KF Research | Milton Maxwell

The Korea Fund, Inc.

34.37

-1.00-2.83%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

143.40M

P/E (TTM)

14.26

Basic EPS (TTM)

2.41

Dividend Yield

0.01%

Recent Filings

8-K

Virtus to manage Korea Fund

7/7/20Jul 7, 2020

The Korea Fund announced AllianzGI and Virtus' strategic partnership on July 7, 2020, shifting investment management to Virtus' subsidiary pending Board and shareholder approval by year-end. Virtus gains $23B in assets, boosting its mutual fund AUM 40% to $54B pro forma. No payments at closing. Arrangements hinge on approvals.

8-K

KF semi-annual NAV up 34.24%

3/2/10Mar 2, 2010

The Korea Fund mailed its semi-annual report for July-December 2009, highlighting NAV growth of 34.24% versus KOSPI's 32.44% gain in USD terms, driven by global recovery and Korean earnings upgrades. Shares rose 29.6% to $35.55, ending at a 9.95% NAV discount. Board notes prior underperformance from 2009 gains reinvestment and style mismatch, but sees improving conditions favoring sub-adviser's approach.

8-K

Annual report mailed; NAV down 14.7%

9/8/08Sep 8, 2008

The Korea Fund mailed its annual report for the fiscal year ended June 30, 2008, revealing NAV declined 14.7% amid a 15.2% KOSPI drop. Shares repurchased 15% of outstanding via tender offer at 98% of NAV. Stock lending income rose to $1.6 million. Unrealized gains slashed to $167.9 million.

8-K

Manager switch to RCM completed

9/10/07Sep 10, 2007

The Korea Fund switched investment managers to RCM Capital Management LLC and RCM Asia Pacific Limited late in its fiscal year ended June 30, 2007, following board due diligence and stockholder approval at the April Special Meeting. RCM, managing $157B globally with $2.6B in Korean equities, restructured the portfolio by period-end, realizing gains to be distributed in November as cash or new shares to curb tax cascades. Securities lending generated $1.2M income. Transition complete.

8-K

Portfolio transition done, gains ahead

7/5/07Jul 5, 2007

The Korea Fund completed its portfolio transition to RCM Capital Management on June 30, 2007, slashing holdings from 73 to 41 stocks and overweighting industrials at 32.7%. This triggered ~$352M ($14.51/share) estimated capital gains for fiscal year ended June 30, payable mid-to-late November 2007. Fund NAV nearly matched MSCI Korea's 18% rise since April 1. Distributions loom large.

About

The Korea Fund, Inc. is a closed-ended equity mutual fund launched and managed by Allianz Global Investors U.S. LLC. The fund invests in the public equity markets of Korea. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of companies. It employs fundamental analysis with a bottom-up stock picking approach, focusing on such factors as price-to-earnings ratios, dividend yields, and earnings-per-share growth to create its portfolio. The fund benchmarks the performance of its portfolio against the MSCI Korea 25/50 Index. It uses 'Grassroots Research' to make its investments. The Korea Fund, Inc. was formed on August 29, 1984 and is domiciled in the United States.

CEO

Mr. Paul Francis Winship

IPO

8/22/1984

Website

https://www.thekoreafund.com

Sector

Financial Services

Industry

Asset Management