Korea Equity Fund Announces Expiration of Its Cash Tender Offer and Preliminary Results

Korea Equity Fund, Inc.

, a closed-end equity fund, announced today the expiration of its cash tender offer to purchase up to 1,082,292 shares of the outstanding common stock of the Fund. The offer and withdrawal rights expired at 5:00 p.m., New York City time, on Monday, March 5, 2012.