-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, E+2aVuQ6UCkGMQAxpBjNBLB0js+vmttEw9PTAhEog/owUFhFlm3YZ5hRM3JBDOC3 EEyBaIyeBG0E1S1ia9SqPQ== 0000930413-03-003636.txt : 20031215 0000930413-03-003636.hdr.sgml : 20031215 20031215172800 ACCESSION NUMBER: 0000930413-03-003636 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20031215 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PRESIDENT & FELLOWS OF HARVARD COLLEGE CENTRAL INDEX KEY: 0000315016 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 042103580 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: C/O HARVARD MANAGEMENT COMPANY INC STREET 2: 600 ATLANTIC AVENUE CITY: BOSTON STATE: MA ZIP: 02210 BUSINESS PHONE: 6175234400 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: KOREA FUND INC CENTRAL INDEX KEY: 0000748691 IRS NUMBER: 133226146 STATE OF INCORPORATION: MD FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-36819 FILM NUMBER: 031055503 BUSINESS ADDRESS: STREET 1: 345 PARK AVE STREET 2: C/O SCUDDER STEVENS & CLARK INC CITY: NEW YORK STATE: NY ZIP: 10154 BUSINESS PHONE: 6173305464 SC 13D 1 c30169.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 SCHEDULE 13D UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. _____) The Korea Fund, Inc. --------------------------- (Name of Issuer) Common Stock --------------------------- (Title of Class of Securities) 500634100 --------------------------- (CUSIP Number) Michael Pradko Harvard Management Company, Inc. 600 Atlantic Avenue Boston, Massachusetts 02210 (617) 523-4400 with a copy to: Theodore Altman, Esq. Piper Rudnick LLP 1251 Avenue of the Americas New York, New York 10020-1104 ------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) December 15, 2003 --------------------------- (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 that is the subject of this Schedule 13D, and is filing this schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. [X] Page 1 of 8 Pages - ----------------------- ---------------------- CUSIP No. 500634100 SCHEDULE 13D Page 2 of 8 Pages - -------------------------------------------------------------------------------- 1 NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NUMBERS President and Fellows of Harvard College - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) |_| (b) |_| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 SOURCE OF FUNDS WC - -------------------------------------------------------------------------------- 5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) |_| - -------------------------------------------------------------------------------- 6 CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts - -------------------------------------------------------------------------------- NUMBER OF SHARES 7 SOLE VOTING POWER BENEFICIALLY OWNED BY EACH 11,813,400 REPORTING PERSON -------------------------------------------------- WITH 8 SHARED VOTING POWER 0 -------------------------------------------------- 9 SOLE DISPOSITIVE POWER 11,813,400 -------------------------------------------------- 10 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 11,813,400 - -------------------------------------------------------------------------------- 12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_| - -------------------------------------------------------------------------------- 13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 23.75% - -------------------------------------------------------------------------------- 14 TYPE OF REPORTING PERSON EP - -------------------------------------------------------------------------------- Page 2 of 8 Pages ITEM 1. SECURITY AND ISSUER. This statement on Schedule 13D relates to the shares of common stock, par value $.01 per share (the "Common Stock"), of The Korea Fund, Inc., a Maryland corporation (the "Issuer"), which has its principal executive offices at 345 Park Avenue, New York, New York 10154. ITEM 2. IDENTITY AND BACKGROUND. This statement is filed by President and Fellows of Harvard College ("Harvard"), a Massachusetts educational corporation. The principal executive offices of Harvard are located at c/o Harvard Management Company, 600 Atlantic Avenue, Boston, Massachusetts 02210. Harvard's investment activities are carried on from the offices of Harvard Management Company at 600 Atlantic Avenue, Boston, Massachusetts 02210. Information relating to each of the President, the Fellows and the executive officers of Harvard is contained in Exhibit A attached hereto and incorporated herein by reference. Each of the President, the Fellows and the executive officers of Harvard is a citizen of the Untied States of America. None of Harvard or, to the best of Harvard's knowledge or belief, any of the persons listed in Exhibit A has, during the past five years, been convicted in a criminal proceeding (excluding traffic violations and similar misdemeanors). Neither Harvard, nor to the best of Harvard's knowledge and belief, any of the persons listed in Exhibit A has, during the past five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION. Beneficial ownership of the Common Stock of the Issuer to which this statement relates was acquired by Harvard with Harvard's general funds. ITEM 4. PURPOSE OF TRANSACTION. Harvard acquired the Fund's shares to seek to profit from its investment. The Board of Directors of the Issuer announced on April 25, 2003 that it was undertaking a special review of the alternatives that would enable shareholders to "receive value that is near net asset value for at least a portion of their shares" (the "Announcement"). Harvard is filing this Schedule 13D because it plans to meet with the Issuer's Board of Directors to get a better understanding of, and to express its views on, how the Issuer may fulfill the goals stated in the Announcement. Except as described above, Harvard does not have any plans or proposals which relate to or would result in any of the actions set forth in parts (a) through (j) of Item 4. Harvard reserves the right to make any such plans or proposals in the future or to take any other steps to enhance the value of its investment. Page 3 of 8 Pages ITEM 5. INTEREST IN SECURITIES OF THE ISSUER. (a), (b) Harvard is the beneficial owner of 11,813,400 shares of Common Stock (approximately 23.75% of the shares of the Issuer's issued and outstanding Common Stock based on the most recent filing of the Issuer with the SEC). Harvard has sole power to vote and sole power to dispose of such shares to which this statement relates. (c) During the past sixty (60) days, Harvard bought and sold shares of Common Stock of the Issuer in open-market transactions on the New York Stock Exchange. The transaction dates, number of shares bought and sold and prices per share during that period are set forth on Exhibit B hereto. (d) Not applicable. (e) Not applicable. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS, OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. Not applicable. ITEM 7. MATERIALS TO BE FILED AS EXHIBITS. Exhibit A - Information concerning the President, the Fellows and the executive officers of Harvard. Exhibit B - Information concerning Harvard's transactions during the past sixty (60) days. Page 4 of 8 Pages SIGNATURES After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: December 15, 2003 PRESIDENT AND FELLOWS OF HARVARD COLLEGE By: /s/ Michael S. Pradko -------------------------------- Name: Michael S. Pradko Title: Authorized Signatory Page 5 of 8 Pages EXHIBIT INDEX Page Number In Exhibit Sequentially Number Description Numbered Copy - ------ ----------- ------------- A Information concerning the President, the 7 Fellows and the executive officers of Harvard B Information concerning Harvard's 8 transactions during the past sixty (60) days Page 6 of 8 Pages EX-99.A 3 c30169_ex99a.txt EXHIBIT A DIRECTORS AND EXECUTIVE OFFICERS The names of the President, the Fellows and the executive officers of Harvard and their business addresses and present principal occupation or employment are set forth below. If no business address is given, the business address of such director or executive officer is c/o Harvard Management Company, Inc., 600 Atlantic Avenue, Boston, Massachusetts 02210. PRESIDENT, FELLOWS AND EXECUTIVE OFFICERS OF HARVARD COLLEGE Name Office/Position ---- --------------- Lawrence H. Summers President D. Ronald Daniel Treasurer Mark Goodheart Secretary Hanna H. Gray Fellow Conrad K. Harper Fellow James R. Houghton Fellow Robert E. Rubin Fellow Robert D. Reischauer Fellow Page 7 of 8 Pages EX-99.B 4 c30169_ex99b.txt EXHIBIT B PRESIDENT AND FELLOWS OF HARVARD COLLEGE'S PURCHASES ON THE NYSE FOR THE PAST SIXTY DAYS Date Shares Purchased Price Per Share ----------------------------------------------------------------- 10/21/03 4,000 16.9 10/22/03 6,500 16.7378 10/24/03 10,600 16.1711 11/04/03 66,100 17.2721 11/04/03 55,000 17.3 11/04/03 15,400 17.255 11/05/03 33,000 17.32 11/05/03 17,700 17.3095 11/07/03 33,000 17.36 11/10/03 4,100 17.3 11/11/03 22,000 16.8882 11/11/03 48,100 16.9042 11/11/03 9,000 16.94 11/12/03 39,200 17.4622 11/13/03 5,400 17.63 11/14/03 13,100 17.645 11/14/03 32,200 17.5983 11/17/03 59,400 17.0852 11/18/03 26,100 17.2039 11/19/03 30,100 16.75 11/20/03 11,700 16.5161 12/10/03 40,500 16.9185 12/10/03 35,900 16.8911 Page 8 of 8 Pages -----END PRIVACY-ENHANCED MESSAGE-----