The Korea Fund, Inc. Names Chung Jun as Portfolio Manager
March 02, 2020 at 04:39 pm EST
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Allianz Global Investors U.S. LLC, the investment manager of The Korea Fund, Inc. (the Fund) announced that Chung Jun (CJ) Yun has been named as a portfolio manager of the Fund, effective March 1, 2020. Chris Leung, CFA, will remain the lead portfolio manager of the Fund. Raymond Chan will no longer be a listed portfolio manager of the Fund but will remain as CIO, Equity Asia Pacific with Allianz Global Investors. Mr. Yun is a Hong Kong based portfolio manager at Allianz Global Investors with over 14 years of industry experience and joined the firm in 2016. Mr. Yun is responsible for research in Korean companies, supporting both the Korean country fund and regional Asian equity portfolios.
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.
THE KOREA FUND, INC. 
