Korea Fund

The Korea Fund, Inc. operates as a closed-end non-diversified management investment fund. The firm intends to seek a long-term capital appreciation through investment in securities. It invests in various industries, such as chemicals, commercial banks, commercial services and supplies, communications, construction and engineering, consumer discretionary, consumer finance, diversified consumer services, electrical equipment, electronic equipment and instruments, entertainment, financial services, food and staples retailing, insurance, Internet software and services, metals and mining, pharmaceuticals, retail, semi-conductors, shipbuilding, tobacco, wholesale and wireless telecommunications services. The company was founded on August 29, 1984 and is headquartered in London, the United Kingdom.

The Korea Fund is designed to provide capital appreciation through investments in securities. Their firm screens stocks based on a broad range of variables, including price-to-earnings ratios, dividend yields and earnings-per-share growth.

NEW YORK--(BUSINESS WIRE)--The Board of Directors (the “Board”) of The Korea Fund, Inc. (the “Fund”) (NYSE: KF) today announced the final results of its tender offer. As previously announced, the Fund conducted a tender offer to purchase for cash up to 12.5% of its issued and outstanding common stock, at a price equal to 98.5% of its net asset value (“NAV”) per share determined on the expiration date. The Fund's tender offer, which expired at 5:00 p.m. New York City time, on Monday, September 1.

The Korea Fund, Inc. Announces Final Results of Tender Offer

NEW YORK--(BUSINESS WIRE)--The Board of Directors (the “Board”) of The Korea Fund, Inc. (the “Fund”) (NYSE: KF) today announced the preliminary results of the Fund's tender offer. As previously announced, the Fund conducted a tender offer to purchase for cash up to 12.5% of its issued and outstanding common stock, at a price equal to 98.5% of its net asset value (“NAV”) per share determined on the expiration date. The Fund's tender offer expired at 5:00 p.m. New York City time, on Monday, Septe.

The Korea Fund, Inc. Announces Preliminary Results of Tender Offer

NEW YORK--(BUSINESS WIRE)--The Korea Fund, Inc. (the “Fund”) (NYSE: KF) announced today that the tender offer (the “Tender Offer”) to purchase for cash up to 12.5% of the Fund's issued and outstanding common stock, at a price per share equal to 98.5% of the net asset value per share, determined on the date the tender offer expires, will commence on Friday, August 16, 2024 and expire, unless otherwise extended, at 5:00 p.m., New York City Time, on Monday, September 16, 2024. The Fund's Board of.

The Korea Fund, Inc. Announces Commencement of Tender Offer

The closed-end Korea Fund has benefited from a narrowing NAV discount. Expect more of the same ahead of a potentially catalyst-rich next few months. Despite its flaws, KF ticks a lot of boxes as a Korean large-cap play.

Korea Fund: Worth A Look As Discount Narrowing Path Emerges

NEW YORK--(BUSINESS WIRE)--As previously reported, the Board of Directors (the “Board”) of The Korea Fund, Inc. (NYSE: KF) (the “Fund”) announced on December 3, 2020 that it had adopted a policy (the “Tender Offer Policy”) pursuant to which the Board will cause the Fund to conduct an issuer tender offer for up to twenty-five percent (25%) of its then issued and outstanding shares of common stock on or before September 30, 2024, and thereafter on each third year anniversary of September 30, 2024.

The Korea Fund, Inc. Announces Tender Offer Terms

NEW YORK--(BUSINESS WIRE)--Update Regarding Tender Offer Policy.

The Korea Fund, Inc. Issues Update Regarding Tender Offer Policy

Korean large-cap fundamentals remain very attractive. The Korea Fund stands to benefit from more tech-led outperformance. A narrowing NAV discount adds compelling optionality.

Korea Fund: The Wind Is Still In Its Sails

The Korea Fund Inc. is an old foreign CEF (30-year history) that focuses on Korean stocks and is currently managed by John Cho. Korean stocks offer one of the most alluring valuations to earnings trade-offs. KF's earnings are benefiting from the bounce back of the memory chip market and South Korea's positive export growth.

Korea Fund: Broadly Favorable, But Risks Remain

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For the third month in four, equity CEFs (+1.81%) witnessed gains while their fixed income CEF (+0.52%) counterparts for the fourth month in a row posted plus-side returns.

The Month In Closed-End Funds: February 2024

The Korea Fund is a closed-ended fund focused on South Korean equities with performance that is slightly ahead of its benchmark over the last decade. The fund has a discount to NAV of over 17% in the last 6 months, which may contract substantially in a bullish run in South Korean stocks. South Korea is taking cues from Japan's corporate governance reforms, potentially leading to improved shareholder activism and better market performance.

KF: Japan Was So Last Year, Buy South Korean Stocks In 2024

South Korean equities rally on positive economic data and export growth. The Korea Fund's discount to NAV remains favorable, and South Korea trades at a substantial discount to India and Taiwan. South Korean equities are attractive in terms of valuation and innovation potential, with Samsung outperforming IBM in 2022.

Korea Fund: Accumulate On Stronger Export Data

After a topsy-turvy year, Korean stocks are ending 2023 on a high. The 2024 micro/macro setup looks interesting as well, particularly at current valuations. Playing Korea through an active fund like KF has its drawbacks, but there are mitigating factors worth considering.

Korea Fund: Brighter Skies Ahead

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For the first month in four, both equity (+6.05% on a NAV basis) and fixed income (+5.81%) CEFs on average posted handsome plus-side returns. At month end, 9% of all CEFs traded at a premium to their NAV, with 10% of equity CEFs and 8% of fixed income CEFs trading in premium territory. Developed Markets CEFs (+8.93%), for the first month in eight, outpaced the other classifications in the equity CEF universe for November.

The Month In Closed-End Funds: November 2023

The JPM-managed Korea Fund is undergoing a period of relative underperformance. But there are mitigating factors, including relatively discounted portfolio valuations and a wide NAV discount. The broader Korean market remains cheap relative to its underlying fundamentals and could still rebound from here.

Korea Fund: Don't Write This Fund Off Just Yet

NEW YORK--(BUSINESS WIRE)--The Board of Directors (the “Board”) of The Korea Fund, Inc. (NYSE: KF) (the “Fund”) has appointed Citigroup Global Markets Inc. (the “Program Manager”) to serve as its agent and broker for purposes of implementing the Fund's Discount Management Program (the “Program”). The Program provides that the Fund may repurchase annually up to 10% of its common shares outstanding as of the close of business on June 30th of the prior year in open market transactions when such sh.

The Korea Fund, Inc. Announces Changes to its Discount Management Program

The Korea Fund is a good vehicle for gaining exposure to South Korea's stock market, especially in July when the discount is near a historical low. Despite underperforming the iShares MSCI South Korea ETF, KF can outperform during bull markets, having done so by over 10 percentage points in the past year. South Korea's economy faces headwinds with declining exports, but there are opportunities in the country's larger tech and consumer stocks, as well as in its banking sector.

The Korea Fund: Accumulate Following H1 2023 Macro Weakness

2023 is shaping up to be a much better year for Korea as last year's headwinds begin to reverse. In addition to a fundamental export-led recovery, equities should also benefit from technical and policy-driven valuation tailwinds.

KF: Ride The Korean Recovery At A Wider Than Usual NAV Discount

The Korea Fund has geographic and industry diversification. Its performance track record is better than most Korean focused ETFs but investors are paying a slightly higher management expense ratio.

The Korea Fund: A Good Addition To Any Investment Portfolio

NEW YORK--( BUSINESS WIRE )--The Board of Directors of The Korea Fund, Inc. (the "Fund") (NYSE:KF) announced today they have declared distributions totaling $3.31888 per share, comprised of a net investment income dividend of $0.05251 per share, a long-term capital gain distribution of $3.01914 per share and a short-term capital gain distribution of $0.24723 per share. The distributions will be payable on January 9, 2023 to shareholders of record on December 27, 2022 with an ex-dividend date of December 23, 2022.

The Korea Fund, Inc. Declares Year-End Distributions

This closed-end fund trades at a large discount of circa 15%, has an acceptable expense ratio, and has performed a little better than its benchmark over the last decade. Korean stocks are amongst the world's cheapest based on forward P/E ratio. Emerging markets, in general, are also historically relatively cheap and primed to attract global interest now.

Korea Fund: How To Invest In The Korean Stock Market As It's Poised To Rise In 2023

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For the second month in a row, equity CEFs (+5.16% on a NAV basis) on average witnessed plus-side returns. While their fixed income CEF cohorts (+4.53%) posted gains for the first month in four.

The Month In Closed-End Funds: November 2022

NEW YORK--( BUSINESS WIRE )--The Korea Fund, Inc. (the "Fund") (NYSE:KF) announced today that on November 29, 2022 at 9.00a.m. EST , John Cho, Portfolio Manager of The Korea Fund, Inc. will be providing an update on the Fund.

The Korea Fund, Inc. Announces Invitation to Join a Webinar

Notwithstanding the weakness this year, Korea Fund has been a long-standing source of alpha for investors. Korea Fund's current valuations are dirt cheap, and Korea's impetus toward innovation and R&D is unrivalled.

Korea Fund: Rare Opportunity To Pick Up Quality On The Cheap

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This closed-end fund trades at a 16% discount to NAV. Korea's stock market also trades at a significant discount to other global and emerging markets.

News for Korea Fund ETF (KF)