KOREA FUND INC — Director's Dealing 2006

Nov 16, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KOREA FUND INC (KF)
CIK: 0000748691
Period of Report: 2006-11-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-14	Common Stock, par value $.01 per share	P	7100	$39.5486	Acquired	0	Direct
2006-11-15	Common Stock, par value $.01 per share	P	10000	$39.8457	Acquired	684164	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 fund listed in note 4 below.

F2: Regarding CLIM: CLIM has no pecuniary interest in any of the shares owned directly by the fund listed in note 4 below.

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