KOREA FUND INC — Director's Dealing 2006

Dec 4, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KOREA FUND INC (KF)
CIK: 0000748691
Period of Report: 2006-11-30

Reporting Person: CITY OF LONDON INVESTMENT GROUP PLC (10% Owner)
Reporting Person: EMERGING MARKETS COUNTRY FUND (Joint Filer)
Reporting Person: INVESTABLE EMERGING MARKETS COUNTRY FUND (Joint Filer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-30	Common Stock, par value $.01 per share	P	2757	$40.5411	Acquired	0	Direct
2006-11-30	Common Stock, par value $.01 per share	P	21643	$40.5411	Acquired	707207	Direct
2006-12-01	Common Stock, par value $.01 per share	P	3600	$40.1000	Acquired	728117	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $.01 per share	0	Direct
Common Stock, par value $.01 per share	0	Direct

Footnotes

F1: Regarding CLIG: CLIG has no pecuniary interest in any of the shares owned directly by the funds listed in notes 4

F2: Regarding CLIM: CLIM has no pecuniary interest in any of the shares owned directly by the funds listed in notes 4

F3: These securities are beneficially owned by Investable Emerging Market Country Fund.

F4: These securities are beneficially owned by Emerging Markets Country Fund.