KOREA EQUITY FUND INC
NSAR-B, EX-27, 2000-11-17
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<TABLE> <S> <C>

<ARTICLE> 6

<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-2000
<PERIOD-END>                               OCT-31-2000
<INVESTMENTS-AT-COST>                         34610921
<INVESTMENTS-AT-VALUE>                        30259979
<RECEIVABLES>                                  1649689
<ASSETS-OTHER>                                   62422
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                31972090
<PAYABLE-FOR-SECURITIES>                       2231946
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       161645
<TOTAL-LIABILITIES>                            2393591
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                      89358028
<SHARES-COMMON-STOCK>                           840900
<SHARES-COMMON-PRIOR>                           840900
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                    (56269486)
<ACCUM-APPREC-OR-DEPREC>                     (4350943)
<NET-ASSETS>                                  29578499
<DIVIDEND-INCOME>                               632627
<INTEREST-INCOME>                                91592
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                  998533
<NET-INVESTMENT-INCOME>                       (274314)
<REALIZED-GAINS-CURRENT>                     (7175449)
<APPREC-INCREASE-CURRENT>                   (10317156)
<NET-CHANGE-FROM-OPS>                       (17766919)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      (17766919)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                    49134679
<GROSS-ADVISORY-FEES>                           511651
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                 998533
<AVERAGE-NET-ASSETS>                          45453338
<PER-SHARE-NAV-BEGIN>                             5.63
<PER-SHARE-NII>                                 (0.03)
<PER-SHARE-GAIN-APPREC>                         (2.08)
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               3.52
<EXPENSE-RATIO>                                   2.20


</TABLE>


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