SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   -----------

                                  SCHEDULE 13G
                                 (Rule 13d-102)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
          TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED
                            PURSUANT TO RULE 13d-2(b)

                              (Amendment No. 5)/1/

                              The Korea Fund, Inc.
             ------------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
             ------------------------------------------------------
                         (Title of Class of Securities)

                                    500634100
             ------------------------------------------------------
                                 (CUSIP Number)

                                December 31, 2002
             ------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)

     Check the appropriate box to designate the rule pursuant to which this
     Schedule is filed:

       [x] Rule 13d-1(b)
       [_] Rule 13d-1(c)
       [_] Rule 13d-1(d)


________________________
         /1/ The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.

         The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).



---------------------                                        -------------------
 CUSIP No. 500634100                     13G                  Page 2 of 3 Pages
---------------------                                        -------------------

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1.       NAME OF REPORTING PERSON
         S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

                 President and Fellows of Harvard College
--------------------------------------------------------------------------------
                                                                 (a)    [_]
2.       CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*

                                                                 (b)    [_]
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3.       SEC USE ONLY

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4.       CITIZENSHIP OR PLACE OF ORGANIZATION

                 Massachusetts
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                               5.     SOLE VOTING POWER
                                            8,382,401 shares
          NUMBER OF            -------------------------------------------------
           SHARES              6.     SHARED VOTING POWER
        BENEFICIALLY                        ----
          OWNED BY             -------------------------------------------------
            EACH               7.     SOLE DISPOSITIVE POWER
          REPORTING                         8,382,401 shares
           PERSON              -------------------------------------------------
            WITH               8.     SHARED DISPOSITIVE POWER
                                            ----
--------------------------------------------------------------------------------
9.       AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
                    8,382,401 shares
--------------------------------------------------------------------------------
10.      CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
         CERTAIN SHARES*
--------------------------------------------------------------------------------
11.      PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)              [_]
                     16.8%
--------------------------------------------------------------------------------
12.      TYPE OF REPORTING PERSON*
                      EP
--------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!



                                  SCHEDULE 13G

Item 1(a)        Name of Issuer:
                       The Korea Fund, Inc.

         1(b)    Address of Issuer's Principal Executive Offices:
                       345 Park Avenue
                       New York, New York 10154

Item 2(a)        Name of Person Filing:
                       President and Fellows of Harvard College

         2(b)    Address of Principal Business Office or, if none, Residence:
                       c/o Harvard Management Company, Inc.
                       600 Atlantic Avenue
                       Boston, MA 02210

         2(c)    Citizenship:
                       Massachusetts

         2(d)    Title of Class of Securities:
                       Common Stock

         2(e)    CUSIP Number:
                       500634100

Item 3           The reporting person is an employee benefit plan or endowment
                 fund in accordance with Rule 13d-1(b)(1)(ii)(F).

Item 4           Ownership:

         4(a)    Amount beneficially owned:
                       8,382,401 shares

         4(b)    Percent of Class:
                       16.8%

         4(c)    Number of shares as to which such person has:

              (i)   sole power to vote or to direct the vote:
                       8,382,401 shares

              (ii)  shared power to vote or to direct the vote:
                                 _______________

              (iii) sole power to dispose or to direct the disposition of:

                                Page 3 of 4 Pages



                    8,382,401 shares

          (iv)  shared power to dispose or to direct the disposition of:
                                 ______________

Item 5       Ownership of Five Percent or Less of a Class:
                    Not Applicable.

Item 6       Ownership of More than Five Percent on Behalf of Another Person:
                    Not Applicable.

Item 7       Identification and Classification of the Subsidiary which Acquired
             the Security Being Reported on by the Parent Holding Company:
                    Not Applicable.

Item 8       Identification and Classification of Members of the Group:
                    Not Applicable.

Item 9       Notice of Dissolution of Group:
                    Not Applicable.

Item 10      Certification:

             By signing below the undersigned certifies that, to the best of its
             knowledge and belief, the securities referred to above were
             acquired and are held in the ordinary course of business and were
             not acquired and are not held for the purpose of or with the effect
             of changing or influencing the control of the issuer of the
             securities and were not acquired and are not held in connection
             with or as a participant in any transaction having that purpose or
             effect.

After reasonable inquiry and to the best of its knowledge and belief, the
undersigned certifies that the information set forth in this statement is true,
complete and correct.

                                          PRESIDENT AND FELLOWS OF
                                          HARVARD COLLEGE

                                          By: /s/ Michael S. Pradko
                                              -------------------------------
                                              Name:  Michael S. Pradko
                                              Title: Authorized Signatory

February 12, 2003

                               Page 4 of 4 Pages