The Korea Fund, Inc.

The Korea Fund, Inc. Appoints New Agent for its Discount Management Program

The Korea Fund's Board appointed Canaccord Genuity LLC as the new agent and broker for its Discount Management Program, effective October 5, 2026. The program itself is unchanged: it permits repurchase of up to 10% of outstanding shares annually in open-market transactions when shares trade above a specified discount threshold, under Rule 10b-18 safe-harbor procedures. The announcement is administrative boilerplate; repurchases are intended to accrete NAV but the Fund cautions there is no assurance of any purchases or discount reduction.

•23d ago

KF: DEF 14A · proxy statement

The Korea Fund, Inc. filed its definitive proxy statement for an annual meeting of stockholders on October 21, 2026 at the offices of Ropes & Gray LLP in Boston. The sole agenda proposal is the re-election of Class II Director Matthew Sippel to a three-year term, with the board unanimously recommending a FOR vote. Stockholders of record as of August 14, 2026, when 4,158,348 shares were outstanding, are entitled to vote. The holder base is concentrated: City of London Investment Group owns 38.5%, Lazard 9.1%, Saba Capital Management 5.1%, and Allspring Global Investments 5.0%. The Fund is managed by JPMorgan Asset Management (Asia Pacific) Limited and overseen by a four-member fully independent board; PricewaterhouseCoopers LLP audited fiscal 2026 statements and billed $67,360 in audit fees. Proxy footnotes disclose Simon M. Elliott succeeded Simon J. Crinage as President and CEO on August 13, 2026, and David A. Buttke replaced Stephen M. Ungerman as Chief Compliance Officer on July 30, 2026, following their retirements.

SEC DEF 14A•1mo ago