The Korea Fund, Inc. Announces Semi-Annual Portfolio Manager Conference Call

The Korea Fund, Inc. (the “Fund”) (NYSE: KF) announced today a semi-annual portfolio manager conference call, to be held at 10:00 a.m. ET, on September 13, 2012. This call is being held as part of the Fund’s ongoing effort to provide additional communication to its shareholders.

Sang Won Kim, lead portfolio manager of the Fund at RCM Asia Pacific Limited (“RCM AP”), will present an economic update on Korea, including a view on Korean households’ debt, which has been a topic of recent interest in global media. Mr. Kim will also highlight a representative investment case (or stock example) related to the Fund’s long-term investment theme. Mr. Kim joined RCM Asia Pacific in May 2007 as a portfolio manager for Korean equity portfolios and has over a decade of experience in researching and analyzing companies in South Korea.

Raymond Chan, Chief Investment Officer of RCM AP, will present an outlook on Asia during the call. Mr. Chan has over 18 years of investment experience, with a focus on equity markets in South Korea, Hong Kong, China and Taiwan.

The dial-in number for the conference call is (888) 771-4371 and the pass code is 33249734. The call will be available for replay for 4 weeks. Individuals dialing into the call will have an opportunity to ask questions following the portfolio manager presentations. The replay number is (888) 843-7419 and the replay pass code is 33249734#. The conference call replay will also be made available on the Fund’s website at www.thekoreafund.com. International callers may access a list of local and international freephone telephone numbers for dialing into the conference call through the following link: https://www.yourconferencecenter.com/AlternateNumbers/alternatenumbers.aspx?100500&t=A&o=UCpQVmjoPVKlQO.

The Korea Fund, Inc. is a non-diversified, closed-end investment company. The Fund seeks long-term capital appreciation through investing primarily in equity securities trading on the Korean stock exchanges. Its shares are listed on the New York Stock Exchange under the symbol “KF.”

RCM Capital Management LLC and RCM AP 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.

The Fund’s daily New York Stock Exchange closing price and net asset value per share, as well as other information, including updated portfolio statistics and performance are available at www.thekoreafund.com or by calling the Fund’s shareholder servicing agent at (800) 254-5197.

Statements made in this release that look forward in time involve risks and uncertainties and are forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such risks and uncertainties include, without limitation, the adverse effect from a decline in the securities markets or a decline in the Fund’s performance, a general downturn in the economy, competition from other companies, changes in government policy or regulation, inability to attract or retain key employees, inability to implement its operating strategy and/or acquisition strategy, and unforeseen costs and other effects related to legal proceedings or investigations of governmental and self-regulatory organizations.

This announcement is not an offer to purchase or the solicitation of an offer to sell shares of the Fund or a prospectus, circular or representation intended for use in the purchase or sale of Fund shares.

Fund shares are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank. Fund shares involve investment risk, including possible loss of principal.

Contacts:

The Korea Fund, Inc.
Financial Advisors: 800-628-1237
Shareholders: 800-285-4086
Media Relations: 212-739-3501
Julian Reid (Chairman of the Board): +44-7768 068 200
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