The Korea Fund, Inc. Reports Earnings Results for the Half Year Ended December 31, 2019
February 27, 2020 at 12:41 am IST
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The Korea Fund, Inc. announced earnings results for the half year ended December 31, 2019. For the half year, the company announced total revenue was USD 2.284 million compared to USD 0 a year ago. Net income was USD 8.300 million compared to USD 0 a year ago.
The Korea Fund, Inc. (the Fund) is a closed-end, non-diversified management investment company. The Fund's investment objective is to seek long-term capital appreciation through investment in securities, primarily equity securities, of Korean companies. The Fund Primarily invests in equity securities listed on the Korea Stock Exchange. The Fund directly invests in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies. It invests in various sectors, including automobile components, biotechnology, chemicals, construction & engineering, consumer staples distribution & retail, electronic equipment, instruments & components, entertainment, food products, industrial conglomerates, interactive media & services, marine transportation, oil, gas & consumable fuels, semiconductors & semiconductors equipment, and others. Its investment adviser is JPMorgan Asset Management (Asia Pacific) Limited.
THE KOREA FUND, INC. 
