POWER OF ATTORNEY

      The undersigned hereby constitutes and appoints each of Lagan Srivastava and
Thomas J. Fuccillo, signing singly, with full power of substitution and resubstitution,
the undersigned's true and lawful attorney-in-fact to:

      1.  execute for and on behalf of the undersigned, in the undersigned's capacity as
          a Section 16 reporting person of the applicable registered investment companies
          attached hereto as Schedule A, as amended from time to time, each, a Trust and,
          collectively, the Trusts, Form ID and Forms 3, 4, and 5 in accordance with
          Section 16 of the Securities Exchange Act of 1934 and the rules thereunder;

      2.  do and perform any and all acts for and on behalf of the undersigned which may
          be necessary or desirable to complete and execute any such Form 3, 4, or 5 and
          timely file such form with the United States Securities and Exchange Commission
          and any stock exchange or similar authority; and

      3.  take any other action of any type whatsoever in connection with the foregoing
          which, in the opinion of such attorney-in-fact, may be of benefit to, in the
          best interest of, or legally required by, the undersigned, it being understood
          that the documents executed by such attorney-in-fact on behalf of the
          undersigned pursuant to this Power of Attorney shall be in such form and shall
          contain such terms and conditions as such attorney-in-fact may approve in such
          attorney-in-fact's discretion.

     The undersigned hereby grants to each such attorney-in-fact full power and authority
to do and perform any and every act and thing whatsoever requisite, necessary, or proper
to be done in the exercise of any of the rights and powers herein granted, as fully to
all intents and purposes as the undersigned might or could do if personally present, with
full power of substitution and resubstitution or revocation, hereby ratifying and
confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or
substitutes, shall lawfully do or cause to be done by virtue of this Power of Attorney
and the rights and powers herein granted. The undersigned acknowledges that the foregoing
attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not
assuming, nor is any Trust assuming, any of the undersigned's responsibilities to comply
with Section 16 of the Securities Exchange Act of 1934.

      This Power of Attorney shall remain in full force and effect until the undersigned
is no longer required to file Forms 3, 4, and 5 with respect to the undersigned's
holdings of and transactions in securities issued by any Trust, unless earlier revoked by
the undersigned in a signed writing delivered to the foregoing attorneys-in-fact.

      IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as
of this 12th day of January, 2009.

/s/ Eric Lai

Eric Lai, Head of Finance Asia Pac.




                                    SCHEDULE A

1.    Korea Fund, KF