<PAGE> PAGE 1
000 A000000 12/31/95
000 C000000 748691
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 THE KOREA FUND, INC.
001 B000000 811-4058
001 C000000 6172952567
002 A000000 345 PARK AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10154
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
008 A000001 SCUDDER, STEVENS & CLARK, INC.
008 B000001 A
008 C000001 801-252
008 D010001 NEW YORK
008 D020001 NY
008 D030001 10154
008 A000002 DAEWOO CAPITAL MANAGEMENT CO., LTD.
008 B000002 S
008 C000002 801-21658
008 D010002 SEOUL
008 D050002 S. KOREA
020 A000001 FIRST SECS
020 C000001 251
020 A000002 DAEWOO SECURITIES
020 C000002 84
020 A000003 SSANGYONG
020 C000003 77
020 A000004 TONGYANG SECS
020 C000004 63
020 A000005 DONGSUH SECURITIES
020 C000005 53
020 A000006 PEREGRINE
020 C000006 42
020 A000007 BZW SECURITIES
020 C000007 39
020 A000008 JAMES CAPEL
020 C000008 39
020 A000009 KOREA DEV SECS
020 C000009 33
<PAGE> PAGE 2
020 A000010 LUCKY SECS
020 C000010 18
021 000000 756
022 A000001 FIRST SECS
022 C000001 232222
022 D000001 5815
022 A000002 SSANGYONG
022 C000002 21517
022 D000002 0
022 A000003 DAEWOO SECURITIES
022 C000003 16552
022 D000003 2610
022 A000004 TONGYANG SECS
022 C000004 12941
022 D000004 1828
022 A000005 DONGSUH SECURITIES
022 C000005 12075
022 D000005 0
022 A000006 PEREGRINE
022 C000006 9832
022 D000006 0
022 A000007 B.Z.W. SECURITIES
022 C000007 7058
022 D000007 1422
022 A000008 JAMES CAPEL
022 C000008 6177
022 D000008 2219
022 A000009 KOREA DEV. SECS
022 C000009 1954
022 D000009 5700
022 A000010 LUCKY SECS
022 C000010 3915
022 D000010 0
023 C000000 336297
023 D000000 22299
024 000000 N
045 000000 Y
046 000000 Y
047 000000 Y
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048 A020000 1.150
048 B010000 50000
048 B020000 1.100
048 C010000 250000
048 C020000 1.000
048 D010000 400000
048 D020000 0.950
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048 E020000 0.000
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<PAGE> PAGE 3
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
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048 K020000 0.900
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070 A010000 Y
070 A020000 Y
070 B010000 Y
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070 D010000 Y
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 Y
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070 G010000 Y
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
<PAGE> PAGE 4
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 111427
071 B000000 22864
071 C000000 689683
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072 A000000 6
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072 V000000 0
072 W000000 54
072 X000000 4916
072 Y000000 0
072 Z000000 -801
072AA000000 8580
072BB000000 0
<PAGE> PAGE 5
072CC010000 12819
072CC020000 0
072DD010000 2228
072DD020000 0
072EE000000 13232
073 A010000 0.0600
073 A020000 0.0000
073 B000000 0.3600
073 C000000 0.0000
074 A000000 14140
074 B000000 3309
074 C000000 25322
074 D000000 44679
074 E000000 33437
074 F000000 630896
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 951
074 M000000 4
074 N000000 752738
074 O000000 1692
074 P000000 640
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 6395
074 S000000 0
074 T000000 744011
074 U010000 37128
074 U020000 0
074 V010000 20.04
074 V020000 0.00
074 W000000 0.0000
074 X000000 0
074 Y000000 0
075 A000000 0
075 B000000 761935
076 000000 22.00
077 A000000 Y
077 B000000 N
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077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
<PAGE> PAGE 6
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 Y
078 000000 N
086 A010000 197
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
087 A010000 COMMON STOCK
087 A020000 500634-100
087 A030000 KF
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE THOMAS F. MCDONOUGH
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from The Korea
Fund, Inc. Semiannual Report for the period ended December 31, 1995 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1996
<PERIOD-START> JUL-01-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> $402,447,149
<INVESTMENTS-AT-VALUE> $737,643,486
<RECEIVABLES> $950,871
<ASSETS-OTHER> $14,143,862
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> $752,738,219
<PAYABLE-FOR-SECURITIES> $1,692,257
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> $7,035,005
<TOTAL-LIABILITIES> $8,727,262
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> $405,468,961
<SHARES-COMMON-STOCK> 37,127,672
<SHARES-COMMON-PRIOR> 36,930,508
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> $(3,028,676)
<ACCUMULATED-NET-GAINS> $6,401,728
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> $335,168,944
<NET-ASSETS> $744,010,957
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> $4,114,559
<OTHER-INCOME> 0
<EXPENSES-NET> $4,915,575
<NET-INVESTMENT-INCOME> $(801,016)
<REALIZED-GAINS-CURRENT> $8,580,121
<APPREC-INCREASE-CURRENT> $12,819,279
<NET-CHANGE-FROM-OPS> $20,598,384
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> $(2,227,660)
<DISTRIBUTIONS-OF-GAINS> $(13,231,772)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 197,164
<NET-CHANGE-IN-ASSETS> $9,464,222
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> $11,053,379
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> $3,809,107
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> $4,915,575
<AVERAGE-NET-ASSETS> $761,934,656
<PER-SHARE-NAV-BEGIN> $19.89
<PER-SHARE-NII> $(0.02)
<PER-SHARE-GAIN-APPREC> $0.59
<PER-SHARE-DIVIDEND> $(0.06)
<PER-SHARE-DISTRIBUTIONS> $(0.36)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> $20.04
<EXPENSE-RATIO> 1.28
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
