KOREA FUND INC — Director's Dealing 2007

Jul 13, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KOREA FUND INC (KF)
CIK: 0000748691
Period of Report: 2007-07-11

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
2007-07-11	Common Stock, par value $.01 per share	S	20000	$42.7021	Disposed	0	Direct
2007-07-12	Common Stock, par value $.01 per share	S	48766	$43.1703	Disposed	2373174	Direct
2007-07-11	Common Stock, par value $.01 per share	S	30000	$42.7021	Disposed	0	Direct
2007-07-12	Common Stock, par value $.01 per share	S	42040	$43.1703	Disposed	736794	Direct
2007-07-12	Common Stock, par value $.01 per share	S	14294	$43.1703	Disposed	107811	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 notes 3
and 4.

F2: Regarding CLIM: CLIM has no pecuniary interest in any of the shares owned directly by the funds or accounts listed in notes 3
and 4.

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

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

F5: These securities are beneficially owned by GFM Emerging Markets Country Fund.