| Korea Equity Fund, Inc. operates as a nondiversified, closed-end investment management company, investing primarily in South Korean equities. Its portfolio of investments comprises consumer electronics, services, banking and financial services, food and beverages, automotive equipment and parts, electrical, machinery, manufacturing, airlines, telecommunications, utilities, iron and steel, retail, and chemicals and pharmaceuticals sectors. Nomura Asset Management Co., Ltd. acts as the investment adviser of the fund. Korea Equity Fund was incorporated in Maryland in 1993 and is based in New York City, New York. |