40-17G

November 24, 2010

Securities and Exchange Commission
Office of Applications and Report Services
100 F Street, N.E.
Washington, D.C. 20549

Re: Amended Insured Fidelity Bond of The Korea Fund, inc. (File No. 811-04058)

Ladies and Gentlemen:

Enclosed for filing on behalf of the above-referenced registered management investment company (the “Fund”) pursuant to Rule 17g-1 of the Investment Company Act of 1940, as amended, are the following documents:

(i)	A copy of the Amended Fidelity Bond Binder (the “Bond”), effective November 1, 2010, issued by Great American Insurance Company, increasing the coverage of the primary policy from $750,000 to $900,000, insuring the Fund is attached under Exhibit 1;
(ii)	A copy of the resolutions of the Directors of the Fund, including a majority of the Directors of the Fund who are not “interested persons” of the Fund, ratifying the amount, type, form and coverage of the Bond and the premium to be paid by the Fund, is attached under Exhibit 2.

The Fund is maintaining a single insured bond in the amount of $900,000, which is sufficient coverage for its gross assets of $503,443,690 as of November 1, 2010 and as required under paragraph (d) of Rule 17g-1.

Premium for the amended Bond will be paid from November 1, 2010 through the period ending April 30, 2011 promptly when billed.

If there are any questions regarding this filing, please contact the undersigned, at (212) 739-3222.

Very truly yours,

Thomas J. Fuccillo
Secretary and Chief Legal Officer

Allianz Global Investors of America L.P.
1345 Avenue of the Americas
New York, NY 10105
212.739.3000

EX-99.1

INVESTMENT COMPANY BOND

GREAT AMERICAN INSURANCE COMPANY

(A Stock Insurance Company, Herein Called the Underwriter)

DECLARATIONS		Bond No. 234-63-67 - 01
Item 1.	Name of Insured (herein called Insured):	The Korea Fund, Inc.
	Principal Address:	1345 Avenue of the Americas
		New York, NY 10105
Item 2.	Bond Period from 12:01 a.m. 11/01/2010 to 12:01 a.m. 04/30/2011 the effective date of the termination or cancellation of this bond, standard time at the Principal Address as to each of said dates.
Item 3.	Limit of Liability — Subject to Sections 9, 10 and 12 hereof,
	Amount applicable to

	Limit of Liability		Deductible
Insuring Agreement (A)-FIDELITY	$	900,000	$	0
Insuring Agreement (B)-ON PREMISES	$	900,000	$	10,000
Insuring Agreement (C)-IN TRANSIT	$	900,000	$	10,000
Insuring Agreement (D)-FORGERY OR ALTERATION	$	900,000	$	10,000
Insuring Agreement (E)-SECURITIES	$	900,000	$	10,000
Insuring Agreement (F)-COUNTERFEIT CURRENCY	$	900,000	$	10,000
Insuring Agreement (G)-STOP PAYMENT	$	100,000	$	5,000
Insuring Agreement (H)-UNCOLLECTIBLE ITEMS OF DEPOSIT	$	100,000	$	5,000
Insuring Agreement (I)-AUDIT EXPENSE	$	100,000	$	5,000
Insuring Agreement (J)-TELEFACSIMILE TRANSMISSIONS	$	900,000	$	10,000
Insuring Agreement (K)-UNAUTHORIZED SIGNATURES	$	100,000	$	5,000
Optional Insuring Agreements and Coverages
Insuring Agreement (L)-COMPUTER SYSTEMS	$	900,000	$	10,000
Insuring Agreement (M)-AUTOMATED PHONE SYSTEMS	Not Covered			N/A

	If “Not Covered” is inserted above opposite any specified Insuring Agreement or Coverage, such Insuring Agreement or Coverage and any other reference thereto in this bond shall be deemed to be deleted therefrom.
Item 4.	Offices or Premises Covered-Offices acquired or established subsequent to the effective date of this bond are covered according to the terms of General Agreement A. All the Insured’s offices or premises in existence at the time this bond becomes effective are covered under this bond except the offices or premises located as follows: N/A
Item 5.	The liability of the Underwriter is subject to the terms of the following riders attached hereto: Riders No. 1
Item 6.	The Insured by the acceptance of this bond gives to the Underwriter terminating or cancelling prior bond(s) or policy(ies) No.(s) 234-63-67 - 00 such termination or cancellation to be effective as of the time this bond becomes effective.

By:
	(Authorized Representative)

Page 1

EX-99.2

Certificate of Secretary

THE KOREA FUND, INC.
(the “Fund”)

Regarding Fidelity Bond

     The undersigned, being the duly elected, qualified and acting Secretary of The Korea Fund, Inc., a Maryland corporation (the “Fund”), hereby certifies that attached hereto is a true and complete copy of resolutions that were approved in substantially the form attached hereto by the Board of Directors of the Fund at a meeting held on October 26, 2010, at which a quorum was present and voted in favor thereof, and that said resolutions have not been revoked or amended and are now in full force and effect.

     IN WITNESS WHEREOF, the undersigned has executed this certificate as Secretary of The Korea Fund, Inc. on this 24^th day of November, 2010.

Thomas J. Fuccillo

Secretary

THE KOREA FUND, INC.
(the “Fund”)

Minutes of the Meeting of the Board of Directors held on October 26, 2010

Approval of Amended Fidelity Bond Coverage

RESOLVED, that after considering all relevant factors, including but not limited to the Fund’s aggregate assets to which persons covered by the bond have access, the type and terms of arrangements made for custody and safekeeping of assets, and the nature of the securities held by the Fund, an amendment to the Registered Management Investment Company Bond, issued by Great American Insurance Company, covering larceny, embezzlement and certain other acts, to increase the limit of liability for the period ending April 30, 2011 to $900,000, for an additional annual premium of $344, to be pro-rated based on the date the limit of liability is actually increased, be, and it hereby is, approved.

RESOLVED, that pursuant to Rule 17g-1 under the Investment Company Act of 1940, as amended, Brian S. Shlissel, Treasurer, Principal Financial and Accounting Officer; Lawrence G. Altadonna, Assistant Treasurer; Thomas J. Fuccillo, Secretary and Chief Legal Officer; and Lagan Srivastava, Assistant Secretary, are each hereby designated as an agent for the Fund to cause the filings and the notices required by subparagraph (g) of said Rule to be made and given.

RESOLVED, that the officers of the Fund, or any of them, are authorized to make any and all payments and to do any and all other acts in the name of the Fund and on its behalf and they, or any of them, may determine to be necessary or appropriate in connection with or in furtherance of the foregoing resolutions, the necessity or propriety thereof being conclusively proven by the making or doing thereof.