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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
(Amendment No. 4)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
The Korea Fund, Inc
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(Name of Issuer)
Common Stock, par value $.01 per share
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(Title of Class of Securities)
500634100
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(CUSIP Number)
Barry M. Olliff
c/o City of London Investment Management Company Limited
10 Eastcheap, London EC3M ILX, England
+44 207 711 0771
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(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
August 31, 2004
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(Date of Event Which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), (f) or (g), check the following box [_].
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act.
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(Page 1 of 6 Pages)
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CUSIP NO. 500634100 13D PAGE 2 of 6
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
City of London Investment Group PLC, a company incorporated under
the laws of England and Wales.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [_]
(B) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
England and Wales
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NUMBER OF 7 SOLE VOTING POWER
SHARES 4,386,082
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 4,386,082
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,386,082
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.81%
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14 TYPE OF REPORTING PERSON*
HC
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CUSIP NO. 500634100 13D PAGE 3 of 6
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
City of London Investment Management Company Limited, a company
incorporated under the laws of England and Wales.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A) [_]
(B) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
WC
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEM 2(d) OR 2(e)
[_]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
England and Wales
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NUMBER OF 7 SOLE VOTING POWER
SHARES 4,358,062
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BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY 0
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EACH 9 SOLE DISPOSITIVE POWER
REPORTING 4,358,062
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PERSON 10 SHARED DISPOSITIVE POWER
WITH 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,358,062
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN
SHARES
[_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.75%
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14 TYPE OF REPORTING PERSON*
IA
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CUSIP NO. 500634100 13D PAGE 4 of 6
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This Amendment No. 4 to Schedule 13D (this "Amendment No. 4") should be read in
conjunction with the Schedule 13D filed with the U.S. Securities and Exchange
Commission (the "SEC") on February 17, 2004 (the "Original Schedule 13D"), with
Amendment No. 1 to Schedule 13D filed with the SEC on March 1, 2004 ("Amendment
No. 1"), with Amendment No. 2 to Schedule 13D filed with the SEC on May 5, 2004
("Amendment No. 2") and with Amendment No. 3 to Schedule 13D filed with the SEC
on July 8, 2004 ("Amendment No. 3" and, together with Amendment No. 1 and
Amendment No. 2, the "Amendments") by City of London Investment Group PLC and
City of London Investment Management Company Limited relating to the shares of
common stock, par value $0.01 per share (the "Shares"), of The Korea Fund, Inc.,
a Maryland corporation (the "Fund"). This Amendment No. 4 amends Item 4 of the
Original Schedule 13D and Item 5 of the Original 13D as amended by the
Amendments. All other information in the Original Schedule 13D and the
Amendments remain in effect. All capitalized terms used herein and not otherwise
defined shall have the meanings ascribed thereto in the Original Schedule 13D.
ITEM 4. PURPOSE OF TRANSACTION.
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Item 4 of the Original 13D as amended by the Amendments is hereby
further amended by deleting the first sentence after the heading
"Possible Actions" and replacing it with the following sentences:
"The Reporting Persons believe that the Board should explore a variety
of strategic alternatives designed to provide all shareholders,
regardless of size, with regular opportunities to realize NAV for
their Shares (less transactional fees and expenses). Among the
strategic alternatives that the Reporting Persons believe should be
considered are: meaningful share repurchase plans, a regular cash
tender, and conversion to interval status, as well as other actions
that would increase shareholders' ability to realize NAV for their
Shares (less transactional fees and expenses) on a regular basis."
Other than as set forth above, none of the Reporting Persons or, in
the case of non-individual Reporting Persons, any of their directors
or executive officers identified in Item 2, have any present plans or
proposals which relate to or could result in, any of the matters
referred to in paragraphs (a) through (j), inclusive, of Item 4 of
Schedule 13D (although they reserve the right to develop any such
plans or proposals).
ITEM 5. INTERESTS IN SECURITIES OF THE ISSUER.
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Items 5(a) and 5(b) below are hereby amended and restated in their
entirety and Item 5(c) is hereby amended as follows:
(a) and (b). As of the date hereof, EWF, GEM, IEM, GFM, FREE, the
Accounts and Global owned directly 132,036, 1,157,847, 1,142,627,
113,436, 328,994, 1,483,122 and
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CUSIP NO. 500634100 13D PAGE 5 of 6
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28,020 Shares, respectively, representing approximately 0.30%, 2.59%,
2.56%, 0.25%, 0.74%, 3.32% and 0.06%, respectively, of the Shares
outstanding (based on the most recent Share information publicly
disclosed by the Fund).
As of the date hereof, CLIG, through its control of CLIM and City of
London Quantitative Management Ltd., is the beneficial owner of
4,386,082 Shares, representing approximately 9.81% of the Shares
outstanding (based on the most recent Share information publicly
disclosed by the Fund)
As of the date hereof, CLIM, through EWF, GEM, IEM, FREE, GFM and the
Accounts, is the beneficial owner of 4,358,062 Shares, representing
approximately 9.75% of the Shares outstanding (based on the most
recent Share information publicly disclosed by the Fund).
(c). Information with respect to all transactions in the Shares
beneficially owned by the Reporting Persons that were effected during
the past 60 days is set forth in Annex A to this Amendment No. 4.
SIGNATURE
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After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Dated: August 31, 2004
CITY OF LONDON INVESTMENT GROUP PLC
/s/ Barry M. Olliff
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Name: Barry M. Olliff
Title: Director
CITY OF LONDON INVESTMENT MANAGEMENT
COMPANY LIMITED
/s/ Barry M. Olliff
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Name: Barry M. Olliff
Title: Director
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CUSIP NO. 500634100 13D PAGE 6 of 6
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ANNEX A
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INFORMATION WITH RESPECT TO TRANSACTIONS
IN THE FUND'S COMMON STOCK
DURING THE PAST SIXTY DAYS
Number of Shares City of London
of Common Stock Fund which Price Per Share
Date Purchased/(Sold) Purchased/(Sold) (US$)
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8/11/04 3,750 GFM 17.69
8/11/04 7,500 IEM 17.69
8/11/04 7,500 FREE 17.69
8/11/04 11,250 EWF 17.69
8/06/04 20,000 Accounts 16.74
8/05/04 5,000 FREE 17.31
8/05/04 15,000 IEM 17.31
8/04/04 3,500 IEM 17.01
8/04/04 1,000 EWF 17.01
7/28/04 20,000 Accounts 17.31
7/27/04 5,400 GEM 17.17
7/26/04 10,900 IEM 17.15
7/06/04 25,000 GEM 18.08
6/25/04 4,000 Accounts 18.55
6/24/04 96,200 Accounts 18.39
6/17/04 2,200 GFM 18.19
6/03/04 13,100 Accounts 18.16