Korea Equity Fund (KEF) N-PX Annual report of proxy voting record

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT

INVESTMENT COMPANY

Investment Company Act file number  811-08002

Korea Equity Fund, Inc.
(Exact name of registrant as specified in charter)
Two World Financial Center, Building B, New York, New York	10281
(Address of principal executive offices)	(Zip code)
Mr. Shigeru Shinohara Korea Equity Fund, Inc. Two World Financial Center, Building B New York, New York 10281
(Name and address of agent for service)

Registrant's telephone number, including area code:  (800) 833-0018

Date of fiscal year end: October 31

Date of reporting period: July 1, 2010 – June 30, 2011

Item 1.                      Proxy Voting Record

PROXY VOTING REPORT

FOR THE PERIOD JULY 1, 2010 TO JUNE 30, 2011

KOREA EQUITY FUND  (A/C 8148009)

SEC. ID		COMPANY NAME	MTG DATE		DETAILS	PROPOSED BY	VOTE CAST	WITH/AGAINST MGMT	SHARES
	105560	KB FINANCIAL GRP INC	13-Jul-10		EGM		Abstain from Voting			84,676
				1	Elect Yun-Dae EO as a director	MGMT		AGAINST MANAGEMENT
	035760	CJ O SHOPPING	29-Jul-10		EGM		Vote For the Proposal			11,721
				1	Approve the spin off plan	MGMT		WITH MANAGEMENT
	096770	SK INNOVATION CO LTD	26-Nov-10		EGM		Vote For the Proposal			7,888
				1	Approval of physical division	MGMT		WITH MANAGEMENT
	005490	POSCO	25-Feb-11		AGM		Vote For All Proposals			11,649
				1	Approval of financial statements	MGMT		WITH MANAGEMENT
				2	Approval of partial amendment to articles of incorporation	MGMT		WITH MANAGEMENT
				3.1.1	Election of Yong Nam as an outside director	MGMT		WITH MANAGEMENT
				3.1.2	Election of Dae Gyu Byun as an outside director	MGMT		WITH MANAGEMENT
				3.1.3	Election of Sang Gil Park as an outside director	MGMT		WITH MANAGEMENT
				3.2.1	Election of Byung Gi Kim as an audit committee member	MGMT		WITH MANAGEMENT
				3.2.2	Election of Sang Gil Park as an audit committee member	MGMT		WITH MANAGEMENT
				3.3	Election of Jong Tae Choi as an inside director	MGMT		WITH MANAGEMENT
				4	Approval of limit of remuneration for directors	MGMT		WITH MANAGEMENT
	010130	KOREA ZINC CO LTD	28-Feb-11		AGM		Vote For All Proposals			12,144
				1	Approval of financial statement	MGMT		WITH MANAGEMENT
				2	Election of directors: Nominees for directors: Chang Keun Choi and Ui Ryung Lee and Nominees for outside directors: Kyu Yong Lee, Byung Bae Kim	MGMT		WITH MANAGEMENT
				3	Election of audit committee members: Nominee: Byung Bae Kim	MGMT		WITH MANAGEMENT
				4	Approval of limit of remuneration for directors	MGMT		WITH MANAGEMENT
	009540	HYUNDAI HEAVY INDS	11-Mar-11		AGM		Vote For All Proposals			7,372
				1	Approval of financial statement	MGMT		WITH MANAGEMENT
				2	Amendment of the articles of incorporation	MGMT		WITH MANAGEMENT
				3	Election of directors: Won Gil Choi and Woe Hyun Kim. Outside directors: Ho Beom Pyun and Chul Lee	MGMT		WITH MANAGEMENT
				4	Election of audit committee member: Ho Beom Pyun	MGMT		WITH MANAGEMENT
				5	Approval of remuneration limit of directors	MGMT		WITH MANAGEMENT
	012330	HYUNDAI MOBIS	11-Mar-11		AGM		Vote For All Proposals			50,814
				1	Approval of the 34th income statement, balance sheet, proposed disposition of retained earning	MGMT		WITH MANAGEMENT
				2	Election of directors: Eui Sun Jung, Ho Suk Jeon (internal), Tae Woon Lee, Byung Joo Lee, and Chan Wook Park (external)	MGMT		WITH MANAGEMENT
				3	Election of audit committee members: Tae Woon Lee, Byung Joo Lee, Chan Wook Park	MGMT		WITH MANAGEMENT
				4	Approval of remuneration limit  for director	MGMT		WITH MANAGEMENT
	005380	HYUNDAI MOTOR CO	11-Mar-11		AGM		Vote For All Proposals			24,529
				1	Approval of financial statements for the 43rd business year (2010.1.1 - 2010.12.31)	MGMT		WITH MANAGEMENT
				2	Appointment of director(s): Internal: Chung, Mong-Koo and Kim, Eok-Jo. External: Oh, Se-Bin and Yi, You-Jae	MGMT		WITH MANAGEMENT
				3	Appointment of member of Audit Committee: External: Oh, Se-Bin	MGMT		WITH MANAGEMENT
				4	Amendment to the Article of Incorporation: Article 2: addition of business purpose and deletion of business purpose	MGMT		WITH MANAGEMENT
				5	Approval of compensation cap for directors	MGMT		WITH MANAGEMENT
	030200	KT CORP	11-Mar-11		AGM		Vote For All Proposals			25,340
				1	Approval of financial statement	MGMT		WITH MANAGEMENT
				2	Approval of partial amendment to articles of incorporation	MGMT		WITH MANAGEMENT
				3.1	Election of inside director candidate: Sang Hoon Lee	MGMT		WITH MANAGEMENT
				3.2	Election of inside director candidate: Hyun Myung Pyo	MGMT		WITH MANAGEMENT
				3.3	Election of outside director candidate: Hyun Lak Lee	MGMT		WITH MANAGEMENT
				3.4	Election of outside director candidate: Byung Won Park	MGMT		WITH MANAGEMENT
				4.1	Election of audit committee member candidate: Hyun Lak Lee	MGMT		WITH MANAGEMENT
				4.2	Election of audit committee member candidate: Byung Won Park	MGMT		WITH MANAGEMENT
				5	Approval of limit of remuneration for directors	MGMT		WITH MANAGEMENT
				6	Amendment of retirement benefit plan for directors	MGMT		WITH MANAGEMENT
	060980	MANDO CORP	11-Mar-11		AGM		Vote For All Proposals			14,222
				1	Approval of financial statement	MGMT		WITH MANAGEMENT
				2	Approval of partial amendment to articles of incorporation	MGMT		WITH MANAGEMENT
				3	Election of directors. (2 inside directors : Jung Su Byeon, Sa Hyun Shin)	MGMT		WITH MANAGEMENT
				4	Election of auditor. (1 executive auditor : Jeung Ho Lee)	MGMT		WITH MANAGEMENT
				5	Approval of limit of remuneration for directors	MGMT		WITH MANAGEMENT
				6	Approval of limit of remuneration for auditors	MGMT		WITH MANAGEMENT
	096770	SK INNOVATION CO LTD	11-Mar-11		AGM		Vote For All Proposals			5,878
				1	Approval of B/S, I/S, and proposed disposition of retained earning	MGMT		WITH MANAGEMENT
				2.1	Election of inside director:  Choi, Tae Won	MGMT		WITH MANAGEMENT
				2.2	Election of other non executive director:  Kim, Young Tae	MGMT		WITH MANAGEMENT
				3	Approval of remuneration limit of directors	MGMT		WITH MANAGEMENT
	079160	CJ CGV CO LTD	18-Mar-11		AGM		Vote For All Proposals			41,680
				1	Approval of financial statements	MGMT		WITH MANAGEMENT
				2	Election of directors: Youngkook Lee, Jaehyun Lee, Minhwae Huh; outside directors: Kitae Kim, Chungsoo Uh, Kijoo Lee	MGMT		WITH MANAGEMENT
				3	Election of audit committee members: Kitae Kim, Chungsoo Uh, Kijoo Lee	MGMT		WITH MANAGEMENT
				4	Approval of remuneration for director	MGMT		WITH MANAGEMENT
				5	Amendment of articles of incorporation.	MGMT		WITH MANAGEMENT
	097950	CJ CHEILJEDANG CORP	18-Mar-11		AGM		Vote For All Proposals			7,728
				1	Approval of financial statement	MGMT		WITH MANAGEMENT
				2	Amendment of articles of incorporation	MGMT		WITH MANAGEMENT
				3	Election of director candidate: Kim Hongchang and Park Yeongbaek	MGMT		WITH MANAGEMENT		��
				4	Election of member of audit committee candidate: Park Yeongbaek	MGMT		WITH MANAGEMENT
				5	Approval of remuneration limit for directors	MGMT		WITH MANAGEMENT
	035760	CJ O SHOPPING	18-Mar-11		AGM		Vote For All Proposals			6,294
				1	Approval of financial statement	MGMT		WITH MANAGEMENT
				2	Approval of partial amendment to articles of incorporation	MGMT		WITH MANAGEMENT
				3.1	Election of Hae Sun Lee as an inside director	MGMT		WITH MANAGEMENT
				3.2	Election of Jae Hyun Lee as an inside director	MGMT		WITH MANAGEMENT
				3.3	Election of Hyun Jae Shin as an inside director	MGMT		WITH MANAGEMENT
				3.4	Election of Jeong Seo as an inside director	MGMT		WITH MANAGEMENT
				3.5	Election of Jae Cheon Kim as an outside director	MGMT		WITH MANAGEMENT
				3.6	Election of Kwang Hun Koh as an outside director	MGMT		WITH MANAGEMENT
				4.1	Election of audit committee member: election of Jae Cheon Kim as an outside director	MGMT		WITH MANAGEMENT
				4.2	Election of audit committee member: election of Kwang Hun Koh as an outside director	MGMT		WITH MANAGEMENT
				5	Approval of limit of remuneration for directors	MGMT		WITH MANAGEMENT
				6	Amendment of retirement benefit plan for directors	MGMT		WITH MANAGEMENT
	039130	HANATOUR SVC INC	18-Mar-11		AGM		Vote For All Proposals			23,033
				1	Approval of financial statements	MGMT		WITH MANAGEMENT
				2	Approval of partial amendment to articles of incorporation	MGMT		WITH MANAGEMENT
				3.1	Election of inside director: Bak Sang Hwan	MGMT		WITH MANAGEMENT
				3.2	Election of inside director: Kwon Hee Suk	MGMT		WITH MANAGEMENT
				3.3	Election of inside director: Choi Hyun Suk	MGMT		WITH MANAGEMENT
				4	Approval of limit of remuneration for directors	MGMT		WITH MANAGEMENT
				5	Approval of stock option for staff (approval of stock option for staff given by BOD resolution)	MGMT		WITH MANAGEMENT
	008770	HOTEL SHILLA LTD.	18-Mar-11		AGM		Vote For All Proposals			40,960
				1	Approval of financial statement	MGMT		WITH MANAGEMENT
				2	Amendment of the articles of incorporation	MGMT		WITH MANAGEMENT
				3	Election of directors  candidates: Boojin Lee, Jeongsoo Kim, Byunghoon Heo	MGMT		WITH MANAGEMENT
				4	Approval of remuneration limit for directors	MGMT		WITH MANAGEMENT
				5	Approval of remuneration limit for auditor	MGMT		WITH MANAGEMENT
	069960	HYUNDAI DEPT. STORE CO	18-Mar-11		AGM		Vote For All Proposals			11,009
				1	Approval of financial statements	MGMT		WITH MANAGEMENT
				2	Amendment of articles of incorporation	MGMT		WITH MANAGEMENT
				3	Election of director Gyeong Cheong Ho. Ha Byeong Ho. Bak Je Chan. Kim Wang Bok	MGMT		WITH MANAGEMENT
				4	Election of audit committee member Bak Je Chan. Kim Wang Bok	MGMT		WITH MANAGEMENT
				5	Approval of remuneration limit for director	MGMT		WITH MANAGEMENT
	051910	LG CHEM LTD	18-Mar-11		AGM		Vote For All Proposals			11,726
				1	Approval of financial statements	MGMT		WITH MANAGEMENT
				2	Election of Director Gang Yu Sik. Kim Se Jin	MGMT		WITH MANAGEMENT
				3	Election of audit committee member Kim Se Jin	MGMT		WITH MANAGEMENT
				4	Approval of remuneration for Director	MGMT		WITH MANAGEMENT
	023530	LOTTE SHOPPING CO	18-Mar-11		AGM		Vote For All Proposals			8,252
				1	Approval of financial statement	MGMT		WITH MANAGEMENT
				2	Approval of partial amendment to articles of incorporation	MGMT		WITH MANAGEMENT
				3	Election of external director candidate: Kyukho Shin	MGMT		WITH MANAGEMENT
				4	Election of director candidate: Jongsuk Ye	MGMT		WITH MANAGEMENT
				5	Approval of limit of remuneration for directors	MGMT		WITH MANAGEMENT
	103140	POONGSAN CORP	18-Mar-11		AGM		Vote For All Proposals			8,950
				1	Approval of financial statements	MGMT		WITH MANAGEMENT
				2	Election of director Choe Han Myeong. Bak  U Dong. Bak Cheol Sun	MGMT		WITH MANAGEMENT
				3	Election of auditor Yu Byeong Deuk	MGMT		WITH MANAGEMENT
				4	Approval of remuneration for director	MGMT		WITH MANAGEMENT
				5	Approval of remuneration for auditor	MGMT		WITH MANAGEMENT
	000830	SAMSUNG C&T CORP	18-Mar-11		AGM		Vote For All Proposals			39,526
				1	Approval of financial statements	MGMT		WITH MANAGEMENT
				2	Amendment of articles of incorporation addition of business activity, change of business activity	MGMT		WITH MANAGEMENT
				3	Election of director: Gim Sin	MGMT		WITH MANAGEMENT
				4	Approval of remuneration for director	MGMT		WITH MANAGEMENT
	029780	SAMSUNG CARD CO LTD	18-Mar-11		AGM		Vote For All Proposals			57,909
				1	Approval of financial statement	MGMT		WITH MANAGEMENT
				2	Election of directors: (2 Inside directors: Chi Hun Cho, Tae Mun Jung). (3 Outside directors : Young Won Ha, Eun Young Cha, Woon Yeol Choi)	MGMT		WITH MANAGEMENT
				3	Election of audit committee members: (election of audit committee member as inside director: Tae Mun Jung).  (election of audit committee member as outside director: Young Won Ha)	MGMT		WITH MANAGEMENT
				4	Approval of limit of remuneration for directors	MGMT		WITH MANAGEMENT
	005930	SAMSUNG ELECTRONICS CO LTD	18-Mar-11		AGM		Vote For All Proposals			19,759
				1	Approval of financial statements	MGMT		WITH MANAGEMENT
				2	Approval of remuneration for director	MGMT		WITH MANAGEMENT
	028050	SAMSUNG ENG CO LTD	18-Mar-11		AGM		Vote For All Proposals			31,046
				1	Approval of financial statements	MGMT		WITH MANAGEMENT
				2.1	Election of director: candidate: Byungbok Son	MGMT		WITH MANAGEMENT
				2.2	Election of director: candidate: Byungmuk Kim	MGMT		WITH MANAGEMENT
				2.3	Election of director: candidate: Sanghun Kim	MGMT		WITH MANAGEMENT
				3	Election of the member of audit committee, who is the external director: candidate: Wansun Shin	MGMT		WITH MANAGEMENT
				4	Approval of remuneration for directors	MGMT		WITH MANAGEMENT
	0101404	SAMSUNG HEAVY INDS	18-Mar-11		AGM		Vote For All Proposals			50,950
				1	Approval of financial statement	MGMT		WITH MANAGEMENT
				2	Election of directors candidates: Joowon Park, Taeheung Jun, Hangsoon Choi	MGMT		WITH MANAGEMENT
				3	Election of the member of audit committee, who is the external director. candidate: Hangsoon Choi	MGMT		WITH MANAGEMENT
				4	Approval of remuneration limit of directors	MGMT		WITH MANAGEMENT
	010950	S-OIL CORP	18-Mar-11		AGM		Vote For All Proposals			31,618
				1	Approval of the 36th b/s, i/s, and proposed disposition of retained earning	MGMT		WITH MANAGEMENT
				2	Election of directors candidates: internal: A.A. Al Subaey Parttime:  K.G. Al Buainain, B.A. Abul Hamayel, Yangho Cho, Taesoo Suk external: S. A. Al Ashgar, A.M. Al Seflan, A.O. Al Ajaji, Moonsu Chung, Kyuhwa Lee, Sangun Park	MGMT		WITH MANAGEMENT
				3.1	Election of part time auditor. candidate: Taesoo Suk	MGMT		WITH MANAGEMENT
				3.2	Election of external auditors. candidates: S. A. Al Ashgar, A.M. Al Seflan, Moonsu Chung	MGMT		WITH MANAGEMENT
				4	Approval of remuneration limit of directors	MGMT		WITH MANAGEMENT
	081660	FILA KOREA LTD	21-Mar-11		AGM		Vote For All Proposals			19,157
				1	Approval of financial statements	MGMT		WITH MANAGEMENT
				2	Amendment of articles of incorporation	MGMT		WITH MANAGEMENT
				3	Election of directors candidates: Yoon Su Yoon, Sung Sik Jung, Jong An Park and Young Chan Cho external directors candidates: Young Woo Jung and Jung Il Choi	MGMT		WITH MANAGEMENT
				4	Approval of remuneration for director	MGMT		WITH MANAGEMENT
				5	Approval of remuneration for auditor	MGMT		WITH MANAGEMENT
	114120	CRUCIALTEC CO LTD	25-Mar-11		AGM		Vote For All Proposals			32,915
				1	Approval of financial statements	MGMT		WITH MANAGEMENT
				2	Amendment of articles of incorporation	MGMT		WITH MANAGEMENT
				3	Election of outside director Jo Gwang Su	MGMT		WITH MANAGEMENT
				4	Election of auditor I Yeong Ho	MGMT		WITH MANAGEMENT
				5	Approval of remuneration for director	MGMT		WITH MANAGEMENT
				6	Approval of remuneration for auditor	MGMT		WITH MANAGEMENT
	077360	DUK SAN HI METAL CO	25-Mar-11		AGM		Vote For All Proposals			22,724
				1	Approval of financial statement	MGMT		WITH MANAGEMENT
				2	Approval of partial amendment to articles of incorporation. (additional business objectives)	MGMT		WITH MANAGEMENT
				3	Stock option for staff	MGMT		WITH MANAGEMENT
				4	Election of director (1 outside director) nominee: Soon Ki Kwon	MGMT		WITH MANAGEMENT
				5	Approval of limit of remuneration  for directors	MGMT		WITH MANAGEMENT
				6	Approval of limit of remuneration  for auditors	MGMT		WITH MANAGEMENT
	086790	HANA FINANCIAL GRP	25-Mar-11		AGM		Vote For All Proposals			27,570
				1	Approval of financial statement	MGMT		WITH MANAGEMENT
				2	Approval of proposed disposition of retained earning	MGMT		WITH MANAGEMENT
				3	Amendment of the article of incorporation	MGMT		WITH MANAGEMENT
				4.1	Election of inside directors (5 executive directors, 6 outside directors): Seung Yoo Kim, Jong Yul Kim, Jung Tse Kim, Ji Wan Kim, Yong Ro Yoon, Hae Wang Jung, Jung Nam Cho, Byung Taek Yoo, Ku Tae Lee, Kyung Sub Kim, Young Rok Jung	MGMT		WITH MANAGEMENT
				4.2	Election of audit committee members as outside directors (4 audit committee members): Kyung Sub Kim, Hae Wang Jung, Kyung Kyu Choi, Young Rok Jung	MGMT		WITH MANAGEMENT
				5	Approval of remuneration limit of directors	MGMT		WITH MANAGEMENT
	005440	HYUNDAI GREENFOOD CO LTD	25-Mar-11		AGM		Vote For All Proposals			138,390
				1	Approval of the financial statement	MGMT		WITH MANAGEMENT
				2	Amendment of the articles of incorporation	MGMT		WITH MANAGEMENT
				3	Election of director's candidate: Huengyong Oh, Gyosun Jung, Dongho Lee, Youngsam Choi, Honggi Min	MGMT		WITH MANAGEMENT
				4	Election of the member of audit committee, who is the external director. candidates: Youngsam Choi, Honggi Min	MGMT		WITH MANAGEMENT
				5	Approval of remuneration limit of director's	MGMT		WITH MANAGEMENT
	024110	INDUSTRIAL BK OF KOREA	25-Mar-11		AGM		Vote For All Proposals			149,910
				1	Approval of financial statements	MGMT		WITH MANAGEMENT
				2	Amendment of articles of incorporation	MGMT		WITH MANAGEMENT
				3	Amendment of articles on retirement allowance for director	MGMT		WITH MANAGEMENT
				4	Approval of remuneration for director	MGMT		WITH MANAGEMENT
				5	Approval of remuneration for auditor	MGMT		WITH MANAGEMENT
	105560	KB FINANCIAL GRP INC	25-Mar-11		AGM		Vote For All Proposals			102,461
				1	Approval of financial statement	MGMT		WITH MANAGEMENT
				2	Election of directors: candidates: Byungdeok Min, Youngrok Lim, Vaughn Richtor, (external) Youngjin Kim, Jaewook Bae, Jongcheon Lee and Sangmoon Ham	MGMT		WITH MANAGEMENT
				3	Election of audit committee members who are external directors:  candidates: Seungeui Koh, Jaewook Bae, Kyungjae Lee, Jongcheon Lee and Sangmoon Ham	MGMT		WITH MANAGEMENT
				4	Approval of limit of remuneration for directors	MGMT		WITH MANAGEMENT
	115390	LOCK&LOCK CO LTD	25-Mar-11		AGM		Vote For All Proposals			57,840
				1	Approval of financial statements	MGMT		WITH MANAGEMENT
				2	Amendment of articles of incorporation.	MGMT		WITH MANAGEMENT
				3	Election of Directors. Kim Joon Il, Yoon Jo Hyun, Lee Won Wook, Song Baek Young, O Hyun Suk	MGMT		WITH MANAGEMENT
				4	Approval of remuneration limit for director	MGMT		WITH MANAGEMENT
	001800	ORION CORP	25-Mar-11		AGM		Vote For All Proposals			4,665
				1	Approval of financial statements	MGMT		WITH MANAGEMENT
				2	Election of directors: Kwan Joong Lee and Won Woo Park	MGMT		WITH MANAGEMENT
				3	Approval of remuneration for director	MGMT		WITH MANAGEMENT
				4	Approval of remuneration for auditor	MGMT		WITH MANAGEMENT
	108320	SILICON WORKS CO LTD	30-Mar-11		AGM		Vote For All Proposals			33,512
				1	Approval of financial statements	MGMT		WITH MANAGEMENT
				2	Amendment of articles of incorporation	MGMT		WITH MANAGEMENT
				3.1	Election of inside director Sin Tae Hyeong	MGMT		WITH MANAGEMENT
				3.2	Election of outside director I Sang Guk	MGMT		WITH MANAGEMENT
				4	Approval of remuneration for director	MGMT		WITH MANAGEMENT
				5	Approval of remuneration for auditor	MGMT		WITH MANAGEMENT
	000720	HYUNDAI ENG. & CONSTRUCTION	31-Mar-11		AGM		Vote For All Proposals			76,626
				1	Approval of financial statement	MGMT		WITH MANAGEMENT
				2	Amendment of the article of incorporation	MGMT		WITH MANAGEMENT
				3	Dismissal of director. candidate: Seungryul Lee	MGMT		WITH MANAGEMENT
				4	Election of directors candidates: Changhee Kim, Jungdae Lee, Seungjae Lee, Sangok Park, Hyunyoon Shin, Chiho Seo	MGMT		WITH MANAGEMENT
				5	Election of the member of audit committee, who is the external director. candidates: Seungjae Lee, Sangok Park, Hyunyoon Shin, Chiho Seo	MGMT		WITH MANAGEMENT
				6	Approval of remuneration limit of directors	MGMT		WITH MANAGEMENT
	0068010	DAEWOO SECURITIES LTD	01-Jun-11		AGM		Vote For All Proposals			78,380
				1	Approval of financial statements	MGMT		WITH MANAGEMENT
				2	Election of external director candidate : Jinkyu Park	MGMT		WITH MANAGEMENT
				3	Approval of remuneration for director	MGMT		WITH MANAGEMENT
	000810	SAMSUNG FIRE & MAR INS	03-Jun-11		AGM		Vote For All Proposals			11,083
				1	Approval of financial statement	MGMT		WITH MANAGEMENT
				2	Election of directors (2) : Dae Seob Ji (inside director), Dong Yeob Shin (outside director)	MGMT		WITH MANAGEMENT
				3	Approval of limit of remuneration for directors	MGMT		WITH MANAGEMENT
	005830	DONGBU INS CO LTD	10-Jun-11		AGM		Vote For All Proposals			89,170
				1	Approval of financial statement	MGMT		WITH MANAGEMENT
				2	Election of external director candidate: Geunyoung Lee, Sunjeong Kim, Soohyu Lee	MGMT		WITH MANAGEMENT
				3	Election of the member of audit committee, who is the external director candidate: Geunyoung Lee, Sungjeong Kim	MGMT		WITH MANAGEMENT
				4	Approval of remuneration limit of directors	MGMT		WITH MANAGEMENT
	003690	KOREAN REINSURANCE CO	10-Jun-11		AGM		Vote For All Proposals			173,016
				1	Approval of financial statements	MGMT		WITH MANAGEMENT
				2	Election of directors (1 non executive director, 3 outside directors):  names: Pil Kyu Lee, Seung Kyu Yang, Young Tak Lee and Young Ki Kang	MGMT		WITH MANAGEMENT
				3	Election of audit committee members as outside directors: names:  Young Tak Lee and Jae Hwan Ka	MGMT		WITH MANAGEMENT
				4	Approval of remuneration for director	MGMT		WITH MANAGEMENT

SIGNATURES

Pursuant to the requirements of 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.

Korea Equity Fund, Inc.

By:       /s/ Shigeru Shinohara          

                 Shigeru Shinohara

                 President

Date:   August 23, 2011