:I\"FM=S7/1ZE6BK
M^XT<O:E,2>;SE3 Z_.F>7CW\, \]8EZU[_+UL5?Q4XW]LBL%C28/LG$K/"JW
MI\<UL_3]4.L"^WUZOD,$]U%1<^ Y2"0(\LU'_'UQ8S,K;B)JL4.[Q'=ID>[G
MRUSY<:M4#C)A#%B-)U,,B&@C+,T'P+H43I%KK.3H+K)-J-K/+C>74?$LN(<;
M8CQ)OC7[LJIK)\4H\4H\4JL8SZ?!H1E8?U_HI;)HGT[5_4M5O%CZ=9.<7H+J
MWLKRCO'](RU1G=6B6D5.13SH^H64"G)! +#.V7G/$SY"M-JK956]_#X#'3S[
MN5)IMZ&]Z8),58OV$7V) !4P%<&SU=92&K]_LC]6%1Y;J.Q-[O5MUJX[UZLK
ME0-;*KTJ,_?IYT+L.9LM,LKU3/=\Z]/$>ZO9/].R['6Z%SU7MD'3E4-E?V5B
M.TKQ(DMN+<T7JE91X<P0L=C-(N;D]!7*Z5I8+%?"X*>DE3#,D@1\JOQ3>XX&
M/#R^>7?FL:?Z??5&6H>&7L$-*X2F7ID;9M%UKG?]&97>E=JK:LWI<\]PR5F2
MAKNKB\\J\R)@&UDY<H9KL.%Q)U>%J"F]W=/AC[<:_P \O76_3;(W,^'<_=W'
M6M0<L]C>X]Y.'Y.XN5"BC7]FF]F-EG/JB^56("RI5M4SWX!1$=$6(*U7U.8<
M%$A%9B+%"F]Q/4 >['W4B2/0(Q&=6(.:= AI5?K]EVE3QQZ6HUUSNJJ+?S!O
M38N;EDV6<<9ZAH/.V/(\?OD)JC>L7E\5N-. ==:KT149ZZ_)_B<_(P@J?]/_
M +938V0]<[?5J;';+92&]K)J*>\P$CQ4>/U/CFM"/1G<#(R;U?)?7&TG64EQ
MO*$.5UEAN;+:RECT^[*G(Z<N[]KNY9'NY<L1_P#3IZ"T62SI[MR^HVDNGUNH
MSLJ_7+D1'!I5='V!VV,72QW58S(L%BLS#IKY<RK>RV&YB"M%40W4Y8^[+E-[
MAW:_..G#P[O9JVP2.>$06$F?!1,0\,9!.L>8=2)](]=99]8=I9]HL328VDQ'
MM/-G3&WVYEDSC[\JIIM;ZF:+3P>E5(*8ZQUT38)^B"QK@F]T?\VY9]=CTVVT
M@(L26:2=]0I"\Z8B=;,:WJQ2*+M9&.%*7Z5RKL2=6_2&PLD[H 1HK/'SMF P
M Z#0D4F/[]==\:RPR:;XUWTTDU^?MDTUWQMKA2MGXI1XI3:N.: 2LS++3V1E
M!MQLF"3VR&.#=38R=--==/ZUJI&/V2SXEQ$.,0VWB N8ZV+9>AMR+27:7Q2O
M>OV&XPM(:Y=JM^(J;2;]!<JIF5C3''Z:+:3.#1"-]K!26I44!!F5;>)M71==
MQ%8%_L#@C07*E,=SKW>]<NB(OZCS>A.?JIE%!L*XKJT@//AG*'J*JT.Z$Q3G
MO3XEATEA54FVL-$L9V+&L#KYQ;M,L%R-,0J<'IUX:\./"G W]F> ?O,2(7L'
M.F9O[Z;6&>RBY5QH'6GX$3/:13;3064P]8/G)3-%00KJ0.<QT"2G'CD8PRCZ
M*8/3O\J<:F] H?103VG/[K4KRL5M)D;-A3[&HLH*YT.*&?.H.+3&&P",X@6*
M\V0&>2,G4,\(K,6("X))%1C'&HG^[ET[13%'$I./,+@JB=]<-4]$/IR0]J3!
M38^2]/;!89FJ_7#VD/0K9;PLJ$6&0_,<?J6&X":6P*H6DFA2I&-<]/XCO'VT
MQ_\ VT>TU;J%2I-@YTR;5QF'TXMY#!Q_LYG0*Y6*!^SH:1<IVJVNKDO2,=><
M62FNY8J3SRMR<^TN:^J6A"M<P2R:*G P>NG,8[QY>.O&D*O]V/;/;)Z47B^[
M"^!\S=]#EYRWY5U>6Q:D/'OMM!5MY["HA4HJ[5D>_#>>*04+A4=;[N-?QX5[
MO#N5)-9%20GRSC.1^SG[3]U*N[^UONK0 G\)/"@;D8%:6*E._J?&.K;)R DE
MM]I*D+&;7M+TX=2_XA?X&\RL:9\E8LXJ@K[G70M:_P!%+DJ$]\5& >>/$CN^
M\^..7)U:GVGVJ?=NHU<L]+7U;FC'I=@!:$+^3WR0F6FX@]PT:%8YMS)^8H6&
M0E\-Y+=BK; J5*S(^M5JMQKX1FJ%I;%,#''E\=/O/NJPCQ5-'BE'BE'BE'BE
M'BE'BE'BE0)J7K7U^H%^TI#]IQ;M^/8 J-ZN@O\ 7+(D6Z/5=/L *(+H*(N?
MI2NS5D-K%0ZB(L41H=$M%0S,8(6348-).JK/#B,=/+/AUYZTCSO1'3ERBHG>
MKL-)JM]J-07)9&EGDG4(;2[$M50L+%HW1IZK9$0>SYNK:]'8;Q5LX8+IZU [
M0JE$[NZ-&JF]DZYQW>!_EQX:=,6/BX)P,-@W>"0S$$."Y!8Y(1MR<1ZXGW&A
MEEGEB@VE^_:&.6>:32/.NN\LFV,[Y537OXI1XI4<?:E]UJL\FR]XFJ:O+VMO
M?,B84RE40YF:H([]7MK6O, $UR7(G,KF&0[F0208J!7(5,.8'+IH3&J1C.O#
M7[*AS;O8WWTI[5NEBXS7;N0JKMO)5&57A/9=1[I9,<27]"J<(\TG03:I4*\E
MOS*3GEEF<7QG9K2Q3R@4ZMZM6!>E;5( //'#F--<>9\@!SKWMOL;[>""WUOR
MKB8RNHAG[C<\$L/K7W EQ8VUBOW=I9;/:4JNTUNWHTN4'.Z>0Y_1\[:.B;/V
M2OV-QHB023[94P.OCJ.@X<N)Z\JR9_8OW:C659^=RE8@KUYGO$I9(_KGVV\V
M/C*JJ'/!JO-:J!7^AA7#I1_3"-*NM7@(UU!)J4#<VV-1VB!2TU 4P.O#',:^
M'3'GTI__ %?ZM['=(M/8 >Y\W2\_25=Q$'1(@:IT2O,I8L7'HJ>49B[MNL]3
MOD<M604BQCV3G3&=-%-8S!"HH]=UWPJ" ,8UZ\/Y^^IB^*BCQ2JB /0[U.-+
M8^L,'3.Z"V'_  V4UTE9O3J75A'?+N9U:P4 4;#/3U[2\QZ"17(>X_J"+Z3%
M9^E@65A7B\7(<A;'!JJK)XZ?B=>N1G'A[Z4$G*_1N^F\^N&>A7V)LOC%NW,;
M(8M>5PL%ESAIV;MB/H]>V><Z &EFAWZQT5_7#YQB:O?4:$]2O76E2BN(!2FH
MY=W7C@8X]P'=GEI4X^"\!JOKU77U9J#RU-U3ZQ9L>!K'+780D.W[(G1Z**RC
MJ-;J5;1)\0)HCR(A$NI[1V<U<N6#%B?,1XJ"<_/WYI]/%143?<3IMFX[S%=>
M:/%50[83<*U2HK5;=48*BL5RSM!B;(2=9[.U15BL"EPHPX!S+0Z"1'6#"!7F
M,YV6C"F5(&3\_9\Z4UV_4NT]%6^NS7CCSFZ+JO4^;+;)U!!9N=-#DU>CJE(1
MW.P+[2?#8P;=6- K7TNG4E;4#)C+)7]>BE6S4=KJD;KF*IP->@T!^>.FO+AW
MTO?7_O=PM5Z:\BZH*#IT%96FMB#.JJ_;6I-J_7[B769WFIS$L-](8P(. 4Y(
M@JHU'9FUMNUJMC-C9;(4BH(TR.&GV>[YUJ8WBHH\4H\4H\4H\4H\4H\4H\4H
M\4H\4H\4H\4H\4H\4H\4J*WN9TSL7*."72U<*HS6Z= '36*8"=8I7V+2I0)J
MC8K-O82ZT8X4$V+8DE&+5E"U9EB1I8;(H9&J629>T#F5(P3J<5HNI.^S7#H%
M-3\&Z"UJTK"B=4</EUEJ-:,YXO;43[JFJ4O7)%.<VM;<'/1;>A^S5:Y,18J/
M.;J8(F9EY&_=%!CGW>/V],^9%9OKCV>[7%RZYWTQ-8/ZT0(U;G-F&KX85$<)
M,*ZS ,U7-?E4Z.+MQS4UXL9,:324[D49RJ1(5CFD75&D4(Y\C\_/'XC,N?%1
M1XI1XI33S<OV_K&^7L2T,!;%>%E K&I,BY6=#7*52&#)E/7$PAD$HN9+"79;
M>2<V.A*GC)= [;P%C5Y6)JI49:MZ%T&N<^84Z-HH5N)[ P?U^U\_YU4^;S\X
MFEYC7N=+M.3@(--]^:2:L:=5^FV&6ILE\5FZ,,W/E% KSK:M!*G)^SCSYZU,
M.@U@NETRMU0^R.K@:B5#+R;+8BRCW+B:'7/WE&F'E,&1.?G/XH96C-LVV&CA
MRU<-V'ZED4J*5_BE'BE'BE'BE'BE'BE'BE'BE'BE'BE'BE'BE'BE'BE'BE'B
ME'BE'BE'BE'BE'BE'BE'BE'BE'BE'BE'BE'BE'BE'BE'BE'BE'BE'BE'BE?_
!V0$!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>g11785g70m42.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g11785g70m42.jpg
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M]*>P-_\ Q3U-^1UL^OO%/'R/XCZ4]@;_ /BGJ;\CK9]?>*>/D?Q'TI[ W_\
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M%F+&WC6&&TOI8(XEWXHL9"[#?<^_?W^:L_3%Y+D-/XF]GD,LMU913O(WO<R
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M2 *]'L--++=0X360\*'8PY[2D&4&-H4MU&.;;%32V757,V$LW:L8=%MDBCR
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M-XSA"$XQZ68A022%!"@DD*"2Q"CX L22!\23[S7@4 D@ %B"Q  +$  $GXD
M #?X #W"N.I (2^OGB<UF1JMLBRP^WOBD3XC@E/,6U!CM]?(68"AI!]L?+$*
ME#L5'8L +BV51$?ALLE",,->3L4Y _I!TON(V:5;G2'2R-N98<S/J*>V:1@W
MEG3NR,I8$D[_  8FN1O0 X+J7#(%C:VU9U.D7@%)40X"*X6--O 1NU&K ; #
M^*C:S/HMID4VZ=*>TL10=F8'U'6.V5=LTN+4+5)AS2=B[>W,PU$1 0HI2')
M62F8Z1>,\T0 44.8 =*6>D,-=8:[U8MO::STM,Y=\I<Z3GMHTB [7H,/AI3-
M)+LH[9CCDBX;M(97B8($#N++T/I9I[G1^IH4")C;;5$%Q(TI/<];E\O'V8XM
MV/<$DD<O,JD8C65>9?@AC[_J2)\*^5GHZ7]A+L*#%;QL\4<3;J'+0XY*+#'U
M)W$(*Y+"(2<Y*LP9#CT:UY_K38"<NM+PTCR23_LV3]NYURBRF-S@K:=%5RK?
M<278[HV(\Q&90']Z&3P1RJ._]HF$26VBG:(.@S=S"S% PVFCM#VCN#XE$1)3
MW.(_(/&H==%HL>0Z6^%WZUK>>L%=K7BI2DO?GVZ2Y+0DKF:B)&#C0'$K&6S9
M9HC$</'>S&VC#&QP&&74(8&:2F9Z[O\ T^M.J2+=/%</TIB]"4D=7 BFCFD[
M#H?8"]QI#Q9?+LPW+'>(:(L._HWIDS6T<MNO5"3UO-(RA,L4D,?>1Q]X6[:Q
MC=6.R*IV"BNA?Q3X''8?H3O#55/U]LZ+F!:P+/5]1NMK/#0<6/5'FBY-1"DQ
MBF&@PZLW,X&%2AMKTR!D(4UA*<XYTZ79V/!:\P61NR[Q2W?IISL9)'>[^[B/
M(D$%KHPF21B=EYL=_-= ]3,')F]#YK'6@1)8[47$ )$<:+:;/(-@I&RVPE"1
M@#=N"C:N2G?WB"E[6Z3>'V]6R)9O8W4_6O:?JSM$E]F,]"''[NTG':EU1*Q2
M8]X%:$26M(6TA 2#P@TA%RM5E"DN29+#91_7F!T*F+UQKZ&XB!Q^I[_2^JL9
MLL_"1\/FY<IE(9)9%="\62EMI)85=DDBNH5*QHQ6/D_.:V?):+T+-;R'UVFK
M'4VE\ENT/.-,OAXL;BYHXXV1PDN.BN4CF**T<UK*=Y&4-)BNB++NOO[,=<NF
MMKC+ML"JZ0ZM]B!X37H+AI[5?ND=JC:U8TE;&:K@J(?$DZ[9S]2(\Y9JQ2!G
M!9&5:1 ^O>3)U"F%Z?0:AUE;&"SNLUJO3BS7PAW>XM+C*XFYS-N;E(Y@]O-;
M+E6D?@.V4ECC?OA!6/@'S.O9\!I&Y$UY;8?2^H6ALFFV2"[@Q>5M\/<"W>2$
MK<0SMBU1.9[@:.1U[!?;;WB>=+[A2;3N[8%<KNR:[1]=':5K&O8B\T^RP*S]
M":;T-1-<NV*%E)9M]Y>'+1-SHAX<D2V.>U"2Q29,J04R)(Z+IAKZQR-M@,?.
M(IKW*Q9FZOIK8QN(,[F,]D;X6]W&@58F6VM871E7G&+FW!C2)N2;SJ5H2]Q]
MQG<A!W8K+%28>UL8;@.AFPF(P6/LC<6DC%C(#<W,R.K-Q<P7![C2+P>4N@?]
M0'K+56Q;KL^V:CV-<9)_7^U(.IPJ9>"BLOD73M[L;<%5K$A-*]K>J1]<UA?0
M1";!B.)6[.0!$*-"X"=#EUZ3/=!\ED\?8XRURMA:1C(8N:ZG[,\P466DK#%7
M5RD0[6[W&2L)"L!D0"*X25INYRB&XP77''8V_O,C=8R^NI/09.&UA[T,19KS
M55]E+:V>7[WC';XZ^16G$;$RV[Q+ (^$IIZZ\P5A[C=P[5K2NUVX;'H^SK3O
M'9D1K(8V00IR2CJEN2R:YE%!!20>12*W8;J\<ZD8I K:Y:86:V2&6>EVU]37
MEMHK1D&7N98;*\Q5GA,=-?QP":4QRW>'MLA"@[3M*+B"S5 &0OQABX%61-JM
MTW9W&L=83XFWCFO+/*76:OXK%YVBB[D=IE[C'RN>XBQ^GGNRY(8(#++S#([@
M]K&V>@?5#9-0C:P#K#?%>56M$[.TI4WW=8VB90 O9&O*UKE^[EOFQN)E-B!A
MJ;7$/>P): #E6AY!@\9Q$L=E[B/%=4]2XZ[DN7>*?U.<QN:NE ,)?[.O[G(+
M9(J'LFW>:\N"O?BN'B+(R,#$FW9V4Z8Z=R%K';HDD'I\+DL1:DL)@AR%C;V!
MO&9QWA.D5I;@]B6!)0KJZD2OOS6S&@=AZ]V7XC%DC*Y=X&,Z6:]K-LU+L6+H
MD@&/4^P<;LK1.^HN?E&Y 1]VN24A&0%I>BO6PV4!5VPD E/XQ(Y(*Z8@U1C,
MAB^FD,A6:37>2N;+*8Z:0F67 28[.8*6*0(5!ACEFM1*Q?V[B!)$!X;+SC/I
MG(X_)]1ID4PQZ(Q]O>8S(PQA8HL['D<)G(I4+@[3O'#<F)0GL03NCM[?)[(3
MM&5SOGH_KR/:=9;;D#]C=?>E=AV@;KVJV7"QH:P[ZWK?=FVF"+/;E6G0!\7B
MXS,>6XX<J5.<99\\]T-IG-;_ *5RZ#SNI!;7,*1XO/ZUML:MXBNDL]G@<%98
MZW<1+&6:;TEI  @1557*]L,Q%B'2T6N,+IXW%O,SY/ Z+NLBUFY1XX;S.9R]
MR%PAE,@58O5WDY+%B6* \R%4UN;<ZW*DNAKO9N.K1<3)V(33FFR)3% LZ#ZK
M/:TW%3==U"?C;<6.>+EYVA0<55#66)6-+:+A!!TM'O31. ['Q&KUCZ@#2<AN
MI$M_MC-#>5/274&1PMYDKNV>-. W%]-+<Q@I(K=]O,?97G7F5TFSZ#.J4]-&
MUS]D8=MHY/56L^/S%ICK6XCD;F=C90Q6\G%XV7LKL'[K<(%VF;[#$Z]+B9N+
MOE-W+U[A-3]."Y.2S9(Z[*U[LEWMOL@V E_6A&#*T 92'@*@1!E/8,?IM:2*
MTE<<_+ C6%;+IY,C')"UK>8?4,F9UFJ0I#+8B_Q7Z(XU9$*LT<\_K2]W%(J\
M6NYI'!#QQR- ;AL^V/E29;FSRV 3$:0=Y))H[YK'*'5>1:-PRJ\$)LU2TE1C
MN+6%$(X22(N[=LW7Q:>V?735>PK-$['OFH-EW2?J^LWZ76R,R,X=3:?#M249
M6HV %].)5A8O0!$D^'7FF!G[+1;589QI4Q+E2$UH\3#THTMJG+8>V-K89C%X
M^WO<D]\Q%G%'>WL@C,UW<'M2WS2Y]$ G=Y%M;VVAA(AA6.'=Y67JCJ;3&*RU
MP+F^Q.3R$]ECH[) ;R62SLX^X(;6 =V.Q6/!,^\*JC7-G/--O-,7FC>]T[[.
MT2E:?5"16PT1>Y:_%[ZF8@",E@JX/'T?9$=JZH3Z6#1V ;1,5:3VL&EN3'08
M( K8C49&.N^ND/'R-=::9R%[FQ,;428*ZEP$,\H5KB26\Q<N6NX8V0L\-O=1
M8IQPW1I6QY:0 HJI'VT=J2PLL*81<F+-VT.>EAB++!''9Y*+%VDLBN DMQ:R
MY1#RV81K?\8R59FDMY_T]NO]F6;Q%;ENW80$S7#IK4]\V1@"6KLC%AV8/<IL
M%-"VB ><:' Q%2F"F#(\@5I8LB&G*17?($I"*JZ^Y'&VV@++!8]X[E(<G96'
M=AF24VKX59K=[6X(+.)HR"K(Y#HVY8>UN;/Z%8_(7.N[S-7ZR6[RXV]O^U+"
M\0N5R[0S+<V^X5.U("&5T!1UV"GV=J[E^<4UV17YG&,X\F<8SC_UG]N.*5^^
M3BE.*5K>[4%RW6K3UE1*( 3JR_3%V=#4)DE4VB5U5LG6V(YM_!+. %,.7YN7
MR4IHS#B(M87H$*+24-L;*^%I:Y:W,1?[3L(K(/SX]DQ93'9'N%>)[@86!BX[
MIL90_(\.+:^\L3=76)N!($&,OI;PH5Y&82XS(8_M@\APV-\)>1#;B(IQ]ODN
MR.:ZMA3BE.*54-6NF%1V'(=A]</QY2]<[&[']TL[FG8TF%A+8^UV4U'6QCUC
M'-@^E--CTVPFO5\]\*3(BX:*B6C5$-B^5RV;C6-WCX\!D5D09''Z>T;]CP2+
M--:J=.96X:/DA?9$D](EQ<1J\2RS2RE.);857;:1M;]\]CS&QQ]_J#5_VM-&
MT,-T1J'%VZR%'";N\?JF@@=DD:.&.(/R"^;5JA5(2BU:O4VMAH @*O#Q\'$B
M(2C'H@8T9L5CTF6T-I<?<2WZ4E[S$J?(6Z^ORK<5G-77=U->W5Q>7+EY[F:2
M>5COY>1BQVW)V4;[*N^RJ H\ 59EK;0V5M!:6ZA(+:*.&)1MX2-0HWV !8[;
ML=AR8DGR:HL_U!%419-(],U"1[QUA1WSU/%PR1\/NDN8DJ!M8Y\!@5M?HGW#
MC(.+PC*VEO-K82EA;>''DN7=T%NC;9K6 :0);G0V5DFY<0H[>0Q4:NS$;@(D
M\N^Q (;R"0NU,]<K47&'TD5C+SC6V+CAX[EB)+')NR!0=B7:&+W@D%1L1N=X
MT]&M=6"L]&.DT"[ZK)&8\8*4/3F-<<6CV?3-A[>A9LM?K+(RD)9539F02C&%
MJ5'I8<SY"'%C-R36V0M[C6^LIQRC3_NDCC/< W[EYC\5-"HXEM^7K(8R? $G
M(?J@,8[HW'SV^C-'0'C(_P#WK22?=DD=NSOLM#,YY!=@OI)I-O)[84_K$J.G
M2PP49:8"<K$TPHJ&L</)P4L,EUQA1$9+A/QY["7V5(>94Z*0ZWAUI:'&\J\]
M"DJQC..:[>>2UG@N86XS6\T<\3$ \9(G61&V.X.S*#L1L?<:Z+G@CN8)K:9>
M4-Q%)!*NY'*.5#&Z[C8C=6(W!!'O'FN)?J'X<$]4KI8V9BO2 =(OOB!:RKD!
M 2E9E$,Q-'ZZ]HC0B'/7IGT+,DQ9JL_-X#?9)>]-"AODI4>E;S;G9FK>HD%W
M9VYAN8VO;#0>2N)YXKF(M->Z@TRCJ.W#N8VMKH0\U95XS,%^[(4CC[2N@)[6
M\N!+!(MG>ZYQUO!!+;2A8[/ :D=&W>782+<6S3<6#-O$K-]YN09@>##UBD]-
M>+1XD\:1&MKA]%5YG5T5*2R1&Y]<;L*YQ4_0)844?TS30UIHVOW9@U3#Z/5D
MDQPSC?E(4AJ)=8=2Q9CI5TYD60B7-W#9.6*(N8!)86DL%]$S-L2UK>WXA3DI
MY%9&!]G<ROI)IV3$]3^H,;1@Q8:!<;%+*%$QCOKN*>RD55W 6YL[$ROLPXAH
MU(\["^'O9U.B.T&@MZUD&,&D-F6K06Q-<:^7+&/,0H%BFHXDVN2#[;*<Y00+
M86PE8+SZ7#0ZGD^@7G.,XH_0^J9=-9[!W+RM'C;7.X_(WXB0--);P2*EQ&"3
MY5[<N.'C=MCR&U75K33,6H\'FK9(UDR%UA+^PL3*Y6%)YHV:WD8#W,LX0\CN
M N_LFJ#+AX"VH9O1G53:!M8VV!LH_1M,K^\M=M>K--U67!ZLW68F9E\5F']H
MQ%FB=K1T+'MMGXD67;&3$Q10I+:R Y&];/KGEH,WJC&)<XJ3')G+R?"9 \B;
MF%]3V4,,08R]N:WFQ<DTA*=MA;K+*K*0KQTC=]%,5-A=,Y)[;*)D'PUI!F;$
M<0+:5--7DTLK*L0DBN(LG'#& _<!N&BB96')))%^ CUBUIJXK;EU31X</:0&
MINI(Z;8ECT4V+"[OZOZ@W'<X%:V<#,J%D[4Y&RA+1(JR63@U+R]ZP0>Z7'>N
MFI<EDUQ5D;V9\6^5U4WI"V\+3874N6Q%I. >1#Q6HDB4JP4H^VW$(%W_ $2T
M[C\:V4O/1Q+DDQ>EU]4%VF6',Z<Q66NX"5X@K)<F.1@RE@Z;\N3.6Z1^<[UT
M!48[+UHKI%9WO'U-X>,L>_MAU[8]OFY(1A[+LM 1^O8 <12PAV"R(\:OZ^!%
M 8*=(4,286YAS#;ZT8DEMJ.X6YP<ET&DM\%83X^TAC=AM%/)D+AG =BJR-<7
M[LY4+R5$'O -1VYT] UOFDM2L=QF[^WR%U-(H.\MNEA J[H Q18+!%0,6XL[
MG?9B*D;%Q47"1X<3"QH$1%1X[8H$9%ACQ\>"*UCR-#!A"-M###MX_8VRRVAM
M&/V)3CD?EEEFD>6:22661BTDLKM)(['WL[N2S,?B6))K?QQ1PQI%#&D44:A4
MCC14C11[E1% 55'P   J#'57J]&570-KTMMFG(E*P+VEWWL"J5^?7Z<8BIM]
MG;=LK3QKC LB5Z6*8B6:N4)$R#RA3HAAJ-F(M<863&+FNI]32W6>M<SBKLQ7
M+Z8P5A=3P#BRW1TU:8W+H"T:[2M*;I7EC 9)6,D,@D59!#--:;CML'=8C)V@
MDMEU+F[ZU@G.ZM:C45UD,2Q59&Y1+$+9DBD/%XE$<L7;9HJTH=TUJ.][/XFU
M(F8?%)+W-O;14B+LUVH"RDP<'3.O77>;#5%FR:0W)JO@6(2TPJ@@Y5L&.(F;
M8(*X(<9)87NDU?=X.VZ;7L,WK4P^"S<;8T7;10QO>:@U# XD2+F(;A[=[6?F
M\1DD6&T=@Z)%MJ'TG:YFYZB6<L7HWR^:PLBY$VJR2NMI@<#,AC>3@9H([A;F
M'@DH2-I;I5*.\F\_:WH'5%+KVEJA2*F#3:EU^E%RVKZS7,>H1$(^Y0KKKEQ#
M[.<.O2*'Z_?[(\8^8^X?(S929N1,+/R^Z_ [C.Y2\N,S=WMT]Y=YZ(19.YN/
MO)9E%]99 %3X$96>PME144)'"O9C1(^(6;V^#QEG!B+6SM4M+7!R&7'6]O[$
M4)-E=V!##R9.4%]<,[.2\DS=Z1V?D6^;O;243M_6$A00F86#+<*I[T3)KBVL
MHBQJK?JE>O9X^!6VWF 32JF$AT4=2&%NMC..MK] CR?K@\U+B<G'?NTTZA;M
M98^Z=Y6NK&ZL>XW(D-(B73E6;=@"P!'(U^>:P\65QTEB@AA8M:F*0QC:);:]
MM;S@O$ JCM:H"JD*2%)!XBO+J+K;I'0[QI.IZ!'U$J0K%*IA9;,A.2I;M7UU
M'G1=,A4DSTI*/LB0@,D<RWAAQIPM1"GY!PLA*'4_.6U%FLX$7*W\EVL=S>7B
M*8X(E%SD)$EO)BL$42L\SQH3R!"\=D"KN#[B]/X?"EVQEC':L]M9VC,KS2,;
M:PC>*TAY322$+"DCJ-B"W+>0L=B-X\TM;FG%*<4IQ2G%*<4IQ2G%*TCINMSE
M?EMY/S,<_'LV7=TW9();V6\XDH,FE4*-8D6/1K7G##AT7(#IPYA#GGBN>5&$
M^:I6ZR]Q#/%A%AD60VV%AMYPN_W<RWE](T;;@>T$EC8[;C9AYWWK38BWF@ES
M331M&+C,S7$).WWD+6=C&LB[$^R7C=?.QW4^*W=S2UN:J_\ %7H(%RU%U]G"
MDRBS-9=RNOEYAT1^4>KY-(EIFB%*F&U"D+<C6H6[2KV/0NA+:D&P"%DY89>%
M)LSI;?26>7ST*]OADM(9ZQF,F_+@(X+U>T>2@2&:SB'D.#&74+N0RUSU,L4N
M\5@YF[A?':LP=[$$VX\VEFLF[HXL3&(;R4^"A$@C8MQ!5M7TS1LYUUUIU1U=
M-!2 B([Q1-PV*O+DS(D\^2I5UM':NWTJ<*>A'%A-+G*Q-Q4IZJI I@>"TBGA
M!&M/BM;*\S<.H<EJG*0O&QDZ9XFWN!$DJ1QWEG:Z8M+R!1, Y$%S#+%RW9'X
M<XW="K'6VF&FP./TQC9DD01]1\O/ 9'B=Y+.\GU/=6<S&$E 9K>:*3CLK)SX
MNB.&47(<J&K8KX<W6H*R>Q\SD:Q(Y@)P"RPWI_28]0G8S#R0))GT:T?^<;!#
M^&_/\]O.'%84A7[/)^\-S/;][L2-'WX)+:;CM]Y!+MW(SN#[+<1OML?'@U^,
MUO#<=KO1K)V)DN(N6_L31[\)!L1[2\CMON//D5#;J?JT.I[N[^;+RB,=EML]
MFX!3I@XJFY1N#HO7[3M>BH>2+5_^TP%*O665CFT9]$-B?+\F,.O/9S+]4Y-[
MK"Z$QN\@BQ6F[@!&;>(S7V>R]Q+-&G[+/$+:*0GRWIT^ &T2TQC4M<QK?([1
MF7)ZCAW=5VD$-E@\3!%#(W[2I*;B5 /"]]OB34Y>0FIG3BE0+Z+ZL;U$CL)2
M2_9<A8Z?L'16NIJS  I&<GT:[Z(]1*\,O#SJ?7EQ;9J9<V+"+<5@',J;EM"'
M2B5.SG6V3.6^P+U.[';W>/S>0AMI'Y" Y#7&K+AAL#P[A0Q)*Z@<^T@)(10(
M5HS&C%_;MFW;DN+2^PMA-<(@4S"PT7I:!3N1S,8<2O&CD\.Z^P!9MYZ<@U36
MG%*<4IQ2G%*<4IQ2G%*<4IQ2G%*<4IQ2G%*<4IQ2G%*<4K#;_1XC8]4D*?//
M2 \7)$PQ1#L6\P.:ER#FXZ?$PTZ2*8RE"S8L=LC"AUY6,IY#:FG%(=1F6%[-
MCKJ.\@$;2Q+,JB4,R;30R0/N%9"2$E8K[0V;8G<;@XE]919"UDM)RXBD:)F,
M9"OO#-'.NQ97&Q>-0WLG==P-CL1A^WM=G[ ?U,1'Y 2YK[<52V(0H]YYG. (
M6/GXP_ 7H1B/2GN"3;K0[+OJ[*\+<\\EOR8PK+Q.0CL!E5D[A%_B+O'KVP#]
MY-)!)'SW9=HPT(+$<B-ALIK%RE@]\V,9.&]CE;:_;F2/8BCGC?ALK;N5F(4'
MB#N=V'QW%S45M:<4K&*Y3X*J$VHN%&<'?N=G(N%@4X2^1@J=)B8>$>):2^XM
M(K:HZ!C6L##X;82ME;N&\./.*5DW%W/=+:I,P9;.V6T@ 55XP++-,%) '(]R
M>0\FW;R!OL !C6]I!:M<M"I4W=RUW/NS-RG:**$L.1/$&.",<5V7<$[;DUD_
M,:LFG%*Q> I\#696[S4.*X/(;#M EPM3JR7WTG3P5+J- '*9:>6ML-M%8HU<
M"R,*EIA3H;I:D9)*(<<R9[N>YBLH9F#1X^V>TM0%5>$#WEW?LI( +DW-[</R
M;=@'";\54#&@M(+>6\FB4K)?W*W=R2Q/.=+2UL58 DA +:SMTXKL"4+;<F8G
M*.8U9-.*4XI3BE.*4XI3BE.*4XI4']U]6K?L@>X.CWA-E-L].US771+N4.S#
MF2="NEYM04J9 9J-NU\*P,[:(,AV/&UL2S:%U04&?\UT@:=C%>@[?G_I_D?S
M\5FVK=$7+5>PS9F*N4?(4>P9/D+)#G#F.GNSIX+#LE(1#!.#&XAZ=LOHY,EV
M.EP1AXN'2%8XR_V.<'N-14_O?^_[^7QWW1<JQ<['+07L#8TY0( ..GO;::Q%
MTPZ=EY@@FO\ V=S@B[U"Y1HT3'A,6;![(H(IQ1AT4M)>&!'V75>?Y;_W_"L>
M]V-V_$3N/Y)U^^A?%>[CY#\_K3W8W;\1.X_DG7[Z%\4W'R'Y_6GNQNWXB=Q_
M).OWT+XIN/D/S^M/=C=OQ$[C^2=?OH7Q3<?(?G]:>[&[?B)W'\DZ_?0OBFX^
M0_/ZT]V-V_$3N/Y)U^^A?%-Q\A^?UI[L;M^(G<?R3K]]"^*;CY#\_K3W8W;\
M1.X_DG7[Z%\4W'R'Y_6GNQNWXB=Q_).OWT+XIN/D/S^M/=C=OQ$[C^2=?OH7
MQ3<?(?G]:>[&[?B)W'\DZ_?0OBFX^0_/ZT]V-V_$3N/Y)U^^A?%-Q\A^?UI[
ML;M^(G<?R3K]]"^*;CY#\_K3W8W;\1.X_DG7[Z%\4W'R'Y_6GNQNWXB=Q_).
MOWT+XIN/D/S^M/=C=OQ$[C^2=?OH7Q3<?(?G]:>[&[?B)W'\DZ_?0OBFX^0_
M/ZT]V-V_$3N/Y)U^^A?%-Q\A^?UI[L;M^(G<?R3K]]"^*;CY#\_K3W8W;\1.
MX_DG7[Z%\4W'R'Y_6GNQNWXB=Q_).OWT+XIN/D/S^M>W$T>_PEA@I'.Y+C;X
M1H@YNQP%RA=8-#EQ[L1(("=B2J1K:GR8LH+.9BG\K)DWH]R,1(CN!.$NBO#J
M;CY;?X;_ /V36V.*\IQ2M=;@JEBOFIMGTBH60BG6RXZ^N56K-M$?<%*K$_/U
MV1BHB?&*98*?%?B) L<]HE@9]\=;&'F67'4(1E05 $WIOOR0 K/I-DP,?+PK
M4_ 1YD-;+!#*I505L6D; JJ*TF H,) 2-I!A!=J:@D98:I4J*9HNQG%0D%'P
M AFNI%7UN//\?^?^?R/Q\C_.IM=?*!:-8:K@Z3;C(@R4B)&TN#XA5 $"!0TI
M:9B6@XUV2C*=KP"9. BCA1CY@>C5C)Y:'7GP'R<OR9ZO#[_']_F?]:W3Q7E.
M*57UMKJYO&_[4VU8Z_M]JL5'95,(KT08F2.19: ^#!:W?JXM9CHVLA&-"QNP
MZ#+VB1.)V*^"1'[(M(<14(*;058;"KZ! 'N\C\_?[_Q^7P%;$TGUQE:1<(F[
MVYFJ!&UZ%OP5;A:C+3LP-"XO^R++8T5UV:F(B )F*QKVEJK58H;2HJ,'"5+7
M)E,(#&B51H!7A/P^'C\AM^?QJ8/%>4XI4>>SVK+KN+5SM-HME37955B@)8QM
M^1%APK#$QA*W2H"0EC*7L44$1UY0LHKUBCV,<]Z)9B20V!I!Z0#5Z/!_OZC_
M %J(MDZ=;\FBY*4)V)5YR=F78&=G9@NTW&(:L28BQQ1KNF9>!,K-SC"-1F!Q
M $C*29N9.>GLAJI<A!M1$B18&%-Q_?\ K_C^'G\*L%U=5YJCZRUU2[)93;G8
MJA1*C5Y^X22W')"US5?K\?$REE/<=SEU9LZ<(_*%+<SEQ3Y2U+SE6<YXKPUG
M?%*<4JN'_:+NF3:["Q5@VSZ>(V6/N>6H)\=:['"6:"OUVD]@LT"PR,U4*[3)
M2.AJC1KZU278'VM;Y%L&IPC:++*5P:NU.GJ^MQX\>[;_ )CX_P!D^*FA3:-)
M5F\[8LY,T;(Q>P)NLS$3&&34[+)@<Q%3C:_(C BRY1(4$ :7'YD&XFOI$BO6
M'RI!8B)$XYY]7S6SN*4XI43NR.GMN;(L^G[3JRZ1$"K6TR9,'UZR&OBUZ9DU
M6G74Y&3)S(M4LQT@[&P53N%/2'%&4V55';&EG&[>S&-RM<LBO00-]_C_ '_#
M_'_+_,:VMG5&_9B#(.FW-1C:]@ZVM->F[=?KQ[5IR*-K^C5-Z:C@EQUGB22#
MY"IR9)]0AF:9@EBTS,K5;_KFVE/SSJO0?]//\?._T^?\014^N*^:<4K'[;%R
MDY5;-"0<V_6IJ8K\S%Q%C&:P037Y20CB1(^;'84MK#S\46\R>TUEQO#CC"49
M6C"O.PI4(-6=6=K5JJUB/M]_87+4V]:ZG*P-#6^R% A5RNW\ZVWF/FSH6MZU
MB;:]> I!(C\6=08^%R7!UN1E$R=CC/M6ZKW?R?'][?XG;;X5IB/Z==P86/ B
M:QNC3\)"QX(8HP%JHT/LJQ9?:&;3(GR]Y:USKK[0F2\EZY++*?J,<:S@U(1Y
2<X<,1/RBO21\C^.WY>?]:__9

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>g11785logo_01kor.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g11785logo_01kor.jpg
M_]C_X  02D9)1@ ! @$ 8 !@  #_[0A\4&AO=&]S:&]P(#,N,  X0DE- ^T
M     !  8     $  0!@     0 !.$))300-       $    'CA"24T$&0
M    !    !XX0DE- _,       D           $ .$))300*       !   X
M0DE-)Q        H  0         ".$))30/U      !( "]F9@ ! &QF9@ &
M       ! "]F9@ ! *&9F@ &       ! #(    ! %H    &       ! #4
M   ! "T    &       !.$))30/X      !P  #_____________________
M________ ^@     _____________________________P/H     /______
M______________________\#Z     #_____________________________
M ^@  #A"24T$"       $     $   )    "0      X0DE-!!X       0
M    .$))300:      !U    !@              0    <$    * &P ;P!G
M &\ 7P P #$ :P!O '(    !                          $
M     <$   !                                              #A"
M24T$$0       0$ .$))3004       $     CA"24T$#      %V     $
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M!0$! 0$! 0         #  $"! 4&!P@)"@L!  $% 0$! 0$!          $
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M '0 ;P!S &@ ;P!P    $P!! &0 ;P!B &4 ( !0 &@ ;P!T &\ <P!H &\
M<  @ #8 +@ P     0 X0DE-! 8       < "  !  $! /_N  Y!9&]B90!D
M0     '_VP"$  $! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$" @(" @(" @(" @,# P,# P,# P,! 0$! 0$! 0$! 0(" 0("
M P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,#
M P,# __  !$( $ !P0,!$0 "$0$#$0'_W0 $ #G_Q "]  $  @,! 0$! 0
M        !PD&" H%! L# @$!  (# 0$! 0            0'!08( P(!"1
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M-#0T(!!H00?B*:A39/&V\C0W&0@24=U:15(J*BH)!%0:_9KR/Z_81_>O)/\
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M<IF6;$7D*U)2;1([A(HF(!C@)R@(AY#E+7^+R>*D6'*8Z>VF/998WC)IWH'
M/35NV62QV3C,V.OX;B(=VC=7'7MU4D==9C*RT7!1KZ9FY*/AH>+:K/I.5E7C
M>/C8YDW(*CAX^?.U$6K1J@F43'44,4A2AY$0#D.**2:1(88V>5C0*H)))[
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M$5!'V:^2V7.GT*&7L=ZM=:I=>;'*FYGK9.Q=<AFZARG.0B\I,.F;%(YRIF$
M,<!$"C_N'GU:VEW?3+;V5K)-.>RHI=C]@4$_R:^;FZM;.(SW=S'% .[.P51^
MEB!K$\\W#%=>%T7)]?R[3S,$SK/BYYH%3NHLT2+@U.JZ"M2TF+=,CD03$Q_
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MDOX"'@.Z^/6,'B[QONR(3U[6W>::AZ/,Y)";NQ)8I K>VBZXMSUY-Y'\@;;
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M'=YY?/\ AX_XURG^RY/[^VU2?GC_ (0QW^TH_P"YN-6(?4Q_[<'4+_PDCO\
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M*NTR1@'ITWL3[=;7P2VYE'PV\Q><5K?-1"2.WDD*N0IC'I,VUFW"-R1UZ[5
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M?=QX_&EEP-NY*U%#*_4>HP]@ )$8-" 26H31:2>7%JJ=7C_IYD[$?['ZT:%
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M4T]U0 ::]&T42CWA-FE=:;5+>E''64CT[17HBP)L5')4RN#LR2S-V5J=<J)
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I<::<::<::<::<::<::<::<::<::<::<::<::<::<::<::<::<::__]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>g11785logo_03kor.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g11785logo_03kor.jpg
M_]C_X  02D9)1@ ! @$ 8 !@  #_[0[24&AO=&]S:&]P(#,N,  X0DE- ^T
M     !  8     $  0!@     0 !.$))300-       $    'CA"24T$&0
M    !    !XX0DE- _,       D           $ .$))300*       !   X
M0DE-)Q        H  0         ".$))30/U      !( "]F9@ ! &QF9@ &
M       ! "]F9@ ! *&9F@ &       ! #(    ! %H    &       ! #4
M   ! "T    &       !.$))30/X      !P  #_____________________
M________ ^@     _____________________________P/H     /______
M______________________\#Z     #_____________________________
M ^@  #A"24T$"       $     $   )    "0      X0DE-!!X       0
M    .$))300:      !U    !@              40   $L    * &P ;P!G
M &\ 7P P #, :P!O '(    !                          $
M     $L   !1                                             #A"
M24T$$0       0$ .$))3004       $     CA"24T$#      ,+0    $
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M!0$! 0$! 0         #  $"! 4&!P@)"@L!  $% 0$! 0$!          $
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MI9IOL^G;[_H>KZ6[T?\ U(DIZ/I/3LSZ[]9=UKJC2SI..=N/0>'0=*6_R?\
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M[V?0?[F.4>O==^K/7*^GC)ZA>VWIX=NL&/\ SA=Z4O<WU/T?\RDI],27*_\
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M &\ = !O ', : !O '     3 $$ 9 !O &( 90 @ %  : !O '0 ;P!S &@
M;P!P "  -@ N #     ! #A"24T$!@      !P (  $  0$ _^X #D%D;V)E
M &1      ?_; (0  0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$! 0$!
M 0$! 0$! 0$! 0(" @(" @(" @(" P,# P,# P,# P$! 0$! 0$! 0$! @(!
M @(# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,# P,#
M P,# P,#_\  $0@ 40!+ P$1  (1 0,1 ?_=  0 "O_$ *0   (" P$! 0
M          @)  H$!@<% PL! 0$! 0$                ! @,$$   !@(!
M 04#!0H)#0$    " P0%!@<!" D $1(3%!46%Q@AU9>W"B,D)59V-U<X>!HB
M-;5WN-@9.7DQ03(T1+1U)I9'68FYR1$  @$$ 0,"!04           $1(3%!
M A)1<3)A@?#1(D)2D:&QP8+_V@ , P$  A$#$0 _ +_'0$Z 1S]HL_NIKO\
MRSI3ZV(IU'8WIY&Y\>=^U;J_PP:T7K<TD)BU=U[0*%X?'$8/'5J1>LNJ=N9F
M9#@0#71_?7$XI(A2@SWU"HX ,9QVYSA@C4[-(25J;KW<'/CN4[[S[:LSM'-(
MJH>5$>J.J%)ZLILEZ9G<_,H:V8SR<(0+68L_[[FK^3G!J]=W6U/D(,?@Q<TV
MM5"N;S]JACK4K?>,Z)$IP-;(J=MBXZ4D:2DR(MN:CEFL38!.V$!($D2 2)!8
M"2#!>2R\!QCN]W'9T>!I]P6?[J[Q\?IBW)^D*DOZO/2"<V-YT"T"ISCEIR2T
MC2,ELR4Q24V8\VHX.%J/,6>Y"3(7N+0V(JT:-7$8;!VTMF+;8.D&66-(8?@\
MP[.3A!$ !=,MS5AQ]"$Z __0O\= 3H!'/VBS^ZFN_P#+.E/K8BG4=C>GD4U[
M6VSM6^M:=):SL&$6DR\>^K;Y :KGCC#B<)06#9A^5<FL!61(%A(XUF?I:^5+
M4T:1*1'A;T_?5&8!E<<6&&XAOJ?H\:PDT0GUYIL&L)4;)U^%7\<.J4$2+&6R
M9ARE"6H;32PJ,87Y<5'BB,7B6?A :\1PE?:JR;GK1R<S6Y5M^U8.!S1)^-MU
M3(37-0V/VRC@0VD"&$YP.1.&LJDI"2(LE0,)JL96"PY"6/.,B^0(O\F8\&]/
MN.\_O!.XO_A.V7_ZUM+^J)TGT'!?D/7T=V3F^VFN<2N^Q*%E6M,JDCK+&]=4
M4T7N[E(&$F.21R8T2Y4K?(57SB84^I$(%A6!M9. EG8P$1F.P8J8:AQ(7'0A
M.@/_T;_'0$Z 1S]HL_NIKO\ RSI3ZV(IU'8WIY&-HKJ-3VV'!W0&N-@1]O21
M*S:1$L,<6MM2%N4=G2N1/;RV6,T]W!.!2EHDF0+O%$+'F\X&2?D9)QH!,$;C
M9L6;PN;461H#M387#UN$M-;0AG3@3KW(UIAP6%-+GCO.Z>/,BM>$HS$(NIL4
M$N\>_P!#N/"@2?)65+ED)1=#6RE<D9WVI3\X7&'^6>P?\MZP='@:6V+>?5.9
M.@)T!.@/_]*P!^\I\8/XU7+]$3O\X=24;X;&QMGVB/CO>DN%S-G8AV1"&,L*
MQLH:4KTN3"\XP87A0E.-*R,&<_+CM[<?Y^DDX, [D-Y@>+?>O6:=ZM2*W[YJ
MH$G?HDN725-KZY2!S9U4(EK;(A(3&%=(V/ C5*AI\N9@9Y8B>]G/9G..[E*-
M+79.3H.HO.;Q:ZG:U4[KDWVE=TU15%$$T232M91KBQJGPM.K5JL+3VDA^<RD
M(Q95]WN!/-QCN]O>^7I*(]=FY 0Y,MUN'#D:D=4V3[\]A*%N>JAC0(;1AU!+
MWUV>8N!4-W:61>G%+(XH3K8O)!97-2\E4$U&)0I#W!^, 1*A4MEV/&WOWGXS
MM_6#3DBU=PK[:YIJHCDP7>:-6IYAHK=>91BKLN+^Z,8K$2I8FM4G5D XXM,:
MI(&<N,R6$DL "^E ELIH.5_>4^,'\:KE^B)W^<.DHG#8WN(_: M#K )4J8&R
M;/S9.B4%)%A\1UTFTD)2*C@>(2F4FLV%H"%!H/E" 6<"%CY<8Z23@S1/WE/C
M!_&JY?HB=_G#I*+PV)^\I\8/XU7+]$3O\X=)0X;'_].M9U@]!;:^S_R.0I^/
M3EN*(?GDDN,U.L<8V64Z+BP1]P/IJ[59Z]D  _ 6I8<K2%&C-(\,8C"@"SGM
M#C.-(Y[W1548LYELV1GRN8M+.:^O@W!^FU@8ECZTEJU2@Q<N=Y5[,,4OF#J!
M:JR+*@29"M5&C,SG(<]HA8R=![O)5I7M==W(H94+]6FJ]:V"SZLL-I/;5JFP
MVNY5*PUE"@2!&NDBU@9ZJ/M*12M6[ILI0HV>-.2@*<Y G#XH"33PUF-6HN#Q
MJGQIQB4[^ZL:MW_:L4=H5?D(>[$4G5@;:<;E92) =:<>)@*QNLJF(Y)H+929
M_K10N/2O;,D1>C^&8%5DQ206-!6Z-FN3WC"G-D<DET:-:8G(;,+@LTFY1#D]
M.KTWI*VA<5D1K,K,M:3R"'Q5/EQCV34A2Q0TI%Z-6J6$E(!JC3,%X14<OIEG
M!)QQ]7;'ZIJ&\Z[=H1L)4=W6N=14&FM,9GQA9UQY<5;<U5XX1JSX!6,W3/<E
MRB,-;30-AJ%4#'=PHP=]RZ%E6+#?"II=9VF>[&V]:VK9]4.-AQ/1N2D6934*
MDTS<Y-7+]8Z^C[!B.9!ZS"8[!9.;B*B&!2NC+K($C<><60>>7E21XU5S&SG5
M/U*?O63H3H#_U$(?#GL)^@FY?HPF_P Q]8/1*ZE@+BGO:%Z>:E[F4U=%6;@!
MF^V,67PU*&%:NR"2,<%2AA$\AJ)Y5.:Z51]1(!JLS7"D:8"9)X6$V0>*/(\"
M#48V4M0!^BH/6:%:OV/5K#&]T)W=]N694V5EJ/VDKG'6.K*GASRXN$G21-B!
M9;^[OC^^F+2E"H(UR$M7A&G3AR1@!AIPLN1JFP6\\6FW(D1N[346WLK1R'JD
MZT?'W0O4A4\N4!L1#-F9VC,B?8DZSL$7M&NI&R/;PF>VQ5X"A"0F H0=]SRA
M4(J92I%#ELAY K0GV^O'GL?=M)6]8 ]644]:+?MJMM7Y] /;%)8*5\;&M-&H
M0^*71Z<&R HW("DP]08V"6+%BX*=O) $HQ3"Q1I,]:CMW8GJCRL7MMG7VN&Y
M-ITELRWV 1:KJZ4:Y165QM[FUE@GK.LK6&&FJ,.L?BK<T-[>KR[.B-8YG'JU
M)1"0)*=,>R1J=4I4@%I+@VAIF2U))4,]W[W&<JHV5K*\(U%K1C>P++2C;'*U
M='ER&B61*;/4F.<K*FOG$Q)BPMM((CB<H_"56X&*^^E&H7H-<K_=:@8UR-[7
M[^/-5[Q&E[5:Y1^HF:NFO5-Y.<*O4HH=2D;D9<S=%<L1H'YP5NE4%*&\30(]
M+A*([!YI9N2@BN3+7TI%5>1ZTW.AD+\BC%07C(8TC>71+'G]QIB:QYP?&-.N
M/):7A>P 3/0&-:YH %G&H\+%>$PQY+P<;W>^*&Y/%^'/83]!-R_1A-_F/J%E
M=3__U?MN->BYJV[VO:RMFY<Q%LNQUXHC&-)O]L9#DL?*1VE)$ 6P$08J8=62
M()FXWN)@-R54H2(>P*<HTP 0B%DZJR+!4-V7;KEX/9I82.T42A\KJIWFL97.
MX]=\Z\\TO5?.[:SMJYUO'$*23\,H<X:8U.#@YY9A+!J5X\Y";@7BCN#$1L+A
MUTB\HV*XLMEYK#;RM&1S.B[QS9+?((UN[?;@=[.,->QC,]89!91U;HI6B8$$
M+<%KP!G3LR\HUP1$# 86(XWL8-.FR#ZX'=J6*PZONFGGJWVVP'ZN9"GLA(X.
M][3J[Y&CADG;R&QURY2RPX%!%K='F1Y8,&%$]Y4$HQP-$(98,@#T1-ED6CK5
M9IV\7) ^RU#L-+15>TS>:["39LK?<Z_0Q^/U!73EAW0Y,J<54QF/(XJY*,-#
M6O0>H$A 6XCQ@8S.S A71!4<95TMO,_?6V%K[,3B4N]<5*^1QFH;3MNFK_#J
MYCU=R8^2#3SRQHG%75I+M>4JBF<E(:I<S5J-*I,4AR2$DU 6052;+BE 57)/
MJG:VKFI%[7?QW7#9%$+(76<D<K0IH,J>IW54JJ]"PJ4LT?8/'; 52H--V+#(
MH ;DB=(P-K"86W"+-*R:,"@L1.6DSFO+A8KC%N/K3&1+;5?8"Y/;C6?GY*GO
M^QJ,<GU6KI-U7*B5\N@42FSU(C5)X<J#$JHHLH9@?&$9DP <",NMV*2UTU=W
MMVTK\ZTM=YK:=FP%/(7&*'2-KY1[E:TP) T)F]8XMN4TCK-F<,FI4SJG'D6"
M<EYP;CL%G.,XQ#3:5_X&(?V?G)#[K?9_REH^TGPT>PG9_:,3KS7O#^,7WG=S
MVC]D_']3]U'\+V@[GC^3_ ?<\'[IU3,KK^Q__]8VH8T/=Z\G&V]&HKQV%RME
M<QW?8H_&H]R5QH],QR!O%9:J,E1*F$5+!>*T-8'M F]/)-<7#$5P4#QL+0IA
M@-F3I;5.#"TQV54XT]Y$Z-?KFM!?)FZK$]K1]UDW(Y![(LR-EL[XT0J<>@6<
M13<=54LD0*G-E"8I4MKL0(\X0<@)'G[H#NG U'@4D)\MUMN<YQGDZL@(+I/1
M"76)M2Q[;KDQ X'$A#;4TP98% 4L>;A8-R/+48E/%WS!'^)V'8 $B;W5!/EX
MSRQ>./;78^L_>Y?CJRS.N+(A$1!</)]#$)B6"VTQ'F0ZPH7")I1"MSALMB3F
M K#2Y&+G$YM/2'=HEF/$ :L6Z5!MO##0+M)=6+@LRPI[=\T;]D0O-?QDVSML
MB-JVI-7+ A>8RZO\$DK57E;M4=4/TJ=W-&X$EE+!FB9$HO&!V9+Z(FSJ49+7
MKC:?C<V:D\'5/=BT=<=<.SD@9IM#'B0PE;(HV8K-(;Y5$9"TJD*EUALN1)PG
M%"+-&2<6+))P>^ PL,.E&@SZAYVN0Z F+V&S+43;*U/)VQ;&Y]5%WL;0^-<N
MBCR@/9GYH]KFE"T3QF.<&98<4$TAQR3@P>!G$*,!R 22/5%DCD?VA@-[\9.E
M5_TM*[ IR 6%,6DED:X)M@PZI/$=%'H3-HN]UXYSQV@4^12U/#9#'53>- 2E
M(\4Y#A2$S 2^X*X,)1LTP%M3.8ZQ]2*M456RL]778C42IVEF9EL7R6Q"R+ *
M.=T;4C&RDR%)5$;*!'D(6H)B9-Y?.2C3C1=\7?[,)*]9<U&0?VXMF>[CVY]S
M^K?F?A[]]'D_C!8/2_4?BL^'?TGUCV2\/V9](^_O5NYW/6?P9X??^Z]))Q[G
M_]=I&G$F>E?-K;3.H<'XUO*NS;\D"53O5JG8C8$M*OL?! "]:H; FV[6 HK!
M>/#;5;F8NCW9@+@,[*<[O3)M^*!'WZ.GVI^[>Q\79U4R-BUD(I2Z,Z9TY*-*
MJ&:540NAI&^9!'ZKM2H3)_%FF"RQ8:F; K%*LLPYD+&$T\@6.]#2JD.1X$'I
MR>]<;C4.:MT6&DW8826-UVAHG:DX)?L)$1]PN84'%8G&XZ5WA9SZ:L),78SV
MG]_PC2PXJ,[W0$7/:_NC#LG4.&I6\H<K*13F*AL^\^J&JN% B9U,"RLJ8G?<
M!E<FDPR@9S@+DD/+0XQGP, P:48(1C3(]+3UR6(>/BCWM$::F<R=<&9[*5#G
M$,M%2%US$1N0EQUAP-L:X-.E9B\63C'1M2$H5QF<F@!@(NSJX,OR![X]+:H7
ME'T-HV?75#JOV"F<:C#=7]U-=J0*!S4]MN.*M3<US-S<H\YL2IE9C9T(@A_3
MEIDY).4+F1@( =W)8)<KG5N!;?.5Q1Z.1+2&W]FJFIV'4':5/9BK^W+JM;4L
M.BDH22*=QR(KXI((2W#1Q+RZW$F\1&>D2IEJ=622 !@B,F)C31==G*0%IT.G
M5*<$>@:5\+?(\]3"XIQ8!"%)LU1>IZTN+SU5:TFB"DZ7W]%Y;'),F?(LJ1.1
M3>B()6Y+5@.[WA$F8%,&K[,.;C"V9X^85K<N9]M[.UK8;4%9<H6IT-[[&ZM[
M,3;,3/:HT6T'E6-6<4C<<(8S%A*O!#:)/E2E,":,8\A.!C%1EIS2PU?XHN*C
MV;]4]ZNF?LI[O?:7S?CUAZ+[L/>M['^I]OE?*^R'OG^\NWL\MZ_\G9YCY>E"
M1L?_T'#1*<Z.ZR[HR[;N;;?6 0\R:WK?P"D)/K1"H@L3O%EV]<E*N:-+)$$,
M;[$6QR!VO#'QC5/2A7Y?S;:'SZCNJ C,ANK40;KR,F:/[3[ 1!@=]KI!3MQ0
MYL8JY>8U':%K^R5;\1,8I"+C@!K@]V)$'9,W(S8Y;)(D TZW"96I4*4X,"4I
MQ@Z!2L'2>-W8'2O6K7B>.T"V5G.P$#>;XC,7=9L'7DN&9C%AS9B6,,6@KDRU
MG"&E*0I>%\*"04H7DA'YUX;$XC,87HL&"--NP+O(7=7'IMC9D.FDMW6L&@U,
M2KAA:E$>,U/;ID<-DDC>;;<>ECG[RJR>)0TMSQ7\M1.Q0B0!0A;U:00^XJ5E
M%&"I-8&=Q7;K5+7JKJ[U)E%BV$^2I@H2FTRD_%./;0_FQ.WGN$5# I(],\;C
M9$2BZQ]F-EL2$Q*5@M.B6.8"A!!DA4$@2&ZH4] ()QD:FL1-H:8;0[<:BRVN
MH76K5=MEM%2VS:%:2AKF<6;9I );LW6=EU](X0UBL^).F'IC.1BCI025><(0
MD*#"R<C57=)A'W*ZZZ6E*(Y".0S;^Y=A(Y!D527$3K7'*"3T[6#VLLM<QH*C
M.M6&0)!*+%L%4ZR64-2!*TK'H+0G=UI2=8FP,[)?0BG"-LWMO_13;JGZ\@Z[
M9F4Z^-$;5(;7AYP=<@OB^<P$5%6W9+$\5_#+4@"L$D@;I6\!6K$+LP)%!(U9
MS<V8,"L<"4@Q$FL"LD.M6@CJ^KXTS<FDY>WMI?V6/.R!ETQI1T-;%$@?%D<:
MW%8)'4YI9;&H=2" 868SDC('!(/&<@.P+#W-5_$[U[JM+O='Y?XYY_Z#\%_M
M#[1_"[1_YJ/C>]3]Y/D_8[TOSGO*_P"5/1^SP?\ :O ]0_A="5Z9/__1[=R6
M?FYE_P"V3*O_ *R\LO4.B^/T/&W._6P>/YRZ&_H)Z ]!A#8./S]6+8__ !1]
M&O\ >^-[H1W781#2'YB(5^WWIM]4_(AU#;O[!Q4K^L%J]^P]PN?T]N+WH1V?
M=_V+&JK^.=8/YV'G^787T-/)UBX/]9K?_#1U(^H]JZ&?F8:/\V5A?XG>K'U2
H[_="Y]@<X9_$.LW_ !K3GZ^-Q^A>IWW_ +"_^K?_ /2;I\C.?]'_V0$!

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