The Korea Fund Announces New Transfer Agent and Amended Dividend Reinvestment Plan

The Board of Directors of The Korea Fund, Inc.

announced today that it has approved a new transfer agent for the Fund, as well as, certain amendments to the Fund's Dividend Reinvestment Plan (the “Plan”). American Stock Transfer & Trust Company, LLC (“AST”) will become the transfer agent for the Fund, effective as of September 17, 2012 (the “Effective Date”). The amended Plan and AST's role as transfer agent for Participants under the Plan will also commence as of the Effective Date. Participants are not required to re-enroll in the Plan or to take any other action to ensure the continuity of related services to them. A copy of the full amended Plan for the Fund is available at http://www.thekoreafund.com. Shareholders of the Fund or Plan Participants may continue to use the current dedicated telephone number to contact the new transfer agent: (800) 254-5197, and may also contact the transfer agent at P.O. Box 922, Wall Street Station, New York, NY 10269-0560 or www.amstock.com. The Korea Fund, Inc. is a non-diversified, closed-end investment company. The Fund seeks long-term capital appreciation through investing primarily in equity securities trading on the Korean stock exchanges. Its shares are listed on the New York Stock Exchange under the symbol “KF.” RCM Capital Management LLC and RCM Asia Pacific Limited are the Fund's investment manager and sub-adviser, respectively.