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Korea Asia Fund Ld (01HG)


Wednesday 21 June, 2000

Korea Asia Fund Ld

Purchase of Own Securities

Korea Asia Fund Ld
21 June 2000

The Korea Asia Fund Limited

The Korea Asia Fund Limited announces that on 20 June 2000 the Company purchased
for cancellation 55 IDRs (27,500 Ordinary Shares) at a price of 
US$3.1725 per Ordinary Share.  Following the purchase, 72,547,500 Ordinary
Shares remain in issue.


Steve Martin
Company Secretarial Advisors
Tel: 01727-733102

Tom Durie
Company Broker
HSBC Investment Bank
Tel: 020 7336 2004


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