Korea Fund Inc. Files 2024 Proxy Statement

TL;DR

Korea Fund Inc. filed its 2024 proxy statement, shareholders vote soon.

AI Summary

The Korea Fund, Inc. filed a definitive proxy statement (DEF 14A) on August 30, 2024, for its fiscal year ending June 30, 2024. The filing, which requires no fee, pertains to the company's annual meeting and related matters. The company is incorporated in Maryland and its principal business address is in London, UK, managed by JPMorgan Asset Management.

Why It Matters

This filing provides shareholders with essential information regarding the company's governance and upcoming decisions, allowing them to exercise their voting rights effectively.

Risk Assessment

Risk Level: low — This is a routine annual filing (DEF 14A) and does not contain information indicating unusual risk.

Key Numbers

• 2024 — Filing Year (The filing date is August 30, 2024, indicating the proxy statement for the 2024 period.)

Key Players & Entities

• KOREA FUND INC (company) — Registrant
• JPMORGAN ASSET MANAGEMENT (company) — Business and Mailing Address Provider
• 20240830 (date) — Filing Date
• 20241030 (date) — Fiscal Year End

FAQ

Key Financial Figures

• $1 — of Investment Companies* Julian Reid $1 - $10,000 $1 - $10,000 Yan Hu $10,
• $10,000 — vestment Companies* Julian Reid $1 - $10,000 $1 - $10,000 Yan Hu $10,001 - $50,
• $10,001 — $1 - $10,000 $1 - $10,000 Yan Hu $10,001 - $50,000 $10,001 - $50,000 Richard
• $50,000 — ,000 $1 - $10,000 Yan Hu $10,001 - $50,000 $10,001 - $50,000 Richard A. Silver
• $50,001 — $10,001 - $50,000 Richard A. Silver $50,001 - $100,000 $50,001 - $100,000 Matth
• $100,000 — $50,000 Richard A. Silver $50,001 - $100,000 $50,001 - $100,000 Matthew J. Sippe
• $100,000 M — Silver $50,001 - $100,000 $50,001 - $100,000 Matthew J. Sippel None None * There
• $57,000 — ctors receive an annual retainer fee of $57,000, this includes an increase of $1,000 wi
• $1,000 — f $57,000, this includes an increase of $1,000 with took effect from January 1, 2024.
• $14,000 — f the Board, who receives an additional $14,000 annual retainer fee and the Chairman of
• $8,000 — liance Committee receives an additional $8,000 annual fee for serving in that capacity
• $2,500 — irectors annual retainer fee includes a $2,500 attendance fee. Each Independent Direct
• $3,000 — or receives a fee, paid by the Fund, of $3,000 per special Directors meeting attended
• $2,000 — eceive a per diem fee for a full day of $2,000 or a pro-rated fee for a lesser period
• $5,000 m — or which compensation will be less than $5,000 may be approved in advance by the Chairma

Filing Documents

• d883219ddef14a.htm (DEF 14A) — 144KB
• g883219dsp1a.jpg (GRAPHIC) — 4KB
• g883219dsp1b.jpg (GRAPHIC) — 44KB
• g883219g03j29.jpg (GRAPHIC) — 39KB
• 0001193125-24-210649.txt ( ) — 264KB

From the Filing

DEF 14A 1 d883219ddef14a.htm FORM DEF 14A Form DEF 14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (RULE 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION PROXY STATEMENT PURSUANT TO SECTION 14(a) OF THE SECURITIES EXCHANGE ACT OF 1934 (Amendment No. ) Filed by the RegistrantFiled by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to Section 240.14a THE KOREA FUND, INC. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. (1) Title of each class of securities to which transaction applies: (2) Aggregate number of securities to which transaction applies: (3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (Set forth the amount on which the filing fee is calculated and state how it was determined): (4) Proposed maximum aggregate value of transaction: (5) Total fee paid: Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. (1) Amount Previously Paid: (2) Form, Schedule or Registration Statement No.: (3) Filing Party: (4) Date Filed: Dear Fellow Stockholders: The Annual Meeting of Stockholders (the Annual Meeting) of The Korea Fund, Inc. (the Fund) is to be held at the offices of JPMorgan, 383 Madison Ave. 13 th Floor, New York, NY 10179, at 10:30 a.m., Eastern time, on Wednesday, October 30, 2024. A Proxy Statement regarding the Annual Meeting, a proxy card for your vote at the Annual Meeting, and an envelope postage-prepaid in which to return your proxy card are enclosed. You may also vote through the Internet or by telephone by following the instructions on the enclosed proxy card. At the Annual Meeting, your Board will be seeking your support to re-elect two Class III Directors, Mr. Richard A. Silver and Madam Yan Hu (the Proposal). Your Board has three classes of Directors, each class serving for a three-year term. Your Board has carefully considered the Proposal and recommends that you vote in favor of the nominees for Class III Directors. Your Board looks forward to meeting stockholders at the Annual Meeting, at which time we shall be available to discuss any issues of interest to you with regard to our Fund. Yours very sincerely, Julian Reid Chairman of the Board STOCKHOLDERS ARE URGED TO SIGN AND DATE THE ENCLOSED PROXY CARD AND MAIL IT IN THE ENCLOSED POSTAGE-PREPAID ENVELOPE, OR TO VOTE THROUGH THE INTERNET OR BY TELEPHONE, SO AS TO ENSURE A QUORUM AT THE MEETING. THIS IS IMPORTANT WHETHER YOU OWN FEW OR MANY SHARES. THE KOREA FUND, INC. Notice of Annual Meeting of Stockholders To the Stockholders of The Korea Fund, Inc.: Please take notice that the Annual Meeting of Stockholders (the Meeting) of The Korea Fund, Inc. (the Fund) has been called to be held at the offices of JPMorgan, 383 Madison Ave. 13 th Floor, New York, NY 10179 on Wednesday, October 30, 2024, at 10:30 a.m., Eastern time, 1. To elect two Class III Directors of the Fund, to hold office for a term of three years and until their successors have been duly elected and qualified; and 2. To transact such other business as may properly come before the Meeting or any adjournments or postponements thereof. The Board of Directors has fixed the close of business on August 16, 2024 as the record date for the determination of stockholders entitled to notice of, and to vote at, the Meeting or any postponement or adjournment thereof. The enclosed proxy is being solicited on behalf of the Board of Directors. By order of the Board of Directors of the Fund Paul Winship Secretary London, United Kingdom August 26, 2024 It is important that your shares be represented at the Meeting in person or by proxy, no matter how many shares you own. If you do not expect to attend the Meeting, please complete, date, sign and return the applicable enclosed proxy or proxies in the accompanying envelope, which requires no postage if mailed in the United States, or vote through the Internet or by telephone. Please mark and mail your proxy or proxies, or vote through the Internet or by telephone, promptly in order to save the Fund any additional costs of further proxy solicitations and in order for the Meeting to be held as scheduled. PROXY STATEMENT GENERAL

View Full Filing

View this DEF 14A filing on SEC EDGAR