UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number: 811-04058 The Korea Fund, Inc. (Exact name of registrant as specified in charter) 1345 Avenue of the Americas, New York, NY 10105 (Address of Principal Executive Office) Allianz Global Investors Fund Management LLC 1345 Avenue of the Americas New York, NY 10105 (Name and Address of Agent for Service) Registrant's telephone number, including area code: 212-739-3000 Date of fiscal year end: June 30 Date of reporting period: July 1, 2006 through June 30, 2007 ITEM 1. PROXY VOTING RECORD ******************************* FORM N-Px REPORT ******************************* ICA File Number: 811-04058 Reporting Period: 07/01/2006 - 06/30/2007 The Korea Fund, Inc ============================= THE KOREA FUND, INC. ============================= ACE DIGITECH CO. Ticker: Security ID: Y0004A106 Meeting Date: MAR 5, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Financial Statements and For For Management disposition of deficit 2 Amend Articles of Incorporation For For Management 3 Elect Directors For For Management 4 Appoint Auditor For For Management 5 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 6 Approve Limit on Remuneration of Auditor For For Management -------------------------------------------------------------------------------- AHNLAB INC. Ticker: Security ID: Y0027T108 Meeting Date: DEC 6, 2006 Meeting Type: Special Record Date: NOV 8, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Director For For Management -------------------------------------------------------------------------------- AHNLAB INC. Ticker: Security ID: Y0027T108 Meeting Date: MAR 23, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 400 Per Share 2 Amend Articles of Incorporation For For Management 3 Elect Executive Director For For Management 4 Elect Three Members of Audit Committee For For Management 5 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 6 Approve Stock Option Grants For For Management 7 Approve Previous Stock Option Granted by For For Management Board -------------------------------------------------------------------------------- BYC CO. LIMITED Ticker: Security ID: Y1022T101 Meeting Date: JAN 11, 2007 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Auditor For For Management -------------------------------------------------------------------------------- BYC CO. LIMITED Ticker: Security ID: Y1022T101 Meeting Date: MAR 9, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividends of KRW 750 Per Common Share 2 Elect Directors For For Management 3 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 4 Approve Limit on Remuneration of Auditors For For Management -------------------------------------------------------------------------------- CHEIL COMMUNICATIONS INC. Ticker: Security ID: Y1296G108 Meeting Date: FEB 28, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 7000 Per Share 2 Elect Two Executive Directors and One For For Management Independent Non-Executive Director 3 Appoint Auditor For For Management 4 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 5 Approve Limit on Remuneration of Auditors For For Management -------------------------------------------------------------------------------- CHOONGWAE PHARM Ticker: Security ID: Y1591M107 Meeting Date: MAR 16, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividends of KRW 500 Per Common Share 2 Elect Executive Director For For Management 3 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 4 Approve Limit on Remuneration of Auditor For For Management -------------------------------------------------------------------------------- CJ CORP. (FORMERLY CHEIL JEDANG CORP.) Ticker: Security ID: Y12981109 Meeting Date: FEB 28, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividends of KRW 1500 Per Common Share 2 Elect Two Directors For For Management 3 Elect Member of Audit Committee For For Management 4 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors -------------------------------------------------------------------------------- COSMAX CO. Ticker: Security ID: Y17652101 Meeting Date: AUG 25, 2006 Meeting Type: Special Record Date: JUL 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Delisting from KOSDAQ and Listing on KSE For For Management 2 Elect Independent Non-Executive Director For For Management -------------------------------------------------------------------------------- COSMAX CO. Ticker: Security ID: Y17652101 Meeting Date: MAR 16, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 150 Per Share 2.1 Amend Articles of Incorporation to Expand For For Management Business Objectives 2.2 Amend Articles of Incorporation regarding For For Management New Share Issuances 2.3 Amend Articles of Incorporation to Lower For For Management Stock Option Issuance Limit 2.4 Amend Articles of Incorporation to Create For For Management Employee Stock Ownership Program 2.5 Amend Articles of Incorporation to For For Management Shorten Share Registry Cancellation Period 2.6 Amend Articles of Incorporation to Change For For Management Location of Meeting Notices 2.7 Amend Articles of Incorporation to Allow For For Management Company to Cancel Unclaimed Dividends 3 Elect Independent Non-Executive Director For For Management 4 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 5 Approve Limit on Remuneration of Auditor For For Management -------------------------------------------------------------------------------- CROWN CONFECTIONERY CO. Ticker: Security ID: Y1806K102 Meeting Date: MAR 23, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Disposition of Deficit and Dividends of For For Management KRW 750 Per Common Share 2 Amend Articles of Incorporation For For Management 3 Elect Three Executive Directors For For Management 4 Appoint Auditors For For Management 5 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 6 Approve Limit on Remuneration of Auditors For For Management -------------------------------------------------------------------------------- DONGKUK STEEL MILL CO. LTD. Ticker: Security ID: Y20954106 Meeting Date: MAR 23, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 750 Per Share 2 Amend Articles of Incorporation For Against Management 3 Elect Three Directors For For Management 4 Elect Two Members of Audit Committee For For Management 5 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors -------------------------------------------------------------------------------- GS ENGINEERING & CONSTRUCTION LTD. (FRMLY LS ENGINEERING & CONSTRUCTION) Ticker: Security ID: Y2901E108 Meeting Date: MAR 16, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 1550 Per Share 2 Elect Three Independent Non-Executive For For Management Directors 3 Elect Members of Audit Committee For For Management 4 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors -------------------------------------------------------------------------------- HANA FINANCIAL GROUP INC. Ticker: Security ID: Y29975102 Meeting Date: MAR 23, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Financial Statements For For Management 2 Approve Appropriation of Income and For For Management Dividend of KRW 450 Per Share 3 Amend Articles of Incorporation For For Management 4.1 Elect Ten Directors For Against Management 4.2 Elect Three Members of Audit Committee For For Management 5 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 6 Approve Stock Option Grants For For Management -------------------------------------------------------------------------------- HANA TOUR SERVICE INC. Ticker: Security ID: Y2997Y109 Meeting Date: MAR 20, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 400 Per Share 2 Elect Member of Audit Committee For For Management 3 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 4 Approve Stock Option Grants For Against Management 5 Amend Articles of Incorporation For For Management -------------------------------------------------------------------------------- HANKOOK TIRE CO. Ticker: Security ID: Y30587102 Meeting Date: MAR 16, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 250 Per Share 2 Amend Articles of Incorporation to For For Management Increase Board Size, to Create Nominating Committee and to Require Minimum of Three Independent Non-Executive Directors on Audit Committee 3 Elect Directors For For Management 4 Elect Member of Audit Committee For For Management 5 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 6 Amend Terms of Severance Payments to For For Management Executives -------------------------------------------------------------------------------- HANKOOK TIRE CO. Ticker: Security ID: Y30587102 Meeting Date: JUN 7, 2007 Meeting Type: Special Record Date: MAY 11, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Jang Sung-Gon as Outside Director For For Management -------------------------------------------------------------------------------- HITE BREWERY (FORMERLY CHO SUN BREWERY) Ticker: Security ID: Y1593V105 Meeting Date: MAR 16, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 1100 Per Common Share 2 Elect Executive Director For For Management 3 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors -------------------------------------------------------------------------------- HOTEL SHILLA Ticker: Security ID: Y3723W102 Meeting Date: FEB 28, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividends of KRW 200 Per Common Share 2 Elect Independent Non-Executive Director For For Management 3 Appoint One Full-time Auditor and One For For Management Independent Auditor 4 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 5 Approve Limit on Remuneration of Auditors For For Management -------------------------------------------------------------------------------- HUMAX CO. Ticker: Security ID: Y3761A103 Meeting Date: MAR 21, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 150 Per Share 2 Elect Directors For For Management 3 Appoint Auditor For For Management 4 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 5 Approve Limit on Remuneration of Auditors For For Management 6 Amend Articles of Incorporation to Expand For For Management Business Objectives and to Set Requirements for Director Dismissal -------------------------------------------------------------------------------- HYNIX SEMICONDUCTOR INC. (FRMRLY. HYUNDAI ELECTRONIC IND.) Ticker: Security ID: Y3817W109 Meeting Date: MAR 29, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Financial Statements For For Management 2 Elect Six Directors For For Management 3 Elect Four Members of Audit Committee For For Management 4 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors -------------------------------------------------------------------------------- HYUNDAI ENGINEERING & CONSTRUCTION CO LTD Ticker: Security ID: Y38382100 Meeting Date: MAR 16, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Financial Statements For For Management 2 Amend Articles of Incorporation to Expand For For Management Business Objectives 3 Elect Four Directors For For Management 4 Elect Members of Audit Committee For For Management 5 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors -------------------------------------------------------------------------------- HYUNDAI MOBIS Ticker: Security ID: Y3849A109 Meeting Date: MAR 9, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividends of KRW 1250 Per Common Share 2 Amend Articles of Incorporation to Reduce For For Management Business Objectives, to Require Shareholder Approval on Share Issuances, to Reduce Board Maximum Size, and to Increase Staggered Board 3 Elect Directors For Against Management 4 Elect Members of Audit Committee For For Management 5 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors -------------------------------------------------------------------------------- INDUSTRIAL BANK OF KOREA Ticker: Security ID: Y3994L108 Meeting Date: MAR 22, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividends of KRW 550 Per Common Share 2 Amend Terms of Severance Payments to For For Management Executives 3 Amend Articles of Incorporation For For Management -------------------------------------------------------------------------------- INSUN ENVIRONMENTAL NEW TECHNOLOGY CO. Ticker: Security ID: Y40924105 Meeting Date: OCT 10, 2006 Meeting Type: Special Record Date: SEP 7, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Independent Non-Executive Director For For Management -------------------------------------------------------------------------------- INTOPS CO. Ticker: Security ID: Y4175V105 Meeting Date: MAR 16, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 500 Per Share 2 Amend Articles of Incorporation to Allow For For Management Board to Elect Representative Director 3 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 4 Approve Limit on Remuneration of Auditor For For Management -------------------------------------------------------------------------------- JEONBUK BANK Ticker: Security ID: Y4435S108 Meeting Date: MAR 16, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and Cash For For Management Dividend of KRW 100 Per Share 2 Amend Articles of Incorporation to Allow For For Management Different Terms for Independent Non-executive Directors 3 Elect Directors For For Management 4 Elect Members of Audit Committee who are For For Management also Independent Non-Executive Directors 5 Approve Previous Stock Options Granted by For For Management Board 6 Approve Stock Option Grants For For Management 7 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors -------------------------------------------------------------------------------- KH VATEC CO. Ticker: Security ID: Y4757K105 Meeting Date: DEC 20, 2006 Meeting Type: Special Record Date: NOV 22, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Two Incumbent Directors For For Management -------------------------------------------------------------------------------- KOOKMIN BANK Ticker: KBNKF Security ID: Y4822W100 Meeting Date: MAR 23, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 3650 Per Share 2 Elect Jacques P.M. Kemp as Independent For For Management Non-Executive Director 3 Elect Four Members of Audit Committee For For Management 4 Approve Stock Options Previous Granted by For For Management Board 5 Approve Stock Option Grants For For Management -------------------------------------------------------------------------------- KOOKMIN BANK Ticker: KB Security ID: 50049M109 Meeting Date: MAR 23, 2007 Meeting Type: Annual Record Date: DEC 29, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 APPROVAL OF NON-CONSOLIDATED FINANCIAL For For Management STATEMENTS (BALANCE SHEET, INCOME STATEMENT AND STATEMENT OF APPROPRIATION OF RETAINED EARNINGS) FOR THE FISCAL YEAR 2006, AS SET FORTH IN THE COMPANY S NOTICE OF MEETING ENCLOSED HEREWITH. 2 APPROVAL OF THE APPOINTMENT OF DIRECTORS, For For Management AS SET FORTH IN THE COMPANY S NOTICE OF MEETING ENCLOSED HEREWITH. 3 APPROVAL OF APPOINTMENT OF CANDIDATES FOR For For Management THE MEMBERS OF THE AUDIT COMMITTEE, WHO ARE NON-EXECUTIVE DIRECTORS, AS SET FORTH IN THE COMPANY S NOTICE OF MEETING ENCLOSED HEREWITH. 4 APPROVAL OF PREVIOUSLY GRANTED STOCK For For Management OPTION, AS SET FORTH IN THE COMPANY S NOTICE OF MEETING ENCLOSED HEREWITH. 5 APPROVAL OF THE GRANT OF STOCK OPTION, AS For For Management SET FORTH IN THE COMPANY S NOTICE OF MEETING ENCLOSED HEREWITH. -------------------------------------------------------------------------------- KOREA INVESTMENT HOLDINGS CO. (FRMLY DONGWON FINANCIAL HOLDING) Ticker: Security ID: Y4862P106 Meeting Date: MAY 25, 2007 Meeting Type: Annual Record Date: MAR 31, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Financial Statements For For Management 2 Approve Appropriation of Income and For For Management Dividends of KRW 700 Per Ordinary Share 3 Elect Four Directors For For Management 4 Elect Two Members of Audit Committee Who For For Management Are Independent 5 Approve Limit on Remuneration of For For Management Directors -------------------------------------------------------------------------------- KOREA ZINC CO LTD Ticker: Security ID: Y4960Y108 Meeting Date: FEB 28, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 1500 Per Share 2 Elect Directors For For Management 3 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 4 Approve Limit on Remuneration of Auditors For For Management -------------------------------------------------------------------------------- KOREAN AIR CO. LTD. (FORMERLY KOREAN AIR LINES) Ticker: Security ID: Y4936S102 Meeting Date: MAR 16, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and Cash For For Management Dividend of KRW 100 Per Common Share 2 Elect Three Executive Directors For For Management 3 Elect Two Members of Audit Committee For For Management 4 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors -------------------------------------------------------------------------------- KOREAN REINSURANCE CO. Ticker: Security ID: Y49391108 Meeting Date: JUN 14, 2007 Meeting Type: Annual Record Date: MAR 31, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 225 Per Share 2 Amend Articles of Incorporation For For Management 3 Elect Three Directors For For Management 4 Approve Limit on Remuneration of For For Management Directors -------------------------------------------------------------------------------- KT&G CORP. (FORMERLY KOREA TOBACCO & GINSENG) Ticker: Security ID: Y49904108 Meeting Date: MAR 14, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 2400 Per Share 2 Elect President of the Company For For Management 3 Elect Three Independent Non-Executive For For Management Directors 4 Elect Member of Audit Committee who is For For Management also Independent Non-Executive Director 5 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 6 Amend Terms of Severance Payments to For For Management Executive Directors 7 Amend Terms of Severance Payments to For For Management Executives -------------------------------------------------------------------------------- KUKDO CHEMICAL IND. Ticker: Security ID: Y5016X101 Meeting Date: MAR 16, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 800 Per Share 2 Amend Articles of Incorporation to For For Management Shorten Share Registry Cancellation Period 3 Elect Directors For For Management 4 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 5 Approve Limit on Remuneration of Auditor For For Management -------------------------------------------------------------------------------- LG CARD CO. Ticker: Security ID: Y5275T106 Meeting Date: MAR 26, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Financial Statements For For Management 2 Elect Six Directors For For Management 3 Elect Three Members of Audit Committee For For Management 4 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 5 Amend Articles of Incorporation For Against Management -------------------------------------------------------------------------------- LG CHEM LTD. Ticker: Security ID: Y52758102 Meeting Date: MAR 16, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividends of KRW 1000 Per Common Share 2 Elect Directors For For Management 3 Elect Members of Audit Committee For For Management 4 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors -------------------------------------------------------------------------------- LG DACOM CORPORATION (FRMLY DACOM CORP.) Ticker: Security ID: Y5252V108 Meeting Date: MAR 9, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 600 Per Share 2 Elect Independent Non-Executive Director For For Management 3 Elect Member of Audit Committee For For Management 4 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors -------------------------------------------------------------------------------- MEGASTUDY CO. Ticker: Security ID: Y59327109 Meeting Date: NOV 30, 2006 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Amend Articles of Incorporation to For For Management Increase Limits of Convertible Bond and Warrant Issuances and to Increase Board Responsibilities 2 Elect Directors For For Management -------------------------------------------------------------------------------- MEGASTUDY CO. Ticker: Security ID: Y59327109 Meeting Date: MAR 22, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 900 Per Share 2 Amend Articles of Incorporation to Expand For For Management Business Objectives 3 Elect Executive Director For For Management 4 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 5 Approve Limit on Remuneration of Auditor For Against Management -------------------------------------------------------------------------------- MERITZ FIRE & MARINE INSURANCE CO. (FRMY ORIENTAL FIRE & MARINE INSURANCE CO.) Ticker: Security ID: Y5945N109 Meeting Date: JUN 14, 2007 Meeting Type: Annual Record Date: MAR 31, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 100 Per Share 2 Amend Articles of Incorporation For Against Management 3.1 Elect Inside Directors For For Management 3.2 Elect Member of Audit Committee Who is For For Management Inside Director 3.3 Elect Outside Directors For For Management 4 Approve Limit on Remuneration of For Against Management Directors 5 Amend Terms of Severance Payments to For Against Management Executives -------------------------------------------------------------------------------- NAMYANG DAIRY PRODUCTS CO. Ticker: Security ID: Y6201P101 Meeting Date: MAR 16, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividends of KRW 950 Per Common Share 2 Elect Three Directors For For Management 3 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 4 Approve Limit on Remuneration of Auditor For For Management -------------------------------------------------------------------------------- NEPES CORP. (FORMERLY CLEAN CREATIVE CO) Ticker: Security ID: Y16615109 Meeting Date: MAR 26, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Financial Statements For For Management 2 Amend Articles of Incorporation For For Management 3 Elect Executive Director For For Management 4 Appoint Auditor For For Management 5 Approve Remuneration of Executive For Against Management Directors and Independent Non-Executive Directors 6 Approve Limit on Remuneration of Auditor For Against Management -------------------------------------------------------------------------------- NEXEN TIRE CORP. Ticker: Security ID: Y63377116 Meeting Date: FEB 12, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividends of KRW 450 Per Common Share 2 Approve Limit on Remuneration of Auditor For For Management 3 Elect Independent Non-Executive Director For For Management -------------------------------------------------------------------------------- NHN CORP. Ticker: Security ID: Y6347M103 Meeting Date: MAR 23, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Financial Statements For For Management 2 Amend Articles of Incorporation For Against Management 3 Elect Directors For For Management 4 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 5 Approve Stock Option Grants For For Management 6 Approve Previous Stock Options Granted by For For Management Board -------------------------------------------------------------------------------- ON MEDIA CO LTD Ticker: Security ID: Y6441V108 Meeting Date: MAR 8, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Financial Statements For For Management 2 Amend Articles of Incorporation to Expand For For Management Business Objectives 3 Elect Three Directors For For Management 4 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 5 Approve Limit on Remuneration of Auditor For For Management -------------------------------------------------------------------------------- PHOENIX PDE CO. Ticker: Security ID: Y6885M101 Meeting Date: FEB 28, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 100 Per Share 2 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 3 Approve Limit on Remuneration of Auditor For For Management 4 Amend Articles of Incorporation For Against Management -------------------------------------------------------------------------------- POSCO (FORMERLY POHANG IRON & STEEL) Ticker: Security ID: Y70750115 Meeting Date: FEB 23, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and Final For For Management Dividend of KRW 6000 Per Share 2.1 Amend Articles of Incorporation to Expand For For Management Business Objectives 2.2 Amend Articles of Incorporation for For For Management Issuance of New Shares, Convertible Bonds and Bonds with Warrants 2.3 Amend Articles of Incorporation to For For Management Clarify Existing Cumulative Voting Rules 3.1 Elect Two Independent Non-Executive For For Management Directors 3.2 Elect Member of Audit Committee who is For For Management also Independent Non-Executive Director 3.3 Elect Three Executive Directors For For Management 4 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors -------------------------------------------------------------------------------- S-OIL (SSANGYONG OIL REFINING) Ticker: Security ID: Y80710109 Meeting Date: MAR 28, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividends of KRW 2875 Per Common Share 2 Amend Articles of Incorporation For For Management 3.1 Elect Directors Who Are Not Audit For For Management Committee Members 3.2 Elect Members of Audit Committee Who Will For For Management Be Independent Non-Executive Directors 3.3 Elect Member of Audit Committee Who Will For Against Management Not Be Independent Non-Executive Directors 4 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors -------------------------------------------------------------------------------- S1 CORPORATION Ticker: Security ID: Y75435100 Meeting Date: FEB 28, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 900 Per Share 2 Amend Articles of Incorporation to Expand For For Management Business Objectives 3 Elect Six Directors For For Management 4 Appoint Auditors For For Management 5 Approve Remuneration of Executive For Against Management Directors and Independent Non-Executive Directors 6 Approve Limit on Remuneration of Auditors For For Management -------------------------------------------------------------------------------- SAMHO INTERNATIONAL CO. LTD. Ticker: Security ID: Y74693105 Meeting Date: MAR 16, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Financial Statements For For Management 2 Approve Appropriation of Income For For Management 3 Elect Two Directors For For Management 4 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 5 Approve Limit on Remuneration of Auditor For For Management -------------------------------------------------------------------------------- SAMSUNG CLIMATE CONTROL CO. Ticker: Security ID: Y7471F104 Meeting Date: MAR 29, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 30 Per Share 2 Elect Independent Non-Executive Director For For Management -------------------------------------------------------------------------------- SAMSUNG CORP. Ticker: Security ID: Y7470R109 Meeting Date: FEB 28, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividends of KRW 350 Per Common Share 2 Amend Articles of Incorporation to Expand For For Management Business Objectives 3 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors -------------------------------------------------------------------------------- SAMSUNG ELECTRONICS CO. LTD. Ticker: Security ID: Y74718100 Meeting Date: FEB 28, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and Final For For Management Dividend of KRW 5000 Per Common Share 2.1 Elect Independent Non-Executive Directors For For Management 2.2 Elect Executive Director For For Management 2.3 Elect Member of Audit Committee For For Management 3 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors -------------------------------------------------------------------------------- SAMSUNG FIRE & MARINE INSURANCE CO. Ticker: Security ID: Y7473H108 Meeting Date: MAY 31, 2007 Meeting Type: Annual Record Date: MAR 31, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For Against Management Dividends of KRW 1500 Per Ordinary Share 2 Elect Member of Audit Committee Who Is For For Management Not Independent 3 Approve Limit on Remuneration of For For Management Directors -------------------------------------------------------------------------------- SAMSUNG TECHWIN CO. (FRMRLY. SAMSUNG AEROSPACE) Ticker: Security ID: Y7470L102 Meeting Date: FEB 28, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 400 Per Share 2 Elect Members of Audit Committee For For Management 3 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors -------------------------------------------------------------------------------- SAMWOO EMC CORPORATION LTD Ticker: Security ID: Y7497R108 Meeting Date: MAR 22, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 150 Per Share 2 Amend Articles of Incorporation to Allow For For Management Other Locations for Shareholder Meetings 3 Elect Directors For For Management 4 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 5 Approve Limit on Remuneration of Auditor For For Management -------------------------------------------------------------------------------- SEOUL SEMICONDUCTOR CO LTD Ticker: Security ID: Y7666J101 Meeting Date: MAR 28, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 90 Per Share 2 Elect Executive Director For For Management 3 Appoint Auditor For For Management 4 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 5 Approve Limit on Remuneration of Auditor For For Management -------------------------------------------------------------------------------- SFA ENGINEERING CORP. Ticker: Security ID: Y7676C104 Meeting Date: MAR 23, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 1200 Per Share 2 Amend Articles of Incorporation For For Management 3 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 4 Approve Limit on Remuneration of Auditor For For Management -------------------------------------------------------------------------------- SHINSEGAE CO. (FORMERLY SHINSEGAE DEPARTMENT STORE) Ticker: Security ID: Y77538109 Meeting Date: MAR 9, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 1250 Per Share 2 Elect Directors For For Management 3 Elect Members of Audit Committee For For Management 4 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors -------------------------------------------------------------------------------- SK TELECOM Ticker: SKM Security ID: Y4935N104 Meeting Date: MAR 9, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Year-End Dividend of KRW 7000 Per Share 2 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 3.1 Elect Two Executive Directors For For Management 3.2 Elect Member of Audit Committee For For Management -------------------------------------------------------------------------------- TAEGU DEPARTMENT STORE CO. Ticker: Security ID: Y8361D100 Meeting Date: JUN 13, 2007 Meeting Type: Annual Record Date: MAR 31, 2007 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividends of KRW 400 Per Ordinary Share 2 Elect Koo Jeong-mo as Executive Director For For Management 3 Approve Limit on Remuneration of For For Management Directors 4 Approve Limit on Remuneration of Auditor For For Management -------------------------------------------------------------------------------- THINKWARE SYSTEMS CORP Ticker: Security ID: Y87973106 Meeting Date: MAR 26, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Financial Statements For For Management 2 Amend Articles of Incorporation For Against Management 3 Elect Two Directors For For Management 4 Approve Stock Option Grants For For Management 5 Approve Remuneration of Executive For Against Management Directors and Independent Non-Executive Directors 6 Approve Limit on Remuneration of Auditor For For Management -------------------------------------------------------------------------------- TK CORP. (FORMERLY TAEKWANG BEND INDUSTRY CO.) Ticker: Security ID: Y8363M108 Meeting Date: MAR 23, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 75 Per Share 2 Amend Articles of Incorporation to For For Management Increase Authorized Shares 3 Elect Executive Director For For Management 4 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 5 Approve Limit on Remuneration of Auditor For For Management -------------------------------------------------------------------------------- WOONGJIN COWAY CO. Ticker: Security ID: Y9694W104 Meeting Date: AUG 1, 2006 Meeting Type: Special Record Date: JUL 4, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Non-Executive Non-Independent For For Management Director 2 Approve Stock Option Grants For For Management 3 Approve Limit on Remuneration of For For Management Directors -------------------------------------------------------------------------------- WOONGJIN COWAY CO. Ticker: Security ID: Y9694W104 Meeting Date: MAR 23, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 400 Per Share 2 Elect Executive Director For For Management 3 Approve Stock Option Grants For For Management 4 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 5 Approve Limit on Remuneration of Auditor For For Management -------------------------------------------------------------------------------- YBMSISA.COM Ticker: Security ID: Y97517109 Meeting Date: MAR 23, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Financial Statements For For Management 2 Appoint Auditor For For Management 3 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors -------------------------------------------------------------------------------- YOULCHON CHEMICAL CO. Ticker: Security ID: Y98535100 Meeting Date: MAR 20, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividend of KRW 400 Per Share 2 Elect Directors For For Management 3 Appoint Auditor For For Management 4 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 5 Approve Limit on Remuneration of Auditors For For Management -------------------------------------------------------------------------------- YUHAN CORP Ticker: Security ID: Y9873D109 Meeting Date: MAR 16, 2007 Meeting Type: Annual Record Date: DEC 31, 2006 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Appropriation of Income and For For Management Dividends of KRW 1000 Per Common Share 2 Elect Director For For Management 3 Approve Remuneration of Executive For For Management Directors and Independent Non-Executive Directors 4 Approve Limit on Remuneration of Auditors For For Management ========== END NPX REPORT SIGNATURES Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant): The Korea Fund, Inc. By (Signature and Title)*: /s/ Robert J. Goldstein -------------------------------------------- Name: Robert J. Goldstein Title: President and Chief Executive Officer Date: August 31, 2007