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Korea Bond Fund PLC (KBF)


Monday 10 January, 2000

Korea Bond Fund PLC


Korea Bond Fund PLC
10 January 2000

                              KOREA BOND FUND PLC

                            Appointment of Director

The Board of Directors of Korea Bond Fund plc (the 'Fund') wish to announce that
they have resolved to accept the resignation of Mr. Shinji Iwai as a Director of
the Fund and to appoint Mr. Yasushi Ii as his replacement.

The biographical details of Mr. Ii are as follows:-

Mr. Yasushi Ii, a Japanese National, qualified with a BA Business Administration
from Aoyama Gakuin University, Japan in 1977 and with a MBA from The National
University of Singapore in 1985. Mr. Ii joined Nomura Securities Co, Ltd. in
1980 and was assigned to the Okayama Branch. In 1982 he was transferred to the
Education and Training Department, Tokyo and was selected as a candidate for
study abroad and entered the National University of Singapore  from 1983 to
1985. In 1985 he was assigned to the Capital Markets Division,  Tokyo. In 1996
he was appointed as Managing Director of Investment Banking with Nomura
Securities International Inc., New York and in 1999 he was transferred  to
London and appointed Managing Director and Head of Investment Banking Division
of Nomura International plc.

Mr. Ii's appointment is effective from the 13 September 1999.


Dillon Eustace                Fiona Mulcahy         + 353 1 667 0022


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