The Board of Directors (the “Board”) of the Korea Fund, Inc. (NYSE:KF, Financial) (the “Fund”) announced today that it will resume the operation of its Discount Management Program (the "Program"), which was temporarily halted on Thursday, December 24, 2020 in advance of the Fund’s transition of its investment management and administration to JPMorgan Asset Management (Asia Pacific) Limited and its affiliates on Friday, January 1st 2021. The Board has determined the resumption of the Program would be in the best interest of the Fund and its stockholders. The Program will operate in accordance with the procedures and parameters adopted by the Board of Directors and the execution for any stock repurchases will be undertaken by Wells Fargo Advisors Financial Network.
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