Korea Equity Fund, Inc. is a closed-end equity mutual fund launched by Nomura Asset Management U.S.A. Inc. It is managed by Nomura Asset Management Co., Ltd., Nomura Asset Management Hong Kong Limited, and Nomura Asset Management Singapore Limited. It invests in the public equity markets of South Korea. The fund makes its investments in equity securities across diversified sectors. It invests primarily in value stocks of companies across all market capitalizations. The fund also looks for stocks that have the potential for re-rating due to their focus on restructuring with particular focus on high dividend paying stocks. It benchmarks the performance of its portfolio against the Korea Composite Stock Price Index. The fund was formed on September 7, 1993 and is domiciled in the United States.