<PAGE> PAGE 1
000 A000000 12/31/96
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
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
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
012 A000001 STATE STREET BANK & TRUST COMPANY
012 B000001 85-5003
012 C010001 BOSTON
012 C020001 MA
012 C030001 02110
013 A000001 COOPERS & LYBRAND L.L.P.
013 B010001 BOSTON
013 B020001 MA
<PAGE> PAGE 2
013 B030001 02109
014 A000001 DAEWOO SECURITIES CO., INC.
014 B000001 8-00000000
014 A000002 SCUDDER INVESTOR SERVICES, INC.
014 B000002 8-298
015 A000001 BROWN BROTHERS HARRIMAN & CO.
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02109
015 E020001 X
018 000000 Y
019 A000000 N
019 B000000 0
020 A000001 DAEWOO SECURITIES
020 C000001 39
020 A000002 DAISHIN SECURITIES
020 C000002 39
020 A000003 HANNURI SALOMON SECURITIES
020 C000003 39
020 A000004 DONGWON SECURITIES
020 C000004 37
020 A000005 MSBC JAMES CAPEL
020 C000005 29
020 A000006 KOREA DEVELOPMENT
020 C000006 29
020 A000007 CREDIT LYONNAIS
020 C000007 17
020 A000008 LG SECURITIES
020 C000008 16
020 A000009 SSANG YONG INVESTMENT
020 C000009 8
020 A000010 SUNKYUNG SECURITIES
020 C000010 8
021 000000 284
022 A000001 HANNURI SALOMON
022 C000001 12901
022 D000001 0
022 A000002 DONGWON SECURITIES
022 C000002 11348
022 D000002 0
022 A000003 DAISHIN SECURITIES
022 C000003 5322
022 D000003 3232
022 A000004 DAEWOO SECURITIES
022 C000004 8439
022 D000004 0
022 A000005 MSBC JAMES CAPEL
022 C000005 6057
022 D000005 381
022 A000006 KOREA DEVELOPMENT
<PAGE> PAGE 3
022 C000006 5904
022 D000006 0
022 A000007 BZW SECURITIES
022 C000007 4657
022 D000007 0
022 A000008 CREDIT LYONNAIS
022 C000008 389
022 D000008 3492
022 A000009 LG SECURITIES
022 C000009 3242
022 D000009 0
022 A000010 SSANGYONG INVESTMENT
022 C000010 1668
022 D000010 141
023 C000000 64451
023 D000000 8968
024 000000 N
025 D000001 0
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 N
028 A010000 0
028 A020000 0
028 A030000 0
028 A040000 0
028 B010000 0
028 B020000 0
028 B030000 0
028 B040000 0
028 C010000 0
028 C020000 0
028 C030000 0
028 C040000 0
028 D010000 0
028 D020000 0
028 D030000 0
028 D040000 0
<PAGE> PAGE 4
028 E010000 0
028 E020000 0
028 E030000 0
028 E040000 0
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 0
028 G020000 0
028 G030000 0
028 G040000 0
028 H000000 0
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
071 A000000 81446
071 B000000 19897
071 C000000 558087
071 D000000 7
072 A000000 6
072 B000000 2543
072 C000000 118
072 D000000 0
072 E000000 0
072 F000000 3078
072 G000000 0
072 H000000 0
072 I000000 42
072 J000000 702
072 K000000 0
072 L000000 39
072 M000000 89
072 N000000 0
072 O000000 0
072 P000000 0
<PAGE> PAGE 5
072 Q000000 0
072 R000000 60
072 S000000 37
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 41
072 X000000 4088
072 Y000000 0
072 Z000000 -1427
072AA000000 0
072BB000000 6225
072CC010000 0
072CC020000 156255
072DD010000 0
072DD020000 0
072EE000000 22313
073 A010000 0.0000
073 A020000 0.0000
073 B000000 0.6000
073 C000000 0.0000
074 A000000 21733
074 B000000 1469
074 C000000 0
074 D000000 48242
074 E000000 20712
074 F000000 416914
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 0
074 K000000 0
074 L000000 1042
074 M000000 3
074 N000000 510115
074 O000000 0
074 P000000 495
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 477
074 S000000 0
074 T000000 509143
074 U010000 37571
074 U020000 0
074 V010000 13.55
074 V020000 0.00
074 W000000 0.0000
074 X000000 1429
074 Y000000 0
<PAGE> PAGE 6
075 A000000 0
075 B000000 614530
076 000000 13.56
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
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 382
086 A020000 6675
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
SIGNATURE THOMAS F. MCDONOUGH
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
Korea Fund Semiannual Report for the period ended December 31, 1996 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 0
<NAME> SCUDDER KOREA FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1997
<PERIOD-START> JUL-01-1996
<PERIOD-END> DEC-31-1996
<INVESTMENTS-AT-COST> 383,112,719
<INVESTMENTS-AT-VALUE> 487,337,611
<RECEIVABLES> 1,041,520
<ASSETS-OTHER> 21,736,247
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 510,115,378
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 972,485
<TOTAL-LIABILITIES> 972,485
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 413,736,544
<SHARES-COMMON-STOCK> 37,570,917
<SHARES-COMMON-PRIOR> 37,188,528
<ACCUMULATED-NII-CURRENT> (1,427,032)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (7,050,450)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 103,883,831
<NET-ASSETS> 509,142,893
<DIVIDEND-INCOME> 117,777
<INTEREST-INCOME> 2,543,583
<OTHER-INCOME> 0
<EXPENSES-NET> 4,088,392
<NET-INVESTMENT-INCOME> (1,427,032)
<REALIZED-GAINS-CURRENT> (6,225,451)
<APPREC-INCREASE-CURRENT> (156,254,653)
<NET-CHANGE-FROM-OPS> (163,907,136)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (22,312,637)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 382,389
<NET-CHANGE-IN-ASSETS> (179,544,693)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 21,487,638
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,077,808
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,088,392
<AVERAGE-NET-ASSETS> 614,529,702
<PER-SHARE-NAV-BEGIN> 18.52
<PER-SHARE-NII> (.04)
<PER-SHARE-GAIN-APPREC> (4.34)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.60)
<RETURNS-OF-CAPITAL> .01
<PER-SHARE-NAV-END> 13.55
<EXPENSE-RATIO> 1.32
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
