- Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company (N-Q)
20 Settembre 2012 - 8:18PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number:
811-8002
KOREA EQUITY FUND, INC.
(Exact name of registrant as specified in charter)
Two World Financial Center
Building B, 18th Floor
New York, New York 10281-1712
(Address of principal executive offices)
Mr. Masashi Terachi
Korea Equity Fund, Inc.
Two World Financial Center
Building B, 18th Floor
New York, New York 10281-1712
(Name and address of agent for service)
Registrant’s telephone number, including area code:
(800) 833-0018
Date of fiscal year end:
October 31, 2012
Date of reporting period:
May 1, 2012 – July 31, 2012
Item 1. Schedule of Investments
KOREA EQUITY FUND, INC.
SCHEDULE OF INVESTMENTS
IN SECURITIES OF UNAFFILIATED ISSUERS
July 31, 2012
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% of
|
|
|
|
|
|
|
|
|
|
|
Market
|
|
|
Unrealized
|
|
|
Net
|
|
|
|
|
Shares
|
|
|
Cost
|
|
|
Value
|
|
|
Gain or Loss
|
|
|
Assets
|
|
|
COMMON STOCK
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automotive Equipment and Parts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hyundai Mobis
|
|
|
49,702
|
|
|
$
|
7,243,328
|
|
|
$
|
13,165,424
|
|
|
$
|
5,922,096
|
|
|
|
13.6
|
|
|
Automotive service components
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hyundai Motor Company
|
|
|
13,934
|
|
|
|
1,172,048
|
|
|
|
2,920,709
|
|
|
|
1,748,661
|
|
|
|
3.0
|
|
|
Passenger cars, trucks, autoparts, and commercial vehicles
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Automotive Equipment and Parts
|
|
|
|
|
|
|
8,415,376
|
|
|
|
16,086,133
|
|
|
|
7,670,757
|
|
|
|
16.6
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Banking and Financial Services
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BS Financial Group Inc.
|
|
|
113,270
|
|
|
|
1,242,692
|
|
|
|
1,197,146
|
|
|
|
(45,546
|
)
|
|
|
1.2
|
|
|
Banking-related financial services
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Samsung Card Co., Ltd.
|
|
|
67,890
|
|
|
|
2,298,683
|
|
|
|
2,008,473
|
|
|
|
(290,210
|
)
|
|
|
2.1
|
|
|
Credit card services
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Banking and Financial Services
|
|
|
|
|
|
|
3,541,375
|
|
|
|
3,205,619
|
|
|
|
(335,756
|
)
|
|
|
3.3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Chemicals and Pharmaceuticals
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Celltrion, Inc.
|
|
|
61,105
|
|
|
|
1,546,868
|
|
|
|
1,521,315
|
|
|
|
(25,553
|
)
|
|
|
1.6
|
|
|
Biopharmaceutical products
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Chemicals and Pharmaceuticals
|
|
|
|
|
|
|
1,546,868
|
|
|
|
1,521,315
|
|
|
|
(25,553
|
)
|
|
|
1.6
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consumer Electronics
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Samsung Electronics Co., Ltd.
|
|
|
17,202
|
|
|
|
10,337,095
|
|
|
|
19,915,111
|
|
|
|
9,578,016
|
|
|
|
20.6
|
|
|
Consumer electronics, computers, and telecommunications
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SK Hynix Inc
|
|
|
143,580
|
|
|
|
2,923,268
|
|
|
|
2,755,610
|
|
|
|
(167,658
|
)
|
|
|
2.8
|
|
|
Electronucs, semiconductor
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Consumer Electronics
|
|
|
|
|
|
|
13,260,363
|
|
|
|
22,670,721
|
|
|
|
9,410,358
|
|
|
|
23.4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Information and Software
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NCsoft Corporation
|
|
|
22,564
|
|
|
|
5,649,873
|
|
|
|
4,470,213
|
|
|
|
(1,179,660
|
)
|
|
|
4.6
|
|
|
Online gaming
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Information and Software
|
|
|
|
|
|
|
5,649,873
|
|
|
|
4,470,213
|
|
|
|
(1,179,660
|
)
|
|
|
4.6
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Insurance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dongbu Insurance Co., Ltd.
|
|
|
108,340
|
|
|
|
3,869,860
|
|
|
|
4,024,410
|
|
|
|
154,550
|
|
|
|
4.2
|
|
|
Non-life insurance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Samsung Life Insurance Co., Ltd.
|
|
|
19,514
|
|
|
|
1,665,051
|
|
|
|
1,601,616
|
|
|
|
(63,435
|
)
|
|
|
1.7
|
|
|
Life insurance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Samsung Fire & Marine Insurance Co., Ltd.
|
|
|
18,317
|
|
|
|
3,361,736
|
|
|
|
3,434,427
|
|
|
|
72,691
|
|
|
|
3.5
|
|
|
Non-life insurance
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Insurance
|
|
|
|
|
|
|
8,896,647
|
|
|
|
9,060,453
|
|
|
|
163,806
|
|
|
|
9.4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Miscellaneous Manufacturing
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CJ CheilJedang Corporation
|
|
|
11,185
|
|
|
|
3,381,651
|
|
|
|
2,745,131
|
|
|
|
(636,520
|
)
|
|
|
2.8
|
|
|
Food and life science business
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Korea Zinc Co., Ltd.
|
|
|
12,497
|
|
|
|
3,331,973
|
|
|
|
4,244,252
|
|
|
|
912,279
|
|
|
|
4.4
|
|
|
Non-ferrous metals
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lock&Lock Co., Ltd.
|
|
|
132,143
|
|
|
|
3,881,204
|
|
|
|
3,184,746
|
|
|
|
(696,458
|
)
|
|
|
3.3
|
|
|
Plastic food storage
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Miscellaneous Manufacturing
|
|
|
|
|
|
|
10,594,828
|
|
|
|
10,174,129
|
|
|
|
(420,699
|
)
|
|
|
10.5
|
|
KOREA EQUITY FUND, INC.
SCHEDULE OF INVESTMENTS
IN SECURITIES OF UNAFFILIATED ISSUERS
July 31, 2012
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
% of
|
|
|
|
|
|
|
|
|
|
|
Market
|
|
|
Unrealized
|
|
|
Net
|
|
|
|
|
Shares
|
|
|
Cost
|
|
|
Value
|
|
|
Gain or Loss
|
|
|
Assets
|
|
|
Services
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cheil Worldwide Inc.
|
|
|
60,210
|
|
|
$
|
1,017,156
|
|
|
$
|
1,011,781
|
|
|
$
|
(5,375
|
)
|
|
|
1.0
|
|
|
Marketing communications
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CJ CGV Co., Ltd.
|
|
|
45,960
|
|
|
|
1,140,065
|
|
|
|
1,058,893
|
|
|
|
(81,172
|
)
|
|
|
1.1
|
|
|
Movie theaters
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Grand Korea Leisure Co., Ltd.
|
|
|
61,950
|
|
|
|
1,040,540
|
|
|
|
1,328,670
|
|
|
|
288,130
|
|
|
|
1.4
|
|
|
Casino hotels
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hotel Shilla Co. Ltd.
|
|
|
34,861
|
|
|
|
806,907
|
|
|
|
1,493,818
|
|
|
|
686,911
|
|
|
|
1.5
|
|
|
Hotels
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Paradise Co., Ltd.
|
|
|
208,661
|
|
|
|
1,345,390
|
|
|
|
2,352,966
|
|
|
|
1,007,576
|
|
|
|
2.4
|
|
|
Casinos, spas, and hotels
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Samsung Engineering Co., Ltd.
|
|
|
32,586
|
|
|
|
3,389,653
|
|
|
|
5,259,665
|
|
|
|
1,870,012
|
|
|
|
5.4
|
|
|
Engineering and construction
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Services
|
|
|
|
|
|
|
8,739,711
|
|
|
|
12,505,793
|
|
|
|
3,766,082
|
|
|
|
12.8
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transportation
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Daewoo Shipbuilding & Marine Engineering Co., Ltd.
|
|
|
73,710
|
|
|
|
1,906,738
|
|
|
|
1,629,786
|
|
|
|
(276,952
|
)
|
|
|
1.7
|
|
|
Shipbuilding
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Hanjin Shipping Co., Ltd.
|
|
|
217,020
|
|
|
|
3,333,083
|
|
|
|
2,773,523
|
|
|
|
(559,560
|
)
|
|
|
2.9
|
|
|
Marine transportation
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Transportation
|
|
|
|
|
|
|
5,239,821
|
|
|
|
4,403,309
|
|
|
|
(836,512
|
)
|
|
|
4.6
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Wholesale
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fila Korea Ltd.
|
|
|
54,769
|
|
|
|
3,840,768
|
|
|
|
3,230,909
|
|
|
|
(609,859
|
)
|
|
|
3.3
|
|
|
Textile and apparel
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GS Retail Company Ltd
|
|
|
41,520
|
|
|
|
770,692
|
|
|
|
930,892
|
|
|
|
160,200
|
|
|
|
1.0
|
|
|
Owns and operates various stores and online retail businesses
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Samsung C&T Corporation
|
|
|
23,980
|
|
|
|
1,176,570
|
|
|
|
1,363,717
|
|
|
|
187,147
|
|
|
|
1.4
|
|
|
Import/export
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Wholesale
|
|
|
|
|
|
|
5,788,030
|
|
|
|
5,525,518
|
|
|
|
(262,512
|
)
|
|
|
5.7
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SOUTH KOREAN COMMON STOCKS
|
|
|
|
|
|
$
|
71,672,892
|
|
|
$
|
89,623,203
|
|
|
$
|
17,950,311
|
|
|
|
92.5
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INVESTMENTS IN FOREIGN CURRENCY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
South Korea Won
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non- interest bearing account
|
|
|
|
|
|
|
1,271,590
|
|
|
|
1,285,282
|
|
|
|
13,692
|
|
|
|
|
|
|
TOTAL INVESTMENTS IN FOREIGN CURRENCY
|
|
|
|
|
|
|
1,271,590
|
|
|
|
1,285,282
|
|
|
|
13,692
|
|
|
|
1.3
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL INVESTMENTS
|
|
|
|
|
|
$
|
72,944,482
|
|
|
$
|
90,908,485
|
|
|
$
|
17,964,003
|
|
|
|
93.8
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OTHER ASSETS LESS LIABILITIES, NET
|
|
|
|
|
|
|
|
|
|
|
166,539
|
|
|
|
|
|
|
|
6.2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET ASSETS
|
|
|
|
|
|
|
|
|
|
$
|
96,844,710
|
|
|
|
|
|
|
|
100.0
|
|
|
*Aggregate gross unrealized appreciation for all securities in which there is an excess of value over tax cost was $22,588,269.
|
|
|
Aggregate gross unrealized depreciation for all securities in which there is an excess of tax cost over value was $4,637,958.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Portfolio securities and foreign currency holdings were
|
|
|
translated at the following exchange rate as of July 31, 2012.
|
|
|
|
|
|
|
|
|
|
Korean won
|
|
1,130.67
|
=$1.00
|
|
Item 2. Controls and Procedures.
(a)
The Registrant’s Principal Executive Officer and Principal Financial Officer
evaluated the Registrant’s disclosure controls and procedures within 90 days of the filing of this report and concluded that they were effective in providing reasonable assurance that the information required to be disclosed by the Registrant in its reports or statements filed under the 1934 Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission.
(b)
There were no changes in the Registrant’s internal control over financial reporting that occurred during the Registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant’s internal control over financial reporting.
Item 3. Exhibits.
(a)
Certifications of Principal Executive Officer and Principal Financial Officer pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 are attached hereto as an exhibit.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
By:
/s/ Masashi Terachi
Masashi Terachi, President
(Principal Executive Officer)
Date: September 20, 2012
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following person on behalf of the Registrant and in the capacities and on the dates indicated.
By:
/s/ Robert Kleinman
Robert Kleinman, Treasurer
(Principal Financial Officer)
Grafico Azioni Korea Equity Fund, Inc. (NYSE:KEF)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Korea Equity Fund, Inc. (NYSE:KEF)
Storico
Da Giu 2023 a Giu 2024
