SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   -----------

                                  SCHEDULE 13G
                                 (Rule 13d-102)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
          TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
                            PURSUANT TO RULE 13d-2(b)

                              (Amendment No. 3)/1/

                                Korea Fund, Inc.
  -----------------------------------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
  -----------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    500634100
  -----------------------------------------------------------------------------
                                 (CUSIP Number)

                                December 31, 2001
  -----------------------------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

     [X]  Rule 13d-1(b)
     [ ]  Rule 13d-1(c)
     [ ]  Rule 13d-1(d)



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         /1/The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.

         The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).



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CUSIP No. 500634100                  13G                       Page 2 of 4 Pages
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1.   NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

          President and Fellows of Harvard College
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                                                                  (a)      [ ]
2.   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                  (b)      [ ]
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3.   SEC USE ONLY

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4.   CITIZENSHIP OR PLACE OF ORGANIZATION

          Massachusetts
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                      5.   SOLE VOTING POWER

                                3,489,401 shares
                 ---------------------------------------------------------------
     NUMBER OF        6.   SHARED VOTING POWER
      SHARES
   BENEFICIALLY                 ----
     OWNED BY    ---------------------------------------------------------------
       EACH           7.   SOLE DISPOSITIVE POWER
     REPORTING
      PERSON                    3,489,401 shares
       WITH      ---------------------------------------------------------------
                      8.   SHARED DISPOSITIVE POWER

                                ----
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9.   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          3,489,401 shares
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10.  CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9)
     EXCLUDES CERTAIN SHARES*                                              [ ]
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11.  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

          7.0%
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12.  TYPE OF REPORTING PERSON*

          EP
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                      *SEE INSTRUCTIONS BEFORE FILLING OUT!





                                  SCHEDULE 13G

Item  1(a)      Name of Issuer:
                          Korea Fund, Inc.

      1(b)      Address of Issuer's Principal Executive Offices:
                          c/o Scudder Stevens & Clark Inc.
                          345 Park Avenue
                          New York, New York  10154

Item  2(a)      Name of Person Filing:
                          President and Fellows of Harvard College

      2(b)      Address of Principal Business Office or, if none, Residence:
                          c/o Harvard Management Company, Inc.
                          600 Atlantic Avenue
                          Boston, MA  02210

      2(c)      Citizenship:
                          Massachusetts

      2(d)      Title of Class of Securities:
                          Common Stock

      2(e)      CUSIP Number:
                          500634100

Item  3         The reporting person is an employee benefit plan or endowment
                fund in accordance with Rule 13d-1(b)(1)(ii)(F).

Item  4         Ownership:

      4(a)      Amount beneficially owned:
                          3,489,401 shares

      4(b)      Percent of Class:
                          7.0%

      4(c)      Number of shares as to which such person has:

                (i)       sole power to vote or to direct the vote:
                            3,489,401 shares

                (ii)      shared power to vote or to direct the vote:
                            ---------



                               Page 3 of 4 Pages



                (iii)   sole power to dispose or to direct the disposition of:
                            3,489,401 shares

                (iv)    shared power to dispose or to direct the disposition of:
                            --------

Item  5         Ownership of Five Percent or Less of a Class:
                        Not Applicable.

Item  6         Ownership of More than Five Percent on Behalf of Another Person:
                        Not Applicable.

Item  7         Identification and Classification of the Subsidiary which
                Acquired the Security Being Reported on by the Parent
                Holding Company:
                        Not Applicable.

Item  8         Identification and Classification of Members of the Group:
                        Not Applicable.

Item  9         Notice of Dissolution of Group:
                        Not Applicable.

Item 10  Certification:

                By signing below the undersigned certifies that, to the best
                of its knowledge and belief, the securities referred to above
                were acquired and are held in the ordinary course of business
                and were not acquired and are not held for the purpose of or
                with the effect of changing or influencing the control of the
                issuer of the securities and were not acquired and are not
                held in connection with or as a participant in any transaction
                having that purpose or effect.

After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.

                                        PRESIDENT AND FELLOWS OF
                                        HARVARD COLLEGE

                                        By: /s/ Michael S. Pradko
                                            -----------------------
                                        Name:  Michael S. Pradko
                                        Title: Authorized Signatory

February 14, 2002

                                Page 4 of 4 Pages