UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 4)
The Korea Fund, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
500634100
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(CUSIP Number)
Michael Pradko
Harvard Management Company, Inc.
600 Atlantic Avenue
Boston, Massachusetts 02210
(617) 523-4400
with a copy to:
Theodore Altman, Esq.
Piper Rudnick LLP
1251 Avenue of the Americas
New York, New York 10020-1104
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 10, 2004
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(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. [ ]
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CUSIP No. 500634100 SCHEDULE 13D AMENDMENT NO. 4 Page 2 of 4 Pages
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1 NAMES OF REPORTING PERSONS. I.R.S. IDENTIFICATION NUMBERS
President and Fellows of Harvard College
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) |_|
(b) |_|
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
WC
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS
2(d) or 2(e) |_|
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
Massachusetts
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NUMBER OF SHARES 7 SOLE VOTING POWER
BENEFICIALLY
9,924,971
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OWNED BY EACH 8 SHARED VOTING POWER
REPORTING PERSON
WITH 0
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9 SOLE DISPOSITIVE POWER
9,924,971
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10 SHARED DISPOSITIVE POWER
0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,924,971
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |_|
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.2%
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14 TYPE OF REPORTING PERSON
EP
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This fourth amendment (the "Fourth Amendment") amends and supplements
the statement on Schedule 13D, as amended by Amendments No. 1, No. 2 and No. 3
(the "Schedule"), previously filed with the Securities and Exchange Commission
on December 15, 2003 by the President and Fellows of Harvard College
("Harvard"), with respect to the common stock, par value $0.01 per share (the
"Common Stock"), of The Korea Fund, Inc., a Maryland corporation (the "Issuer").
ITEM 4. PURPOSE OF TRANSACTION
Harvard has submitted a shareholder proposal (the "Shareholder
Proposal") providing that the investment management agreement, between the Fund
and Deutsche Investment Management Americas Inc. ("DIM"), as currently in effect
on the date hereof (the "Management Agreement"), be terminated immediately. Upon
the termination of the Management Agreement, DIM's research and advisory
agreement with its subadvisor, Deutsche Investments Trust Management Company
Limited, shall automatically terminate in accordance with its terms.
Accompanying the Shareholder Proposal is a statement (the "Statement") by
Harvard setting forth its reasons for making the Shareholder Proposal.
ITEM 7. MATERIALS TO BE FILED AS EXHIBITS
The following document is filed as an Exhibit to this Fourth Amendment:
EXHIBIT A: Shareholder Proposal and Statement.
SIGNATURES
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.
Dated: May 10, 2004 PRESIDENT AND FELLOWS OF HARVARD
COLLEGE
By: /s/ MICHAEL S. PRADKO
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Name: Michael S. Pradko
Title: Authorized Signatory