KOREA FUND INC — Director's Dealing 2007

Oct 9, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KOREA FUND INC (KF)
CIK: 0000748691
Period of Report: 2007-10-04

Reporting Person: CITY OF LONDON INVESTMENT GROUP PLC (10% Owner)
Reporting Person: CITY OF LONDON INVESTMENT MANAGEMENT CO LTD (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-10-04	Common Stock, par value $.01 per share	S	10000	$46.7422	Disposed	1584874	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 or accounts listed in note 3.

F2: Regarding CLIM: CLIM has no pecuniary interest in any of the shares owned directly by the funds or accounts listed in note 3.

F3: These securities are beneficially owned by segregated accounts for which CLIM provides investment advisory services.