MATTHEWS KOREA FUND (Second Prospectus Summary) | MATTHEWS KOREA FUND

Matthews Korea Fund

Investment Objective

Long-term capital appreciation

Fees and Expenses of the Fund

This table describes the fees and expenses that you may pay if you buy and hold
shares of this Fund.

SHAREHOLDER FEES (fees paid directly from your investment)

Shareholder Fees	MATTHEWS KOREA FUND Institutional Class Shares
Redemption Fee (as a percentage of amount redeemed on shares held fewer than 90 days)	2.00%

ANNUAL OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses	MATTHEWS KOREA FUND Institutional Class Shares
Management Fees	0.67%
Distribution (12b-1) Fees	none
Administration and Shareholder Servicing Fees	0.15%
Other Expenses	0.40%
Total Annual Fund Operating Expenses	1.07%

EXAMPLE OF FUND EXPENSES

This example is intended to help you compare the cost of investing in the Fund
with the cost of investing in other mutual funds. The example assumes that you
invest $10,000 in the Fund for the time periods indicated and then redeem all of
your shares at the end of those periods. The example also assumes that your
investment has a 5% return each year and that the Fund's operating expenses
remain the same. Although your actual costs may be higher or lower, based on
these assumptions your costs would be:

Expense Example (USD $)	Expense Example, With Redemption, 1 Year	Expense Example, With Redemption, 3 Years	Expense Example, With Redemption, 5 Years	Expense Example, With Redemption, 10 Years
MATTHEWS KOREA FUND Institutional Class Shares	109	340	590	1,306

PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells
securities (or "turns over" its portfolio). A higher portfolio turnover may
indicate higher transaction costs and may result in higher taxes when Fund
shares are held in a taxable account. These costs, which are not reflected in
annual fund operating expenses or in the example of fund expenses, affect the
Fund's performance. During the most recent fiscal year, the Fund's portfolio
turnover rate was 30% of the average value of its portfolio.

Principal Investment Strategy

Under normal market conditions, the Matthews Korea Fund seeks to achieve its
investment objective by investing at least 80% of its total net assets, which
include borrowings for investment purposes, in the common and preferred stocks
of companies located in South Korea. A company is considered to be "located" in
a country if it (i) is organized under the laws of that country; (ii) derives at
least 50% of its revenues or profits from goods produced or sold, investments
made, services performed, or has at least 50% of its assets located within that
country; (iii) has the primary trading markets for its securities in that
country; or (iv) is a governmental entity or an agency, instrumentality or a
political subdivision of that country. The Fund seeks to invest in companies
capable of sustainable growth based on the fundamental characteristics of those
companies, including balance sheet information; number of employees; size and
stability of cash flow; management's depth, adaptability and integrity; product
lines; marketing strategies; corporate governance; and financial health.

Principal Risks of Investment

Political, Social and Economic Risks: The value of the Fund's assets may be
adversely affected by political, economic, social and religious instability;
inadequate investor protection; changes in laws or regulations of countries
within the Asian region (including countries in which the Fund invests, as well
as the broader region); international relations with other nations; natural
disasters; corruption and military activity. The Asian region, and particularly
China, Japan and South Korea, may be adversely affected by political, military,
economic and other factors related to North Korea. In addition, China's
long-running conflict over Taiwan, border disputes with many of its neighbors
and historically strained relations with Japan could adversely impact economies
in the region. The economies of many Asian countries differ from the economies
of more developed countries in many respects, such as rate of growth, inflation,
capital reinvestment, resource self-sufficiency, financial system stability, the
national balance of payments position and sensitivity to changes in global
trade. Certain Asian countries are highly dependent upon and may be affected by
developments in the United States, Europe and other Asian economies.
  
Currency Risks: When the Fund conducts securities transactions in a foreign
currency, there is the risk of the value of the foreign currency increasing or
decreasing against the value of the U.S. dollar. The value of an investment
denominated in a foreign currency will decline in dollar terms if that currency
weakens against the dollar. While the Fund is permitted to hedge currency risks,
Matthews does not anticipate doing so at this time. Additionally, South Korea
may utilize formal or informal currency-exchange controls or "capital controls."
Capital controls may impose restrictions on the Fund's ability to repatriate
investments or income. Such controls may also affect the value of the Fund's
holdings.

Risks Associated with Emerging and Frontier Markets: Many Asian countries are
considered emerging or frontier markets. Such markets are often less stable
politically and economically than developed markets such as the United States,
and investing in these markets involves different and greater risks. There may
be less publicly available information about companies in emerging and frontier
markets. Their stock exchanges and brokerage industries typically do not have
the level of government oversight as do those in the United States. Securities
markets of such countries are substantially smaller, less liquid and more
volatile than securities markets in the United States.
  
Trading Markets and Depositary Receipts: Asian securities may trade in the form
of depositary receipts, including American, European and Global Depositary
Receipts. Although depositary receipts have risks similar to the securities that
they represent, they may also involve higher expenses and may trade at a
discount (or premium) to the underlying security. In addition, depositary
receipts may not pass through voting and other shareholder rights, and may be
less liquid than the underlying securities listed on an exchange.
  
Volatility: The smaller size and lower levels of liquidity in emerging markets,
as well as other factors, may result in changes in the prices of Asian
securities that are more volatile than those of companies in more developed
regions. This volatility can cause the price of the Fund's shares (NAV) to go up
or down dramatically. Because of this volatility, it is recommended that you
invest in the Fund only for the long term (at least five years).
  
Non-diversified: The Fund is a "non-diversified" investment company, which means
that it may invest a larger portion of its assets in the securities of a single
issuer compared with a diversified fund. An investment in the Fund therefore
will entail greater risk than an investment in a diversified fund.
  
Risks associated with South Korea: Investing in South Korean securities has
special risks, including political, economic and social instability, and the
potential for increasing militarization in North Korea. The market
capitalization and trading volume of issuers in South Korean securities markets
are concentrated in a small number of issuers, which results in potentially
fewer investment opportunities for the Funds. South Korea's financial sector has
shown certain signs of systemic weakness and illiquidity, which, if exacerbated,
could prove to be a material risk for any investments in South Korea. South
Korea is dependent on foreign sources for its energy needs. A significant
increase in energy prices could have an adverse impact on South Korea's economy.
  
The South Korean government has historically exercised and continues to exercise
substantial influence over many aspects of the private sector. The South Korean
government from time to time has informally influenced the prices of certain
products, encouraged companies to invest or to concentrate in particular
industries and induced mergers between companies in industries experiencing
excess capacity.

Past Performance

The bar chart below shows the Fund's performance for the first complete calendar
year of operations. Also shown are the best and worst quarters for this time
period. The table below shows the Fund's performance over certain periods of
time, along with performance of its benchmark index. The index performance does
not take into consideration fees, expenses or taxes. The information presented
below is past performance, before and after taxes, and is not a prediction of
future results. Both the bar chart and performance table assume reinvestment of
all dividends and distributions. For the Fund's most recent month-end
performance, please visit matthewsasia.com or call 800.789.2742.

The bar chart below shows the Fund's performance for the first complete calendar
year of operations.

ANNUAL RETURN FOR YEAR ENDED 12/31

Best Quarter
Q4 2011
8.77%

Worst Quarter
Q3 2011
-20.43

AVERAGE ANNUAL TOTAL RETURNS FOR PERIODS ENDED DECEMBER 31, 2011

Average Annual Total Returns MATTHEWS KOREA FUND	Average Annual Returns, Label		Average Annual Returns, 1 Year	Average Annual Returns, Since Inception	Average Annual Returns, Inception Date	Average Annual Returns, Since Inception Secondary	Average Annual Returns, Inception Date Secondary
Institutional Class Shares	Matthews Korea Fund Return before taxes		(6.05%)	1.66%	Oct. 29, 2010
Institutional Class Shares After Taxes on Distributions	Matthews Korea Fund Return after taxes on distributions	[1]	(6.51%)	0.96%	Oct. 29, 2010
Institutional Class Shares After Taxes on Distributions and Sales	Matthews Korea Fund Return after taxes on distributions and sale of Fund shares	[1]	(2.86%)	1.62%	Oct. 29, 2010
Korea Composite Stock Price Index	Korea Composite Stock Price Index		(13.01%)			(4.02%)	Oct. 29, 2010

[1] After-tax returns are calculated using the highest historical individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.