AI brief of an SEC Form 8-K · KOREA FUND INC (KF)

Korea Fund NAV fell 14.7% in fiscal year ended June 30, 2008, trailing 12.7% benchmark decline

Negative Impact 3 of 5 shareholder Written later

The Korea Fund mailed its annual report for the fiscal year ended June 30, 2008, with a Chairman's letter dated July 31, 2008, furnished as Exhibit 99.1. The letter reports that the Fund's net asset value declined 14.7% over the period, compared with a 12.7% decline in the MSCI Korea (Total Return) Index, though the Fund ranked 6th in a 16-member peer group for the 12 months ended June 30, 2008.

Key points

NAV declined 14.7% over the July 1, 2007 to June 30, 2008 period; MSCI Korea (Total Return) Index declined 12.7%
Dividends of $15.94 per share were paid in November 2007, versus $6.67 in November 2006, plus $1.30 per share in January 2008
Fund accepted 4,303,210 shares in a tender offer, about 15% of outstanding shares
Realized capital gains of approximately $225.4 million ($9.24 per share) are expected to be paid to stockholders in January 2009

The filing

CompanyKOREA FUND INC (KF)

Form8-K, current report

Filed with the SECSep 8, 2008, 5:08 PM ET

Accession number0000950123-08-010732

Items reported: 8.01 Other Events

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 08, 2008.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.