Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend]
May 10 2024 - 4:01PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
13G
Under
the Securities Exchange Act of 1934
(Amendment
No. 7)*
The
Korea Fund, Inc.
(Name
of Issuer)
Common
Stock
(Title
of Class of Securities)
500634209
(CUSIP
Number)
April 30, 2024
(Date
of Event Which Requires Filing of This Statement)
Check
the appropriate box to designate the rule pursuant to which this Schedule is filed:
☒ Rule
13d-1(b)
☐ Rule 13d-1(c)
☐ Rule 13d-1(d)
*
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 in 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 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the Notes).
CUSIP
No. 500634209 |
13G |
Page
2 of 6 Pages |
1 |
|
NAME
OF REPORTING PERSONS
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
|
|
|
2 |
|
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
|
(a)
☐
(b)
☐ |
3 |
|
SEC
USE ONLY
|
|
|
4 |
|
CITIZENSHIP
OR PLACE OF ORGANIZATION
England
and Wales
|
|
|
|
|
|
|
|
NUMBER
OF
SHARES
BENEFICIALLY
OWNED BY EACH
REPORTING
PERSON WITH |
|
5 |
|
SOLE
VOTING POWER
1,209,604
|
|
6 |
|
SHARED
VOTING POWER
0
|
|
7 |
|
SOLE
DISPOSITIVE POWER
1,209,604
|
|
8 |
|
SHARED
DISPOSITIVE POWER
0
|
|
|
|
|
|
9 |
|
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,209,604
|
|
|
10 |
|
CHECK
BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
|
|
☐ |
11 |
|
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
25.0%
|
|
|
12 |
|
TYPE
OF REPORTING PERSON
IA
|
|
|
CUSIP
No. 500634209
|
13G |
Page
3 of 6 Pages |
Item 1(a). |
Name of Issuer: |
The
Korea Fund, Inc.
Item 1(b). |
Address of
Issuer's Principal Executive Offices: |
The
principal executive offices of the Fund are located at:
383
Madison Ave. 11th Floor
New
York, NY 10179
Item 2(a). |
Name of Person
Filing: |
This statement is being filed by City of London Investment
Management Company Limited (“CLIM” or the “Reporting Person”). CLIM is a fund manager, which specializes in investing
in closed-end investment companies and is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940. CLIM
is controlled by City of London Investment Group plc (“CLIG”), which is listed on the London Stock Exchange. However, in accordance
with SEC Release No. 34-39538 (January 12, 1998), effective informational barriers have been established between CLIM and CLIG such that
voting and investment power over the subject securities is exercised by CLIM independently of CLIG, and, accordingly, attribution of beneficial
ownership is not required between CLIM and CLIG.
CLIM is principally engaged in the business of providing
investment advisory services to various public and private investment funds, including Emerging (BMI) Markets Country Fund (“BMI”),
a private investment fund organized as a Delaware business trust, Emerging Markets Free Fund (“CF”), a private investment
fund organized as a Delaware business trust, Emerging Markets Global Fund (“CG”), a private investment fund organized as a
Delaware business trust, Emerging Markets Investable Fund (“CI”), a private investment fund organized as a Delaware business
trust, Global Emerging Markets Fund (“EUREKA”), a private investment fund organized as a Delaware business trust, The Emerging
World Fund (“EWF”), a Dublin, Ireland-listed open-ended investment company, Emerging (Free) Markets Country Fund (“FREE”),
a private investment fund organized as a Delaware business trust, Emerging Markets Country Fund (“GBL”), a private investment
fund organized as a Delaware business trust, and unaffiliated third-party segregated accounts over which CLIM exercises discretionary
voting and investment authority (the “Segregated Accounts”).
BMI, CF, CG, CI, EUREKA, EWF, FREE, and GBL are collectively
referred to herein as the “City of London Funds.”
The Shares
to which this Schedule 13G relates are owned directly by the City of London Funds and the Segregated Accounts.
CUSIP
No. 500634209
|
13G |
Page
4 of 6 Pages |
Item 2(b). |
Address of
Principal Business Office or, if none, Residence: |
77
Gracechurch Street
London
EC3V 0AS
England
England
and Wales
Item 2(d). |
Title of Class
of Securities: |
Common
Stock, par value $.001 per share
500634209
Item 3. |
If This Statement
is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: |
| (a) |
☐ | Broker
or dealer registered under Section 15 of the Act (15 U.S.C. 78o); |
| (b) |
☐ | Bank
as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); |
| (c) |
☐ | Insurance
company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); |
| (d) |
☐ | Investment
company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); |
| (e) |
☒ | An
investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); |
| (f) |
☐ | An
employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); |
| (g) |
☐ | A
parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); |
| (h) |
☐ | A
savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C.
1813); |
| (i) |
☐ | A
church plan that is excluded from the definition of an investment company under Section 3(c)(14)
of the Investment Company Act (15 U.S.C. 80a-3); |
| (j) |
☐ | Group,
in accordance with Rule 13d-1(b)(1)(ii)(J). |
CUSIP
No. 500634209
|
13G |
Page
5 of 6 Pages |
(a)
Amount beneficially owned:
1,209,604
(b)
Percent of Class:
25.0%
(c)
Number of shares as to which such person has:
(i) Sole power to vote or to direct the
vote: 1,209,604
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition
of: 1,209,604
(iv) Shared power to dispose or to direct
the disposition of: 0
Item 5. |
Ownership
of Five Percent or Less of a Class. |
Not applicable.
Item 6. |
Ownership
of More than Five Percent on Behalf of Another Person. |
Not
applicable.
Item 7. |
Identification
and Classification of the Subsidiary Which Acquired the Security being Reported on by the Parent Holding Company. |
Not
applicable.
Item 8. |
Identification
and Classification of Members of the Group. |
Not
applicable.
Item 9. |
Notice of
Dissolution of Group. |
Not
applicable.
By signing
below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary
course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control
of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having
that purpose or effect.
CUSIP
No. 500634209
|
13G |
Page
6 of 6 Pages |
SIGNATURE
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: May
10, 2024
|
CITY
OF LONDON INVESTMENT MANAGEMENT COMPANY LIMITED
|
|
|
|
|
|
|
By:
|
/s/ Catrina
Reagan |
|
|
|
Name:
Catrina Reagan |
|
|
|
Title: US Chief Compliance Officer |
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