The Korea Fund, Inc. Reports Earnings Results for the Half Year Ended December 31, 2021
March 02, 2022 at 12:10 pm
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The Korea Fund, Inc. reported earnings results for the half year ended December 31, 2021. For the half year, the company reported revenue was USD 3.63 million. Net loss was USD 29.24 million.
The Korea Fund, Inc. (the Fund) is a closed-end, non-diversified management investment company. The Fund's investment objective is to seek long-term capital appreciation through investment in securities, primarily equity securities, of Korean companies. The Fund Primarily invests in equity securities listed on the Korea Stock Exchange. The Fund directly invests in foreign currencies or in securities that trade in, and receive revenues in, foreign currencies, or in derivatives that provide exposure to foreign currencies. It invests in various sectors, including automobile components, biotechnology, chemicals, construction & engineering, consumer staples distribution & retail, electronic equipment, instruments & components, entertainment, food products, industrial conglomerates, interactive media & services, marine transportation, oil, gas & consumable fuels, semiconductors & semiconductors equipment, and others. Its investment adviser is JPMorgan Asset Management (Asia Pacific) Limited.