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)
Worldwide Plaza 19th Floor, 309 West 49th Street, New York, NY	10019
(Address of principal executive offices)	(Zip code)
Mr. Masashi Terachi Worldwide Plaza 19th Floor 309 West 49th Street New York, NY 10019
(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, 2012 – June 30, 2013

PROXY VOTING REPORT

FOR THE PERIOD JULY 1, 2012 TO JUNE 30, 2013

KOREA EQUITY FUND  (A/C 8148009)
 

TICKER SYMBOL	COMPANY NAME	MTG DATE		DETAILS	PROPOSED BY	VOTE CAST	WITH/AGAINST MGMT	SHARES
068270	CELLTRION INC	21-Dec-12		EGM		Vote For the Proposal		50,034
			1	Amendment of articles of incorp.	MGMT	FOR	WITH MANAGEMENT
068270	CELLTRION INC	29-Jan-13		EGM		Vote For All Proposals		50,034
			1	Approval of stock consolidation [change of par value]	MGMT	FOR	WITH MANAGEMENT
			2	Amendment of articles of incorp	MGMT	FOR	WITH MANAGEMENT
033780	KT & G CORP	28-Feb-13		AGM		Vote For All Proposals		13,890
			1	Approval of financial statement	MGMT	FOR	WITH MANAGEMENT
			2	Amendment of articles of incorporation	MGMT	FOR	WITH MANAGEMENT
			3	Election of representative director: Min Yeong Jin	MGMT	FOR	WITH MANAGEMENT
			4	Election of outside directors: Gim Deuk Hwi and Jo Gyu Ha	MGMT	FOR	WITH MANAGEMENT
			5	Election of audit committee member: Jo Gyu Ha	MGMT	FOR	WITH MANAGEMENT
			6	Approval of remuneration for director	MGMT	FOR	WITH MANAGEMENT
030000	CHEIL WORLDWIDE INC	15-Mar-13		AGM		Vote For All Proposals		60,210
			1	Approval of financial statements	MGMT	FOR	WITH MANAGEMENT
			2.1	Election of director Im Dae Gi	MGMT	FOR	WITH MANAGEMENT
			2.2	Election of director Yu Jeong Geun	MGMT	FOR	WITH MANAGEMENT
			2.3	Election of director Jeong Yeon Geun	MGMT	FOR	WITH MANAGEMENT
			3	Approval of remuneration for director	MGMT	FOR	WITH MANAGEMENT
			4	Approval of remuneration for auditor	MGMT	FOR	WITH MANAGEMENT
006280	GREEN CROSS CORP	15-Mar-13		AGM		Vote For All Proposals		4,104
			1	Approval of financial statements	MGMT	FOR	WITH MANAGEMENT
			2	Election of director: Kim Yeong Ho	MGMT	FOR	WITH MANAGEMENT
			3	Election of auditor: Han Ji Hun	MGMT	FOR	WITH MANAGEMENT
			4	Approval of remuneration for director	MGMT	FOR	WITH MANAGEMENT
			5	Approval of remuneration for auditor	MGMT	FOR	WITH MANAGEMENT
007070	GS RETAIL CO LTD	15-Mar-13		AGM		Vote For All Proposals		19,490
			1	Approval of financial statement	MGMT	FOR	WITH MANAGEMENT
			2	Election of outside directors. candidates: Park Seong Deuk	MGMT	FOR	WITH MANAGEMENT
			3	Approval of remuneration limit of directors	MGMT	FOR	WITH MANAGEMENT
117930	HANJIN SHIPPING CO LTD	15-Mar-13		AGM		Vote For All Proposals		204,180
			1	Election of directors candidates: Jeong Gyeong Chae	MGMT	FOR	WITH MANAGEMENT
			2	Election of the member of audit committee, who is the non-external director. Candidate: Lee Dong Myeong	MGMT	FOR	WITH MANAGEMENT
			3	Approval of remuneration limit of directors	MGMT	FOR	WITH MANAGEMENT
008770	HOTEL SHILLA LTD.	15-Mar-13		AGM		Vote For All Proposals		25,495
			1	Approval of financial statements	MGMT	FOR	WITH MANAGEMENT
			2	Election of directors (2 Inside Directors: Jung Ho Cha, Hong Kwan Chae and 1 Outside Director: Jin Ho Jung)	MGMT	FOR	WITH MANAGEMENT
			3	Election of Auditor (1 Auditor: Il Jae Moon)	MGMT	FOR	WITH MANAGEMENT
			4	Approval of remuneration for director	MGMT	FOR	WITH MANAGEMENT
			5	Approval of remuneration for auditor	MGMT	FOR	WITH MANAGEMENT
086280	HYUNDAI GLOVIS CO LTD	15-Mar-13		AGM		Vote For All except Vote Against 2, 3		9,682
			1	Approval of financial statement	MGMT	FOR	WITH MANAGEMENT
			2	Election of directors candidates: Kim Hyeong Ho, Yan Yeh Bin Wang election of outside directors candidates: Ma Sang Gon	MGMT	AGAINST	AGAINST MANAGEMENT
			3	Election of the member of audit committee, who is the external director candidates: Ma Sang Gon	MGMT	AGAINST	AGAINST MANAGEMENT
			4	Approval of remuneration limit of directors	MGMT	FOR	WITH MANAGEMENT
012330	HYUNDAI MOBIS	15-Mar-13		AGM		Vote For All Proposals		42,559
			1	Approval of financial statements	MGMT	FOR	WITH MANAGEMENT
			2	Election of directors: Jeong Mong Gu, Jeon Ho Seok, Bak Chan Uk	MGMT	FOR	WITH MANAGEMENT
			3	Election of audit committee member: Bak Chan Uk	MGMT	FOR	WITH MANAGEMENT
			4	Approval of remuneration for director	MGMT	FOR	WITH MANAGEMENT
122900	IMARKETKOREA INC	15-Mar-13		AGM		Vote For All Proposals		91,120
			1	Approval of financial statements	MGMT	FOR	WITH MANAGEMENT
			2	Amendment of articles of incorporation	MGMT	FOR	WITH MANAGEMENT
			3.1	Election of inside director: Bak Byeong Ju	MGMT	FOR	WITH MANAGEMENT
			3.2	Election of outside director: Pyo Gye Yeong	MGMT	FOR	WITH MANAGEMENT
			4	Election of auditor: I Su Seong	MGMT	FOR	WITH MANAGEMENT
			5	Approval of remuneration for director	MGMT	FOR	WITH MANAGEMENT
			6	Approval of remuneration for auditor	MGMT	FOR	WITH MANAGEMENT
029780	SAMSUNG CARD CO LTD	15-Mar-13		AGM		Vote For All Proposals		15,290
			1	Approval of financial statement	MGMT	FOR	WITH MANAGEMENT
			2	Approval of partial amendment to articles of incorporation	MGMT	FOR	WITH MANAGEMENT
			3	Approval of limit of remuneration for directors	MGMT	FOR	WITH MANAGEMENT
005930	SAMSUNG ELECTRONICS CO LTD	15-Mar-13		AGM		Vote For All Proposals		15,002
			1	Approval of financial statement	MGMT	FOR	WITH MANAGEMENT
			2.1.1	Re-election of independent director: In-Ho Lee	MGMT	FOR	WITH MANAGEMENT
			2.1.2	Election of independent director: Kwang-Soo Song	MGMT	FOR	WITH MANAGEMENT
			2.1.3	Election of independent director: Eun-Mee Kim	MGMT	FOR	WITH MANAGEMENT
			2.2.1	Election of executive director: Boo-Keun Yoon	MGMT	FOR	WITH MANAGEMENT
			2.2.2	Election of executive director: Jong-Kyun Shin	MGMT	FOR	WITH MANAGEMENT
			2.2.3	Election of executive director: Sang-Hoon Lee	MGMT	FOR	WITH MANAGEMENT
			2.3.1	Re-election of audit committee member: In-Ho Lee	MGMT	FOR	WITH MANAGEMENT
			2.3.2	Election of audit committee member: Kwang-Soo Song	MGMT	FOR	WITH MANAGEMENT
			3	Approval of limit of remuneration for directors	MGMT	FOR	WITH MANAGEMENT
028050	SAMSUNG ENG CO LTD	15-Mar-13		AGM		Vote For All Proposals		33,064
			1	Approval of financial statement	MGMT	FOR	WITH MANAGEMENT
			2	Election of director candidates: Park Gi Seok and Kim Dong Wun. Election of outside director candidates: Shin Wan Seon and Kim Yeong Se	MGMT	FOR	WITH MANAGEMENT
			3	Election of the member of audit committee, who is the external director. Candidates: Shin Wan Seon and Jang Ji Jong	MGMT	FOR	WITH MANAGEMENT
			4	Approval of remuneration limit of directors	MGMT	FOR	WITH MANAGEMENT
006400	SAMSUNG SDI CO	15-Mar-13		AGM		Vote For All Proposals		3,606
			1	Approval of financial statement	MGMT	FOR	WITH MANAGEMENT
			2	Election of director candidate: Kim Yeong Sik	MGMT	FOR	WITH MANAGEMENT
			3	Approval of remuneration limit of directors	MGMT	FOR	WITH MANAGEMENT
035250	KANGWON LAND INC	21-Mar-13		AGM		Vote For All Proposals		23,830
			1	Approval of financial statement expected cash dividend: KRW 755 per shs	MGMT	FOR	WITH MANAGEMENT
			2	Approval of limit of remuneration for directors	MGMT	FOR	WITH MANAGEMENT
068270	CELLTRION INC	22-Mar-13		AGM		Vote For All except Vote Against 6		50,034
			1	Approval of financial statement	MGMT	FOR	WITH MANAGEMENT
			2.1	Election of non-permanent directors candidate: Lee Gyeong Ho	MGMT	FOR	WITH MANAGEMENT
			2.2	Election of outside director candidate: Kim Dong Il	MGMT	FOR	WITH MANAGEMENT
			2.3	Election of outside director candidate: Lee Yo Seb	MGMT	FOR	WITH MANAGEMENT
			2.4	Election of outside director candidate: Jo Gyun Seok	MGMT	FOR	WITH MANAGEMENT
			2.5	Election of outside director candidate: Jo Hong Geui	MGMT	FOR	WITH MANAGEMENT
			3	Election of the member of audit committee, who is the external director candidates: Kim Dong Il, Lee Yo Seb, Jo Gyun Seok	MGMT	FOR	WITH MANAGEMENT
			4	Approval of remuneration limit of directors	MGMT	FOR	WITH MANAGEMENT
			5	Endowment of stock purchase option	MGMT	FOR	WITH MANAGEMENT
			6	Change of severance payment for directors	MGMT	AGAINST	AGAINST MANAGEMENT
079160	CJ CGV CO LTD	22-Mar-13		AGM		Vote For All Proposals		45,960
			1	Approval of financial statements	MGMT	FOR	WITH MANAGEMENT
			2	Election of outside directors. Candidates: Park Cha Seok, Kang Sang Hyeon	MGMT	FOR	WITH MANAGEMENT
			3	Election of the member of audit committee, who is the outside director. Candidates: Park Cha Seok, Kang Sang Hyeon	MGMT	FOR	WITH MANAGEMENT
			4	Approval of remuneration for director	MGMT	FOR	WITH MANAGEMENT
097950	CJ CHEILJEDANG CORP	22-Mar-13		AGM		Vote For All except Vote Against 2, 3		11,149
			1	Approval of financial statements	MGMT	FOR	WITH MANAGEMENT
			2	Election of inside directors candidates: Son Gyeong Sik and Lee Jae Hyeon; election of outside directors candidates: Lee Gi Su, Choi Jeong Pyo and Kim Gap Sun	MGMT	AGAINST	AGAINST MANAGEMENT
			3	Election of the member of audit committee, who is the outside director candidates: Lee Gi Su, Choi Jeong Pyo and Kim Gap Sun	MGMT	AGAINST	AGAINST MANAGEMENT
			4	Approval of remuneration for director	MGMT	FOR	WITH MANAGEMENT
042660	DAEWOO SHIPBLDG & MAR	22-Mar-13		AGM		Vote For All except Vote Against 421		95,000
			1	Approval of financial statement	MGMT	FOR	WITH MANAGEMENT
			2	Amendment of the articles of incorporation	MGMT	FOR	WITH MANAGEMENT
			311	Election of outside director candidate: Ko Sang Gon	MGMT	FOR	WITH MANAGEMENT
			312	Election of outside director candidate: Shin Gwang Sik	MGMT	FOR	WITH MANAGEMENT
			313	Election of outside director candidate: Jo Jeon Hyeok	MGMT	FOR	WITH MANAGEMENT
			314	Election of outside director candidate: Lee Sang Geun	MGMT	FOR	WITH MANAGEMENT
			411	Election of the member of audit committee, who is the outside director candidate: Ko Sang Gon	MGMT	FOR	WITH MANAGEMENT
			412	Election of the member of audit committee, who is the outside director candidate: Shin Gwang Sik	MGMT	FOR	WITH MANAGEMENT
			413	Election of the member of audit committee, who is the outside director candidate: Jo Jeon Hyeok	MGMT	FOR	WITH MANAGEMENT
			414	Election of the member of audit committee, who is the outside director candidate: Lee Sang Geun	MGMT	FOR	WITH MANAGEMENT
			421	Election of the member of audit committee, who is not the outside director candidate: Kwon Yeong Min	MGMT	FOR	WITH MANAGEMENT
			5	Approval of remuneration limit of directors	MGMT	FOR	WITH MANAGEMENT
033500	FINETEC CORP	22-Mar-13		AGM		Vote For All Proposals		151,605
			1	Approval of financial statements	MGMT	FOR	WITH MANAGEMENT
			2	Amendment of articles of incorp	MGMT	FOR	WITH MANAGEMENT
			3	Election of outside director: Gim Su Min	MGMT	FOR	WITH MANAGEMENT
			4	Approval of remuneration for director	MGMT	FOR	WITH MANAGEMENT
			5	Approval of remuneration for auditor	MGMT	FOR	WITH MANAGEMENT
123330	GENIC CO LTD	22-Mar-13		AGM		Vote For All Proposals		10,113
			1	Approval of financial statement (including stock dividend: KRW 0.107 Shs per share)	MGMT	FOR	WITH MANAGEMENT
			2	Election of auditor: Jeong Hwa Han	MGMT	FOR	WITH MANAGEMENT
			3	Approval of partial amendment to articles of incorporation	MGMT	FOR	WITH MANAGEMENT
			4	Approval of limit of remuneration for directors	MGMT	FOR	WITH MANAGEMENT
			5	Approval of limit of remuneration for auditors	MGMT	FOR	WITH MANAGEMENT
105560	KB FINANCIAL GRP INC	22-Mar-13		AGM		VFA ex VA 2.1, 2.2, 2.6, 3.1, 3.2		60,720
			1	Approval of financial statements	MGMT	FOR	WITH MANAGEMENT
			2.1	Election of outside director: I Gyeong Jae	MGMT	AGAINST	AGAINST MANAGEMENT
			2.2	Election of outside director: Bae Jae Uk	MGMT	AGAINST	AGAINST MANAGEMENT
			2.3	Election of outside director: Gim Yeong Jin	MGMT	FOR	WITH MANAGEMENT
			2.4	Election of outside director: I Jong Cheon	MGMT	FOR	WITH MANAGEMENT
			2.5	Election of outside director: Go Seung Ui	MGMT	FOR	WITH MANAGEMENT
			2.6	Election of outside director: Gim Yeong Gwa	MGMT	AGAINST	AGAINST MANAGEMENT
			2.7	Election of outside director: I Yeong Nam	MGMT	FOR	WITH MANAGEMENT
			2.8	Election of outside director: Jo Jae Mok	MGMT	FOR	WITH MANAGEMENT
			3.1	Election of audit committee member: I Gyeong Jae	MGMT	AGAINST	AGAINST MANAGEMENT
			3.2	Election of audit committee member:  Bae Jae Uk	MGMT	AGAINST	AGAINST MANAGEMENT
			3.3	Election of audit committee member: Gim Yeong Jin	MGMT	FOR	WITH MANAGEMENT
			3.4	Election of audit committee member: I Jong Cheon	MGMT	FOR	WITH MANAGEMENT
			3.5	Election of audit committee member: Go Seung Ui	MGMT	FOR	WITH MANAGEMENT
			4	Approval of remuneration for director	MGMT	FOR	WITH MANAGEMENT
010130	KOREA ZINC CO LTD	22-Mar-13	��	AGM		Vote For All Proposals		11,179
			1	Approval of financial statements	MGMT	FOR	WITH MANAGEMENT
			2	Election of directors: Choe Chang Geun, I Je Jung, I Gyu Yong, Gim Byeong Bae	MGMT	FOR	WITH MANAGEMENT
			3	Election of audit committee member: Gim Byeong Bae	MGMT	FOR	WITH MANAGEMENT
			4	Approval of remuneration for director	MGMT	FOR	WITH MANAGEMENT
115390	LOCK&LOCK CO LTD	22-Mar-13		AGM		Vote For All except Vote Against 2		107,150
			1	Approval of financial statement	MGMT	FOR	WITH MANAGEMENT
			2	Approval of partial amendment to articles of incorporation	MGMT	AGAINST	AGAINST MANAGEMENT
			3.1	Election of outside director: Hyun Dae Hwang	MGMT	FOR	WITH MANAGEMENT
			3.2	Election of outside director: Jun Suk Do	MGMT	FOR	WITH MANAGEMENT
			4.1	Election of audit committee member: Hyun Dae Hwang	MGMT	FOR	WITH MANAGEMENT
			4.2	Election of audit committee member: Jun Suk Do	MGMT	FOR	WITH MANAGEMENT
			5	Approval of limit of remuneration for directors	MGMT	FOR	WITH MANAGEMENT
036570	NCSOFT CORP	22-Mar-13		AGM		Vote For All Proposals		26,727
			1	Approval of financial statements	MGMT	FOR	WITH MANAGEMENT
			2	Amendment of articles of incorporation	MGMT	FOR	WITH MANAGEMENT
			3	Election of inside directors Bae Jae Hyeon, Jeong Jin Su, Bak Byeong Mu	MGMT	FOR	WITH MANAGEMENT
			4	Election of outside directors Seo Yun Seok, O Myeong	MGMT	FOR	WITH MANAGEMENT
			5	Election of audit committee members Bak Byeong Mu , Seo Yun Seok, O Myeong	MGMT	FOR	WITH MANAGEMENT
			6	Approval of remuneration for director	MGMT	FOR	WITH MANAGEMENT
			7	Grant of stock option	MGMT	FOR	WITH MANAGEMENT
000660	SK HYNIX INC	22-Mar-13		AGM		Vote For All Proposals		143,580
			1	Approval of financial statements	MGMT	FOR	WITH MANAGEMENT
			2	Election of inside director Gim Jun Ho	MGMT	FOR	WITH MANAGEMENT
			3	Approval of remuneration for director	MGMT	FOR	WITH MANAGEMENT
041510	SM ENTERTAINMENT CO	22-Mar-13		AGM		Vote For All Proposals		19,331
			1	Approval of financial statements	MGMT	FOR	WITH MANAGEMENT
			2	Election of inside director: Jung Chang Hwan	MGMT	FOR	WITH MANAGEMENT
			3	Grant of stock option	MGMT	FOR	WITH MANAGEMENT
			4	Approval of remuneration limit for director	MGMT	FOR	WITH MANAGEMENT
			5	Approval of remuneration limit for auditor	MGMT	FOR	WITH MANAGEMENT
021240	WOONGJIN COWAY CO LTD	22-Mar-13		AGM		Vote For All Proposals		28,220
			1	Approval of financial statement	MGMT	FOR	WITH MANAGEMENT
			2	Stock option for directors	MGMT	FOR	WITH MANAGEMENT
			3	Stock option for non-registered directors and auditors	MGMT	FOR	WITH MANAGEMENT
			4	Approval of partial amendment to articles of incorporation	MGMT	FOR	WITH MANAGEMENT
			5	Election of director (1 executive director): Gim Dong Hyeon	MGMT	FOR	WITH MANAGEMENT
			6	Approval of limit of remuneration for directors	MGMT	FOR	WITH MANAGEMENT
			7	Approval of limit of remuneration for auditors	MGMT	FOR	WITH MANAGEMENT
			8	Amendment to retirement benefit plan for directors	MGMT	FOR	WITH MANAGEMENT
122870	YG ENTERTAINMENT	22-Mar-13		AGM		Vote For All except Vote Against 2		3,518
			1	Approval of financial statements	MGMT	FOR	WITH MANAGEMENT
			2	Amendment of articles of incorporation	MGMT	AGAINST	AGAINST MANAGEMENT
			3.1	Election of inside director Yang Min Seok	MGMT	FOR	WITH MANAGEMENT
			3.2	Election of inside director Choe Seong Jun	MGMT	FOR	WITH MANAGEMENT
			4	Election of outside director Bak Sang Hun	MGMT	FOR	WITH MANAGEMENT
			5	Election of auditor Bae Ho Seong	MGMT	FOR	WITH MANAGEMENT
			6	Approval of remuneration for director	MGMT	FOR	WITH MANAGEMENT
			7	Approval of remuneration for auditor	MGMT	FOR	WITH MANAGEMENT
900140	KOLAO HLDGS	27-Mar-13		AGM		Vote For All except Vote Against 2		19,030
			1	Approval of consolidated financial statements	MGMT	FOR	WITH MANAGEMENT
			2	Partial amendment of articles of incorporation	MGMT	AGAINST	AGAINST MANAGEMENT
			3	Partial amendment of articles of incorporation of subsidiary company	MGMT	FOR	WITH MANAGEMENT
			4	Election of outside director: Kim Jong Il	MGMT	FOR	WITH MANAGEMENT
			5	Re-election of auditor: Lee Yang Ho	MGMT	FOR	WITH MANAGEMENT
			6	Approval of remuneration for director	MGMT	FOR	WITH MANAGEMENT
			7	Approval of remuneration for auditor	MGMT	FOR	WITH MANAGEMENT
082270	GEMVAX & KAEL CO LTD	28-Mar-13		AGM		Vote For All Proposals		5,220
			1	Approval of financial statements	MGMT	FOR	WITH MANAGEMENT
			2	Amendment of articles of incorporation	MGMT	FOR	WITH MANAGEMENT
			3.1	Election of inside director: Gim Gi Ung	MGMT	FOR	WITH MANAGEMENT
			3.2	Election of inside director: Gim Gyeong Hui	MGMT	FOR	WITH MANAGEMENT
			3.3	Election of outside director: I Jong Hwan	MGMT	FOR	WITH MANAGEMENT
			4	Grant of stock option	MGMT	FOR	WITH MANAGEMENT
			5	Approval of remuneration for director	MGMT	FOR	WITH MANAGEMENT
			6	Approval of remuneration for auditor	MGMT	FOR	WITH MANAGEMENT
114090	GRAND KOREA LEISURE CO LTD	28-Mar-13		AGM		Vote For All except Vote Against 2		41,780
			1	Approval of financial statements	MGMT	FOR	WITH MANAGEMENT
			2	Approval of remuneration for director	MGMT	AGAINST	AGAINST MANAGEMENT
			3	Approval of remuneration for auditor	MGMT	FOR	WITH MANAGEMENT
079980	HUVIS CORP	29-Mar-13		AGM		Vote For the Proposal		114,270
			1	Approval of limit of remuneration for directors	MGMT	FOR	WITH MANAGEMENT
005440	HYUNDAI GREEN FOOD CO LTD	29-Mar-13		AGM		Vote For All Proposals		146,780
			1	Approval of financial statements	MGMT	FOR	WITH MANAGEMENT
			2	Election of directors candidates: O Heung Yong, Jeong Gyo Seon, I Dong Ho, Bak Hong Jin; election of outside directors candidates: Choe Yeong Sam, O Jong Yun	MGMT	FOR	WITH MANAGEMENT
			3	Election of the member of audit committee, who is the external director. candidates: Choe Yeong Sam, O Jong Yun	MGMT	FOR	WITH MANAGEMENT
			4	Approval of remuneration limit of directors	MGMT	FOR	WITH MANAGEMENT
001800	ORION CORP	29-Mar-13		AGM		Vote For All except Vote Against 3, 4		2,812
			1	Approval of financial statements	MGMT	FOR	WITH MANAGEMENT
			2	Election of directors: I Hwa Gyeong, Gang Won Gi, Choe Pil Gyu, Han Chang Su, O Jae Uk	MGMT	FOR	WITH MANAGEMENT
			3	Approval of remuneration for director	MGMT	AGAINST	AGAINST MANAGEMENT
			4	Approval of remuneration for auditor	MGMT	AGAINST	AGAINST MANAGEMENT
034230	PARADISE CO LTD	29-Mar-13		AGM		Vote For All Proposals		74,320
			1	Approval of financial statements	MGMT	FOR	WITH MANAGEMENT
			2.1	Election of inside director: Jun Phillip	MGMT	FOR	WITH MANAGEMENT
			2.2	Election of inside director: Gim Hongchang	MGMT	FOR	WITH MANAGEMENT
			2.3	Election of outside director: Gim Sangwoo	MGMT	FOR	WITH MANAGEMENT
			3	Approval of remuneration for director	MGMT	FOR	WITH MANAGEMENT
			4	Approval of remuneration for auditor	MGMT	FOR	WITH MANAGEMENT
			5	Amendment of articles of incorporation	MGMT	FOR	WITH MANAGEMENT
			6	Delisting from KOSDAQ under a condition being listed on KSE	MGMT	FOR	WITH MANAGEMENT
114090	GRAND KOREA LEISURE CO LTD	27-May-13		EGM		Vote For the Proposal		18,090
			1	Dismissal of inside director: Chung Hee-Sun	MGMT	FOR	WITH MANAGEMENT
000810	SAMSUNG FIRE & MARINE INS CO	07-Jun-13		AGM		Vote For All except Vote Against 4		13,676
			1	Approval of financial statements	MGMT	FOR	WITH MANAGEMENT
			2	Amendment of articles of incorporation	MGMT	FOR	WITH MANAGEMENT
			3	Election of inside director candidate: Jo Byeong Jin	MGMT	FOR	WITH MANAGEMENT
			4	Election of the member of audit committee, who is not the outside director. candidates: Jo Byeong Jin	MGMT	AGAINST	AGAINST MANAGEMENT
			5	Approval of remuneration for director	MGMT	FOR	WITH MANAGEMENT
005830	DONGBU INSURANCE CO LTD	14-Jun-13		AGM		Vote For All except Vote Against 4		128,800
			1	Approval of financial statements		FOR	WITH MANAGEMENT
			2	Election of director An Hyeong Jun, Gim Seon Jeong, I Su Hyu, Bak Sang Yong		FOR	WITH MANAGEMENT
			3	Election of audit committee member who is an outside director Gim Seon Jeong, Bak Sang Yong		FOR	WITH MANAGEMENT
			4	Election of audit committee member who is not an outside director An Hyeong Jun		AGAINST	AGAINST MANAGEMENT
			5	Approval of remuneration for director		FOR	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/ Masashi Terachi
	Masashi Terachi, President
	(Principal Executive Officer)

Date:  August 28, 2013