Tranche Update on The Korea Fund, Inc. (NYSE:KF)'s Equity Buyback Plan announced on November 2, 2015
August 29, 2023 at 09:30 am IST
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From January 1, 2023 to March 31, 2023, the company has repurchased 27,184 shares, for $0.61 million. With this, the company has completed the repurchase of 1,681,386 shares, for $58.65 million under the buyback announced on November 2, 2015.
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. 