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Korea Fund Inc

Korea Fund Inc (KF)

23.94
-0.03
( -0.13% )
Updated: 13:29:08

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Key stats and details

Current Price
23.94
Bid
-
Ask
-
Volume
12,826
23.85 Day's Range 24.20
18.30 52 Week Range 25.56
Market Cap
Previous Close
23.97
Open
23.85
Last Trade
1
@
23.99
Last Trade Time
13:26:00
Financial Volume
$ 308,446
VWAP
24.0485
Average Volume (3m)
16,833
Shares Outstanding
4,972,139
Dividend Yield
-
PE Ratio
19.37
Earnings Per Share (EPS)
1.24
Revenue
2.87M
Net Profit
6.16M

About Korea Fund Inc

Korea Fund Inc is a United States based closedend nondiversified management investment company. Its investment objective is to seek longterm capital appreciation through investment in securities primarily equity securities of Korean companies. Korea Fund Inc is a United States based closedend nondiversified management investment company. Its investment objective is to seek longterm capital appreciation through investment in securities primarily equity securities of Korean companies.

Sector
Unit Inv Tr, Closed-end Mgmt
Industry
Investment Offices
Headquarters
Lutherville Timonium, Maryland, USA
Founded
1984
Korea Fund Inc is listed in the Unit Inv Tr, Closed-end Mgmt sector of the New York Stock Exchange with ticker KF. The last closing price for Korea was $23.97. Over the last year, Korea shares have traded in a share price range of $ 18.30 to $ 25.56.

Korea currently has 4,972,139 shares outstanding. The market capitalization of Korea is $119.23 million. Korea has a price to earnings ratio (PE ratio) of 19.37.

KF Latest News

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.01-0.041753653444723.9524.756223.85420724.24465786CS
40.411.7424564385923.5324.756223.2578467023.88741555CS
120.723.100775193823.2225.5622.911683324.30411793CS
262.099.565217391321.8525.5620.66431388623.52463222CS
521.788.0324909747322.1625.5618.31196022.67415783CS
156-19.91-45.404789053643.8546.8818.3960925.83448248CS
260-3.73-13.480303577927.6746.8817.2847027.40914068CS

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KF Discussion

View Posts
MistySteel MistySteel 12 years ago
http://www.thekoreafund.com/koreafund/External%20Documents/Fund_Card.pdf
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MistySteel MistySteel 12 years ago
http://djnewswires.ar.wilink.com/?link=KF
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MistySteel MistySteel 12 years ago
http://www.sec.gov/Archives/edgar/data/748691/000120919112005119/xslF345X03/doc4.xml
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MistySteel MistySteel 12 years ago
I'll take the discount :)
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MONEYMADE MONEYMADE 12 years ago
Will flop 8% or better on the news???
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MistySteel MistySteel 15 years ago
Fund Card:
http://www.thekoreafund.com/documentLibrary/koreaFund/productLiterature/fundCards/kf_fund_card.pdf
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MistySteel MistySteel 15 years ago
23.23 = 4 week high.
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MistySteel MistySteel 15 years ago
+3.96% = nice :)
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MistySteel MistySteel 15 years ago
The Korea Fund, Inc. Declares Long-Term Capital Gain Distribution
http://www.thekoreafund.com/documentLibrary/koreaFund/supportingLiterature/newsPressReleases/kf_press_release_03_09_09.pdf
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MistySteel MistySteel 15 years ago
Nice bounce post 52 wk low. Ok Chan, make the proprietary fundamental research work again :)

Equity Fund Profile (as of 01.31.09):

http://www.thekoreafund.com/koreaFund/profile/KF/portfolio.jsp

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mlkrborn mlkrborn 15 years ago
KF: profile
http://www.etfconnect.com/select/fundpages/global.asp?MFID=3682
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mlkrborn mlkrborn 15 years ago
Blackstone setting up in Korea :
SEOUL (Reuters) - Private equity firm Blackstone Group (BX.N) will launch a unit in South Korea this month to buy companies and real estate assets for a combined $2 billion from cash-strapped domestic firms, a report said on Monday.

The Maeil Business Newspaper cited the finance and economy ministries and the National Pension Service (NPS) as saying that Blackstone had finished the paperwork and was fine-tuning the timing of the launch, with an initial investment of $6 million.

The report comes after the NPS said in October that it had signed a preliminary agreement with the New York-based private equity company to invest $2 billion each in South Korea.

"Blackstone will look at healthy small- and medium-sized companies suffering temporary cash shortages," an unnamed government official was quoted as saying.

Spokesmen for the two ministries and the NPS were not immediately available for comment.

Blackstone, one of the world's largest private equity firms, had repeatedly said it saw great opportunities to buy assets as markets fell, despite the limited leverage available.

Foreign private equity firms have been cautious on South Korea since U.S. investment Lone Star's LS.UL purchase of a stake in Korea Exchange Bank (004940.KS) in 2003 fueled heated criticism about the huge profits foreigners could reap from distressed Korean firms.

But they are stepping up their hunt for bargains again as cash-strapped conglomerates look set to sell juicy assets.

Eased regulations and the weaker won are also encouraging their return to Asia's fourth-largest economy.

Affinity Equity Partners was reportedly among the foreign private equity firms in the bidding for Doosan Corp's (000150.KS) spirits-making division, which was sold to South Korean retail giant Lotte Group for 503 billion won ($372.2 million) earlier this month.
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mlkrborn mlkrborn 15 years ago
$30 now
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wolftraplight wolftraplight 15 years ago
Is this a total shim sham fund.A dividend of $90 paid with stock after a reverse split of 1-10.
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wolftraplight wolftraplight 15 years ago
Good buy?
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moores2009 moores2009 15 years ago
smells more like kimchee
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mlkrborn mlkrborn 15 years ago
Interesting case study! Korean sushi!
The Korea Fund, Inc. Declares Capital Gain Distribution
Monday December 22, 4:41 pm ET

NEW YORK, Dec. 22, 2008 (GLOBE NEWSWIRE) -- The Board of Directors of The Korea Fund, Inc. (NYSE:KF - News) (the ``Fund'') announced today that it has declared a capital gain distribution of $220.3 million ($90.30 per share after the 1-for-10 reverse stock split, which was effective earlier today). On a post-split, per share basis, the distribution is comprised of long-term capital gains of $85.60 and short-term capital gains of $4.70. The distribution is inclusive of realized capital gains incurred during for the fiscal year ended June 30, 2008.

ADVERTISEMENT
The distribution will be payable on January 29, 2009 to shareholders of record on December 31, 2008 (the ``Record Date'') with an ex-dividend date of December 29, 2008.

The distribution will be paid in the Fund's common stock priced at the market price of the Fund's common stock determined as of the close of the New York Stock Exchange (``NYSE'') on January 26, 2009 (the ``Pricing Date''). The distribution may be reduced if the number of shares to be issued on the payable date, together with the Fund's outstanding shares on the payable date, exceeds the Fund's authorized share limit. Any reduction in the distribution will likely subject the Fund to a Fund-level tax on undistributed amounts.

Stockholders may, however, request that their distribution be paid in cash in lieu of common stock. Such requests must be for the entire distribution payable to the stockholder; however, the aggregate amount of cash distributions to all stockholders will be capped, or limited, to 20% of the aggregate dollar amount of the total distribution being paid by the Fund (excluding cash paid in lieu of fractional shares). Thus, if the cash elections would cause the total amount of cash to be distributed by the Fund to exceed the 20% cap, each stockholder who requests cash will receive a pro rata portion of the cash distributed to all stockholders who have made cash elections. Such pro rata portion will be calculated based on the total amount of the distribution to be paid to a stockholder requesting cash relative to the total amount of the distribution to be paid to all stockholders requesting cash. Stockholders who elect cash and do not receive 100% of their distribution in cash will receive the balance in common stock issued at the market price on the Pricing Date. Stockholders not electing cash will receive all of their distribution in common stock. A stockholder will receive cash in lieu of a fraction of a share unless the stockholder holds his or her shares directly with the Fund at the transfer agent and participates in the Fund's dividend reinvestment plan.

Stockholders will receive a written notice of the planned distribution with instructions for how to elect to receive the distribution in cash, which will be mailed following the Record Date. The deadline for making a cash election is January 22, 2009 if you hold shares through a financial advisor or brokerage firm, and January 23, 2009 if you hold shares directly with the Fund. Any stockholder whose request for cash is not made in the proper form or is received after the stated deadline will receive all of the distribution in common stock. Therefore, if you do not receive a notice, or you believe the transmission of your notice may have been delayed, you should contact your financial advisor or the Fund's shareholder servicing agent at (800) 331-1710. You will also be able to view the applicable notice on the Fund's website, http://www.thekoreafund.com, on or about the Record Date.

The Korea Fund, Inc. is a non-diversified, closed-end investment company that seeks long-term capital appreciation through investments in securities, primarily in equity securities, of Korean companies. Its shares are listed on the New York Stock Exchange under the symbol ``KF.''

RCM Capital Management LLC and RCM Asia Pacific Limited are the Fund's investment manager and sub-adviser, respectively. Investment in closed-end funds involves risks. Additional risks are associated with international investing, such as currency fluctuation, government regulations, economic changes and differences in liquidity, which may increase the volatility of your investment. Foreign security markets generally exhibit greater price volatility and are less liquid than the U.S. market. Additionally, this Fund focuses its investments in certain geographical regions, thereby increasing its vulnerability to developments in that region. All of these factors potentially subject the Fund's shares to greater price volatility. The net asset value of the Fund will fluctuate with the value of the underlying securities. Closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value.
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moores2009 moores2009 15 years ago
looks like they just did a r/s and then next month they are giving shares as a divi, geez, sounds like a pinkie scam, lol, but down 71% looks like a buying opportunity to me.
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wolftraplight wolftraplight 15 years ago
wow todays price
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mlkrborn mlkrborn 15 years ago
is anyone considering to invest at this stage?
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rockawayrich rockawayrich 16 years ago
has anyone seen dividend shares from 28th arrive in their acct? how long does the back office process usually take?
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frenchee frenchee 17 years ago
KF starting to get oversold short term. Probably a buy opportunity next week...
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frenchee frenchee 17 years ago
Negative divergence between price trend and momentum indicators showing up on the daily charts. Consolidation around the corner.
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frenchee frenchee 17 years ago
KF appears to be on its way back to 45...
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Psionic Trader Psionic Trader 17 years ago
Asian funds to perform well over the next few years.

Here's another one, IFN - India Fund
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frenchee frenchee 17 years ago
South Korea Stocks Fall on Interest-Rate Concern; Samsung Drops

By Kyung Bok Cho

June 13 (Bloomberg) -- South Korean stocks fell after former Federal Reserve Chairman Alan Greenspan predicted increased borrowing costs and U.S. bond yields gained to a five-year high, suggesting that investors are expecting higher interest rates. Samsung Electronics Co. paced the retreat.

``A short-term correction looks inevitable for global markets,'' said Chang In Whan, president of KTB Asset Management Co. in Seoul, which has about $3.8 billion in equity assets. ``There's inflation pressure all over the world, in the U.S., in China, in the Eurozone. More interest-rate increases are likely, which will put a sustained squeeze on liquidity.''

The Kospi index lost 7.39, or 0.4 percent, to 1722.49 as of 11:04 a.m. in Seoul. The Kosdaq was little changed at 762.72. Kospi 200 futures expiring in June slid 0.5 percent to 218.45, while the underlying index dropped 0.6 percent to 218.68.

Samsung Electronics, the most valuable company on the benchmark, declined 6,000 won, or 1 percent, to 572,000. Hyundai Heavy Industries Co., the world's biggest shipbuilder, retreated 9,500 won, or 3 percent, to 302,500.

Referring to historically low premiums on emerging-market debt, Greenspan said yesterday in New York that ``it ain't going to continue that way. And indeed, all the spreads you are looking at, including your spreads relative to the 10-year are going to start to open up and the 10-year is going to be moving as well.''

Hynix Semiconductor Inc., the world's second-largest computer-memory maker, slid 950 won, or 3 percent, to 30,500. Kookmin Bank, the largest South Korean lender, lost 800 won, or 0.9 percent, to 85,700.

Interest Rates

The yield on the 10-year Treasury note climbed to a five- year high following Greenspan's remarks. The yield on South Korea's benchmark five-year government bond jumped six basis points to 5.48 percent as of 10:47 a.m., the highest since December 2005.

The Bank of Korea last week left its benchmark rate at 4.5 percent, the highest in almost six years, and Governor Lee Seong Tae said the economy has performed better than policy makers expected.

``The Bank of Korea could raise rates once this year to 4.75 percent,'' said KTB Asset's Chang.

The European Central Bank raised its benchmark rate last week to a six-year high and signaled another increase is likely. Inflation in China, the world's fastest-growing major economy, accelerated in May and exceeded economists' estimates. China will probably increase lending and deposit rates at least once more in 2007, a Bloomberg News survey showed.

Shinhan Financial Group Ltd., South Korea's second-largest lender, dropped 600 won, or 1.1 percent, to 56,400. Hyundai Motor Co., which sells four out of five cars it makes overseas, declined 700 won, or 1 percent, to 72,100.

CJ, S-Oil

Separately, Hyundai Motor's labor union said yesterday it plans to strike in the last week of June to protest the government's attempts to ratify a free-trade agreement with the U.S. About 43,000 workers will walk off their jobs for between two and six hours during both daily shifts at three plants between June 25 and 27.

The following shares also rose or fell. Stock symbols are in brackets after company names.

CJ Corp. (001040 KS), South Korea's biggest grocer, advanced 1,500 won, or 1.3 percent, to 120,500. Daewoo Securities Co. raised its six-month price estimate by 26 percent to 158,000 in a report, citing CJ's decision to split into holding and operating companies.

S-Oil Corp. (010950 KS), South Korea's third-largest oil refiner, climbed 400 won, or 0.5 percent, to 75,100. The company said yesterday it will delay a 3.6 trillion won ($3.8 billion) plan to build a second refining unit because of rising construction costs and land prices.

Shinyoung Securities Co. raised its 12-month price estimate for the shares by 4.8 percent to 88,000 won, in a report. Postponing the plant will keep supply of oil products tight, increasing prices, while the company will have more money left for dividends, wrote Oh Jung Ill, an analyst.

Wooree ETI Co. (082850 KS), which makes parts for liquid- crystal displays, gained 300 won, or 2.7 percent, to 11,550. Korea Investment & Securities Co. lifted its six-month price estimate by 17 percent to 13,500 won, in a report. The company will benefit from a recovery in the LCD industry, wrote Yoo Jong Woo, an analyst.

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frenchee frenchee 17 years ago
Check out the daily Full Stochastics. First meaningful sign of upward "mo" starting to slow...
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frenchee frenchee 17 years ago
Short-term blow off in progress for S. Korea. Good short coming soon...
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