The Korea Fund, Inc. Announces Earnings Results for Third Quarter and Nine Months Ended March 31, 2019
May 30, 2019 at 09:05 pm
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The Korea Fund, Inc. announced earnings results for third quarter and nine months ended March 31, 2019. For the quarter Net Investment loss was $181,300 or $0.03 compared to Net Investment Income of $301,343 or $0.05 per share for the same period a year ago.
For nine months Net Investment loss was $1,307,396 or $0.25 compared to Net Investment Income of $1,189,388 or $0.21 per share for the same period a year ago.
The Korea Fund, Inc. (the Fund) is a closed-end, non-diversified management investment company. The Fund's investment objective is to seek long-term capital appreciation through investment in securities, primarily equity securities, of Korean companies. The Fund Primarily invests in equity securities listed on the Korea Stock Exchange. The Fund directly invests in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies. It invests in various sectors, including automobile components, biotechnology, chemicals, construction & engineering, consumer staples distribution & retail, electronic equipment, instruments & components, entertainment, food products, industrial conglomerates, interactive media & services, marine transportation, oil, gas & consumable fuels, semiconductors & semiconductors equipment, and others. Its investment adviser is JPMorgan Asset Management (Asia Pacific) Limited.
THE KOREA FUND, INC. 
