KOREA EQUITY FUND INC

expiry = 2012-03-05...a)(1)(i) OFFER TO PURCHASE FOR CASH BY Korea Equity Fund, Inc. up to 1,082,292 of its Issued and Outstanding Shares of Common Stock at 98% of Net Asset Value Per Share THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON MARCH 5, 2012, UNLESS THE OFFER IS EXTENDED. This tender offer is not conditioned on any minimum number of shares being tendered but is subject to other conditions as outlined in this offer to purchase and in the related letter of transmittal. If we com...

listed = True...0) 833-0018. The title of the securities to which this Schedule TO relates is shares of common stock, par value $0.10 per share, of the Fund (the “Shares”). As of January, 25, 2012, there were approximately 10,822,915 Shares issued and outstanding. The Shares are traded on the New York Stock Exchange under the symbol “KEF”. The information set forth in Section 6 “Net Asset value and Market Price Range of the Shares; Dividends on the Shares” of the Offer to Purchase is incorporated herein by reference. ITEM 3. Identity and Background of Filing Person. The filing person is the subject company. The information regarding the filing perso...

mechanism = NAV_PERCENT...le 0-11(b)(1) under the Securities Exchange Act of 1934, as amended, the transaction value was calculated by multiplying 1,082,292 shares of Common Stock of Korea Equity Fund, Inc. (10% of the total number of shares outstanding on January 25, 2012) by $10.08 (98% of the Net Asset Value per share of $10.29 as of the close of ordinary trading on the New York Stock Exchange on January 25, 2012). (b) Calculated at $114.60 per $1,000,000 of the Transaction Valuation. ¨ Check the box if any part of the fee is offset as provided by Rule 0-11(a)(2) and identify the filing with which the offsetting fee was previously paid. Identify the p...

txn_type = TENDER_OFFER...chedule 13D under Rule 13d-2. Check the following box if the filing is a final amendment reporting the results of the tender offer. ¨ 2 ITEM 1: Summary Term Sheet The information required by Item 1 is incorporated by reference to the Summary Term Sheet of the Offer to Purchase, which is attached as Exhibit (a)(1)(i) to this Schedule TO. ITEM 2. Subject Company Information The name of the issuer is Korea Equity Fund, Inc. (the “Fund”), a closed-end investment company organized as a Maryland corporation. The address of its principal executive offices is Two World Financial Center, Building B, 18th Floor, New Yor...

tendered = 1082292...der for purchase all or part of the Shares you own. In what order will the Fund purchase tendered Shares? · If the terms and conditions of the tender offer have been satisfied or waived and more than 1,082,292 Shares have been validly tendered and not validly withdrawn on or prior to the expiration of the offer, we will purchase Shares from all tendered Shares on a pro rata basis (disregarding fractions) in accordance with the number of Shares tendered by each shareholder (and not timely withdrawn). No special conside...