EXHIBIT (2)(b)(v)


                              THE KOREA FUND, INC.

On October 6, 2004, the Board of Directors of The Korea Fund, Inc. (the "Fund")
adopted the following resolutions amending the Bylaws of the Fund.

         Article II, STOCKHOLDERS, was amended by adding a new section 2.12, as
follows:

         Section 2.12. Organization and Conduct. Every meeting of stockholders
shall be conducted by the Chairman of the Board or, in the case of a vacancy in
the office or absence of the Chairman of the Board, by one of the following
officers present at the meeting: the Vice Chairman of the Board, the President
and Chief Executive Officer, the Vice Presidents in their order of rank and
seniority, or, in the absence of any such officer, a chairman chosen by the
stockholders by the vote of a majority of the votes cast by stockholders present
in person or by proxy. The Secretary, or, in the Secretary's absence, an
Assistant Secretary, or in the absence of both the Secretary and Assistant
Secretaries, a person appointed by the Board of Directors or, in the absence of
such appointment, a person appointed by the Chairman of the meeting shall act as
secretary. In the event that the Secretary presides at a meeting of the
stockholders, an Assistant Secretary, or in the absence of assistant
secretaries, an individual appointed by the Board of Directors or the Chairman
of the meeting, shall record the minutes of the meeting. The order of business
and all other matters of procedure at any meeting of stockholders shall be
determined by the Chairman of the meeting. The Chairman of the meeting may
prescribe such rules, regulations and procedures and take such action as, in the
discretion of such Chairman, are appropriate for the proper conduct of the
meeting, including, without limitation, (a) restricting admission to the time
set for the commencement of the meeting; (b) limiting attendance at the meeting
to stockholders of record of the Corporation, their duly authorized proxies and
other such individuals as the chairman of the meeting may determine; (c)
limiting participation at the meeting on any matter to stockholders of record of
the Corporation entitled to vote on such matter, their duly authorized proxies
and other such individuals as the chairman of the meeting may determine; (d)
limiting the time allotted to questions or comments by participants; (e)
determining when the polls should be opened and closed; (f) maintaining order
and security at the meeting; (g) removing any stockholder or any other
individual who refuses to comply with meeting procedures, rules or guidelines as
set forth by the chairman of the meeting; and (h) concluding a meeting or
recessing or adjourning the meeting to a later date and time and at a place
announced at the meeting. Unless otherwise determined by the Chairman of the
meeting, meetings of stockholders shall not be required to be held in accordance
with the rules of parliamentary procedure.