# EDGAR Filing Document

**Accession Number:** 0000748691
**File Stem:** 0002071691-26-010712
**Filing Date:** 2026-5
**Character Count:** 39788
**Document Hash:** 1000cec2f940eaa2f1cc60a4d7ac740f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-26-010712.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0002071691-26-010712

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** KOREA FUND INC
- **CENTRAL INDEX KEY:** 0000748691

**ORGANIZATION NAME:**
- **EIN:** 133226146
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04058
- **FILM NUMBER:** 261007277

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** JPMORGAN ASSET MANAGEMENT
- **STREET 2:** 60 VICTORIA EMBANKMENT
- **CITY:** LONDON
- **PROVINCE COUNTRY:** X0
- **BUSINESS PHONE:** 447841433568

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** JPMORGAN ASSET MANAGEMENT
- **STREET 2:** 60 VICTORIA EMBANKMENT
- **CITY:** LONDON
- **PROVINCE COUNTRY:** X0

## Nport-Ex

**The Korea Fund, Inc.** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF MARCH 31, 2026 (Unaudited)

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Value ($)** |
|  **COMMON STOCKS—99.2%** | **COMMON STOCKS—99.2%** | **COMMON STOCKS—99.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Aerospace & Defense—2.9%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Aerospace & Defense—2.9%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Aerospace & Defense—2.9%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hanwha Aerospace Co. Ltd. | 3900 | 3325556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korea Aerospace Industries Ltd. | 25500 | 2882668 |
|  |  | **6208224** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Automobile Components—1.6%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Automobile Components—1.6%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Automobile Components—1.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hankook Tire & Technology Co. Ltd. | 53400 | 1965696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hyundai Mobis Co. Ltd. | 6100 | 1573923 |
|  |  | **3539619** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Automobiles—6.5%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Automobiles—6.5%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Automobiles—6.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hyundai Motor Co. | 18200 | 5606699 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hyundai Motor Co. (Preference) | 16500 | 2612146 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kia Corp. | 57500 | 5677033 |
|  |  | **13895878** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Banks—6.8%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Banks—6.8%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Banks—6.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BNK Financial Group, Inc. | 169000 | 2049590 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KB Financial Group, Inc. | 65400 | 6420348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shinhan Financial Group Co. Ltd. | 101600 | 6055498 |
|  |  | **14525436** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Biotechnology—2.2%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Biotechnology—2.2%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Biotechnology—2.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Alteogen, Inc. | 4700 | 1066034 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hugel, Inc.\* | 10600 | 1708313 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kolon TissueGene, Inc., Receipts (United States)\* | 26350 | 1913020 |
|  |  | **4687367** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Broadline Retail—0.6%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Broadline Retail—0.6%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Broadline Retail—0.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shinsegae, Inc. | 6000 | **1233869** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building Products—0.8%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building Products—0.8%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Building Products—0.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Sung Kwang Bend Co. Ltd. | 71500 | **1701812** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Capital Markets—1.6%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Capital Markets—1.6%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Capital Markets—1.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Daou Technology, Inc. | 53900 | 1566914 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korea Investment Holdings Co. Ltd. | 13150 | 1834593 |
|  |  | **3401507** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Chemicals—3.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Chemicals—3.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Chemicals—3.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hansol Chemical Co. Ltd. | 10104 | 1733050 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kumho Petrochemical Co. Ltd. | 22500 | 1795943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LG Chem Ltd. | 14100 | 2882030 |
|  |  | **6411023** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Construction & Engineering—2.1%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Construction & Engineering—2.1%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Construction & Engineering—2.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HDC Hyundai Development Co-Engineering & Construction | 68449 | 939707 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hyundai Engineering & Construction Co. Ltd. | 35500 | 3465842 |
|  |  | **4405549** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Electric Utilities—0.9%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Electric Utilities—0.9%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Electric Utilities—0.9%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Korea Electric Power Corp. | 68000 | **1933263** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Electrical Equipment—2.6%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Electrical Equipment—2.6%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Electrical Equipment—2.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hyosung Heavy Industries Corp. | 1850 | 3123857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LG Energy Solution Ltd.\* | 8800 | 2407426 |
|  |  | **5531283** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Electronic Equipment, Instruments & Components—4.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Electronic Equipment, Instruments & Components—4.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Electronic Equipment, Instruments & Components—4.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Daeduck Electronics Co. Ltd. | 23500 | 1219798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; IsuPetasys Co. Ltd. | 23750 | 1645793 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Samsung Electro-Mechanics Co. Ltd. | 19500 | 5586929 |
|  |  | **8452520** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Entertainment—0.9%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Entertainment—0.9%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Entertainment—0.9%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JYP Entertainment Corp. | 45300 | **1869060** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food Products—0.4%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food Products—0.4%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Food Products—0.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NongShim Co. Ltd. | 3301 | **808385** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Health Care Equipment & Supplies—0.8%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Health Care Equipment & Supplies—0.8%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Health Care Equipment & Supplies—0.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Classys, Inc. | 53200 | **1807808** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Hotels, Restaurants & Leisure—0.4%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Hotels, Restaurants & Leisure—0.4%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Hotels, Restaurants & Leisure—0.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lotte Tour Development Co. Ltd.\* | 79500 | **933204** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrial Conglomerates—6.2%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrial Conglomerates—6.2%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Industrial Conglomerates—6.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Samsung C&T Corp. | 24800 | 4346399 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SK Square Co. Ltd.\* | 15500 | 5103414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SK, Inc. | 18500 | 3803483 |
|  |  | **13253296** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Interactive Media & Services—2.1%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Interactive Media & Services—2.1%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Interactive Media & Services—2.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kakao Corp. | 19400 | 598922 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NAVER Corp. | 28700 | 3907461 |
|  |  | **4506383** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Life Sciences Tools & Services—2.5%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Life Sciences Tools & Services—2.5%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Life Sciences Tools & Services—2.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; LigaChem Biosciences, Inc.\* | 16400 | 2146067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Samsung Biologics Co. Ltd.\*(a) | 3100 | 3177085 |
|  |  | **5323152** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery—3.1%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery—3.1%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Machinery—3.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HD Hyundai Heavy Industries Co. Ltd. | 13300 | 4260257 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MNC Solution Co. Ltd. | 36000 | 2322977 |
|  |  | **6583234** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oil, Gas & Consumable Fuels—1.3%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oil, Gas & Consumable Fuels—1.3%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Oil, Gas & Consumable Fuels—1.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; S-Oil Corp.\* | 40300 | **2763414** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Personal Care Products—0.6%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Personal Care Products—0.6%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Personal Care Products—0.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Kolmar Korea Co. Ltd.\* | 26900 | **1386915** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Pharmaceuticals—1.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Pharmaceuticals—1.0%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Pharmaceuticals—1.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Hanmi Pharm Co. Ltd. | 5900 | **2106535** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Semiconductors & Semiconductor Equipment—20.1%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Semiconductors & Semiconductor Equipment—20.1%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Semiconductors & Semiconductor Equipment—20.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Eugene Technology Co. Ltd. | 27300 | 2077180 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PSK, Inc. | 27500 | 1526839 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SK hynix, Inc. | 69200 | 39261667 |
|  |  | **42865686** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Technology Hardware, Storage & Peripherals—24.2%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Technology Hardware, Storage & Peripherals—24.2%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Technology Hardware, Storage & Peripherals—24.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Samsung Electronics Co. Ltd. | 385070 | 45038323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Samsung Electronics Co. Ltd. (Preference) | 80700 | 6514394 |
|  |  | **51552717** |
|  **TOTAL COMMON STOCKS<br>(COST $111,975,282)** | **TOTAL COMMON STOCKS<br>(COST $111,975,282)** | **211687139** |
|  **Total Investments—99.2% (Cost $111,975,282)** | **Total Investments—99.2% (Cost $111,975,282)** | **211687139** |
|  **Other Assets Less Liabilities—0.8%** | **Other Assets Less Liabilities—0.8%** | **1636642** |
|  **Net Assets—100.0%** | **Net Assets—100.0%** | **213323781** |

---

Percentages indicated are based on net assets.

------

**The Korea Fund, Inc.** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF MARCH 31, 2026 (Unaudited) (continued)

Preference A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference shares may also have liquidation preference.

(a) Security exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Regulation S applies to securities offerings that are made outside of the United States and do not involve direct selling efforts in the United States and as such may have restrictions on resale.

\* Non-income producing security.

------

**The Korea Fund, Inc.** 

**SCHEDULE OF PORTFOLIO INVESTMENTS** 

AS OF MARCH 31, 2026 (Unaudited) (continued)

**A. Valuation of Investments** – Investments are valued in accordance with U.S. generally accepted accounting principles ("GAAP") and the Fund's valuation policies set forth by, and under the supervision and responsibility of, the Board of Trustees of the Trust (the "Board"), which established the following approach to valuation, as described more fully below: (i) investments for which market quotations are readily available shall be valued at their market value and (ii) all other investments for which market quotations are not readily available shall be valued at their fair value as determined in good faith by the Board.

Under Section 2(a)(41) of the Investment Company Act of 1940 Act, the Board is required to determine fair value for securities that do not have readily available market quotations. Under SEC Rule 2a-5 (Good Faith Determinations of Fair Value), the Board may designate the performance of these fair valuation determinations to a valuation designee. The Board has designated the Adviser as the "Valuation

Designee" to perform fair valuation determinations for the Fund on behalf of the Board subject to appropriate oversight by the Board. The Adviser, as Valuation Designee, leverages the J.P. Morgan Asset Management Americas Valuation Committee ("AVC") to help oversee and carry out the policies for the valuation of investments held in the Funds. The Adviser, as Valuation Designee, remains responsible for the valuation determinations. This oversight by the AVC includes monitoring the appropriateness of fair values based on results of ongoing valuation oversight including, but not limited to, consideration of macro or security specific events, market events, and pricing vendor and broker due diligence. The Administrator is responsible for discussing and assessing the potential impacts to the fair values on an ongoing basis, and, at least on a quarterly basis, with the AVC and the Board.

Equities and other exchange-traded instruments are valued at the last sale price or official market closing price on the primary exchange on which the instrument is traded before the net asset values ("NAV") of the Fund are calculated on a valuation date.

Certain foreign equity instruments are valued by applying international fair value factors provided by an approved Pricing Service. The factors seek to adjust the local closing price for movements of local markets post-closing, but prior to the time the NAVs are calculated.

Valuations reflected in this report are as of the report date. As a result, changes in valuation due to market events and/or issuer-related events after the report date and prior to issuance of the report are not reflected herein.

The various inputs that are used in determining the valuation of the Fund's investments are summarized into the three broad levels listed below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 — Unadjusted inputs using quoted prices in active markets for identical investments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 — Other significant observable inputs including, but not limited to, quoted prices for similar
investments, inputs other than quoted prices that are observable for investments (such as interest rates, prepayment speeds, credit risk, etc.) or other market corroborated inputs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 — Significant inputs based on the best information available in the circumstances, to the
extent observable inputs are not available (including the Fund's assumptions in determining the fair value of investments).

A financial instrument's level within the fair value hierarchy is based on the lowest level of any input, both individually and in the aggregate, that is significant to the fair value measurement. The inputs or methodology used for valuing instruments are not necessarily an indication of the risk associated with investing in those instruments.

The following table represents each valuation input as presented on the Schedule of Portfolio Investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1<br>Quoted prices** | **Level 2<br>Other significant<br>observable<br>inputs** | **Level 3<br>Significant<br>unobservable<br>inputs** | **Total** |
|  **Total Investments in Securities**(a) | $– $| 211687139 | $– $| 211687139 |

---

(a) Please refer to the schedule of portfolio investments for specifics of portfolio holdings.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Korea Fund, Inc.

- **b. Investment Company Act file number:** 811-04058

- **c. CIK number of Registrant:** 0000748691

- **d. LEI of Registrant:** 549300M4Y1IG0WPTKC03

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 60 Victoria Embankment

  - **City:** London

  - **Zip / Postal Code:** EC4Y 0JP

  - **Telephone number:** 1-866-706-0510

**Item A.2. Information about the Series.**

- **a. Name of Series:** Korea Fund, Inc.

- **c. LEI of Series:** 549300M4Y1IG0WPTKC03

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $213644712.81

**Total Liabilities:** $300807.25

**Net Assets:** $213343905.56

**Cash Not Reported:** $130444.44

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 26.47%               | 20.37%               | -20.28%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6312005.52              | $40364794.84                               |
| Month 2  | $8329238.23              | $36656740.27                               |
| Month 3  | $5979547.67              | $-60668328.18                              |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                  | Title                                                          | Identifiers                             | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Korea Aerospace Industries Ltd.                       | Korea Aerospace Industries Ltd.                                | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     25500 | NS      | $2882667.74   | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| BNK Financial Group, Inc.                             | BNK Financial Group, Inc.                                      | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    169000 | NS      | $2049590.30   | 0.96%             |  |  |  | No            |                  2 | On Loan: No      |
| SK, Inc.                                              | SK, Inc.                                                       | CUSIP: N/A<br>LEI: 988400GMME8AOAFMDK34 | Long             | EC               | CORP              | KR        |     18500 | NS      | $3803483.46   | 1.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Daeduck Electronics Co. Ltd.                          | Daeduck Electronics Co. Ltd.                                   | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     26100 | NS      | $1354753.97   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Hankook Tire & Technology Co. Ltd.                    | Hankook Tire & Technology Co. Ltd.                             | CUSIP: N/A<br>LEI: 9884001BIEVM09M7AH02 | Long             | EC               | CORP              | KR        |     53400 | NS      | $1965695.77   | 0.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Kolon TissueGene, Inc.                                | Kolon TissueGene, Inc.                                         | CUSIP: N/A<br>LEI: 5493000SYYLC88FUL781 | Long             | EC               | CORP              | US        |     26350 | NS      | $1913020.08   | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Chem Ltd.                                          | LG Chem Ltd.                                                   | CUSIP: N/A<br>LEI: 988400IES4EIG7O06940 | Long             | EC               | CORP              | KR        |     14100 | NS      | $2882030.42   | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Shinsegae, Inc.                                       | Shinsegae, Inc.                                                | CUSIP: N/A<br>LEI: 9884005BGBN4CVNXZ186 | Long             | EC               | CORP              | KR        |      6000 | NS      | $1233869.19   | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Heavy Industries Co. Ltd.                  | HD Hyundai Heavy Industries Co. Ltd.                           | CUSIP: N/A<br>LEI: 988400CAR8W9URQLGF30 | Long             | EC               | CORP              | KR        |     13300 | NS      | $4260257.42   | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JYP Entertainment Corp.                               | JYP Entertainment Corp.                                        | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     45300 | NS      | $1869059.87   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| NAVER Corp.                                           | NAVER Corp.                                                    | CUSIP: N/A<br>LEI: 988400ULUQYDB2HQYJ61 | Long             | EC               | CORP              | KR        |     28700 | NS      | $3907461.50   | 1.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Lotte Tour Development Co. Ltd.                       | Lotte Tour Development Co. Ltd.                                | CUSIP: N/A<br>LEI: 988400JDEGTUZVSGJL45 | Long             | EC               | CORP              | KR        |     79500 | NS      | $933203.76    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Daou Technology, Inc.                                 | Daou Technology, Inc.                                          | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     53900 | NS      | $1566914.30   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Kia Corp.                                             | Kia Corp.                                                      | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76 | Long             | EC               | CORP              | KR        |     57500 | NS      | $5677032.73   | 2.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyosung Heavy Industries Corp.                        | Hyosung Heavy Industries Corp.                                 | CUSIP: N/A<br>LEI: 988400IDLF9EQ95M0928 | Long             | EC               | CORP              | KR        |      1850 | NS      | $3123857.38   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| LigaChem Biosciences, Inc.                            | LigaChem Biosciences, Inc.                                     | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     16400 | NS      | $2146066.78   | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Shinhan Financial Group Co. Ltd.                      | Shinhan Financial Group Co. Ltd.                               | CUSIP: N/A<br>LEI: 988400EB8A6G49E5KO54 | Long             | EC               | CORP              | KR        |    101600 | NS      | $6055498.03   | 2.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Hansol Chemical Co. Ltd.                              | Hansol Chemical Co. Ltd.                                       | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     10104 | NS      | $1733050.19   | 0.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Kolmar Korea Co. Ltd.                                 | Kolmar Korea Co. Ltd.                                          | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     26900 | NS      | $1386914.87   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Sung Kwang Bend Co. Ltd.                              | Sung Kwang Bend Co. Ltd.                                       | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     71500 | NS      | $1701811.75   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Hanwha Aerospace Co. Ltd.                             | Hanwha Aerospace Co. Ltd.                                      | CUSIP: N/A<br>LEI: 9884001NSUA8FQKQWR25 | Long             | EC               | CORP              | KR        |      3900 | NS      | $3325556.09   | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Investment Holdings Co. Ltd.                    | Korea Investment Holdings Co. Ltd.                             | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     13150 | NS      | $1834592.66   | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Japanese Yen                                          | Japanese Yen                                                   | CUSIP: N/A<br>LEI: N/A                  | Long             | STIV             |  | JP        |    108100 | OU      | $681.14       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PSK, Inc.                                             | PSK, Inc.                                                      | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     27500 | NS      | $1526839.37   | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Kakao Corp.                                           | Kakao Corp.                                                    | CUSIP: N/A<br>LEI: 988400FTKUBQXKVZP434 | Long             | EC               | CORP              | KR        |     19400 | NS      | $598922.06    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Biologics Co. Ltd.                            | Samsung Biologics Co. Ltd.                                     | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      3100 | NS      | $3177085.05   | 1.49%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Hyundai Engineering & Construction Co. Ltd.           | Hyundai Engineering & Construction Co. Ltd.                    | CUSIP: N/A<br>LEI: 988400CEQG9N710HN313 | Long             | EC               | CORP              | KR        |     37800 | NS      | $3690389.33   | 1.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Motor Co.                                     | Hyundai Motor Co. (Preference)                                 | CUSIP: N/A<br>LEI: 9884004RQX8PRBXQ8S60 | Long             | EC               | CORP              | KR        |     16500 | NS      | $2612145.74   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Hugel, Inc.                                           | Hugel, Inc.                                                    | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     10600 | NS      | $1708312.79   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| MNC Solution Co. Ltd.                                 | MNC Solution Co. Ltd.                                          | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     36000 | NS      | $2322976.46   | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electro-Mechanics Co. Ltd.                    | Samsung Electro-Mechanics Co. Ltd.                             | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     20500 | NS      | $5873438.64   | 2.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Classys, Inc.                                         | Classys, Inc., Class ys                                        | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     53200 | NS      | $1807807.90   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| South Korea Won                                       | South Korea Won                                                | CUSIP: N/A<br>LEI: N/A                  | Long             | STIV             |  | KR        | 206134917 | OU      | $134583.56    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Square Co. Ltd.                                    | SK Square Co. Ltd.                                             | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     15500 | NS      | $5103413.92   | 2.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Mobis Co. Ltd.                                | Hyundai Mobis Co. Ltd.                                         | CUSIP: N/A<br>LEI: 988400HJA9E0ZVDHRS65 | Long             | EC               | CORP              | KR        |      6100 | NS      | $1573923.59   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| KB Financial Group, Inc.                              | KB Financial Group, Inc.                                       | CUSIP: N/A<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |     65400 | NS      | $6420348.22   | 3.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Eugene Technology Co. Ltd.                            | Eugene Technology Co. Ltd.                                     | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     27300 | NS      | $2077179.77   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| NongShim Co. Ltd.                                     | NongShim Co. Ltd.                                              | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      3301 | NS      | $808384.61    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| LG Energy Solution Ltd.                               | LG Energy Solution Ltd.                                        | CUSIP: N/A<br>LEI: 988400QX6P286XA6ZS85 | Long             | EC               | CORP              | KR        |      6850 | NS      | $1873961.87   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Alteogen, Inc.                                        | Alteogen, Inc.                                                 | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      4700 | NS      | $1066033.94   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Hyundai Motor Co.                                     | Hyundai Motor Co.                                              | CUSIP: N/A<br>LEI: 9884004RQX8PRBXQ8S60 | Long             | EC               | CORP              | KR        |     18200 | NS      | $5606699.40   | 2.63%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Hynix, Inc.                                        | SK hynix, Inc.                                                 | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     69200 | NS      | $39261666.75  | 18.40%            |  |  |  | No            |                  2 | On Loan: No      |
| Kumho Petrochemical Co. Ltd.                          | Kumho Petrochemical Co. Ltd.                                   | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     22500 | NS      | $1795942.67   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| IsuPetasys Co. Ltd.                                   | IsuPetasys Co. Ltd.                                            | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     23750 | NS      | $1645792.70   | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| S-Oil Corp.                                           | S-Oil Corp.                                                    | CUSIP: N/A<br>LEI: 988400QTUXYDN8W3MZ32 | Long             | EC               | CORP              | KR        |     40300 | NS      | $2763414.50   | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                          | Samsung Electronics Co. Ltd. (Preference)                      | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     80700 | NS      | $6514393.61   | 3.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Korea Electric Power Corp.                            | Korea Electric Power Corp.                                     | CUSIP: N/A<br>LEI: 988400QG33WS7JEIV602 | Long             | EC               | CORP              | KR        |     68000 | NS      | $1933263.44   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Hanmi Pharm Co. Ltd.                                  | Hanmi Pharm Co. Ltd.                                           | CUSIP: N/A<br>LEI: 988400PP10VZVUOFE672 | Long             | EC               | CORP              | KR        |      5900 | NS      | $2106534.83   | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung C&T Corp.                                     | Samsung C&T Corp.                                              | CUSIP: N/A<br>LEI: 988400GFRE4IDFPE9E64 | Long             | EC               | CORP              | KR        |     25500 | NS      | $4469079.38   | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| British Pound                                         | British Pound                                                  | CUSIP: N/A<br>LEI: N/A                  | Long             | STIV             |  | GB        |       684 | OU      | $905.40       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HDC Hyundai Development Co-Engineering & Construction | HDC Hyundai Development Co-Engineering & Construction, Class E | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     68449 | NS      | $939707.46    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co. Ltd.                          | Samsung Electronics Co. Ltd.                                   | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    385070 | NS      | $45038323.02  | 21.11%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** Korea Fund, Inc.

**Signature:** Neil S. Martin

**Name of Signer:** Neil S. Martin

**Title:** Treasurer and Principal Financial Officer