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N-PX 1 efc14-629_fmnpx.htm UNITED STATES

SECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENTINVESTMENT COMPANY

Investment Company Act file number 811-08002

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

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. Yutaka ItabashiWorldwide Plaza

19th Floor309 West 49th StreetNew York, NY 10019

(Name and address of agent for service)

Date of fiscal year end:

October 31

Date of reporting period:

July 1, 2013 – June 30, 2014

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9/2/2014http://www.sec.gov/Archives/edgar/data/912023/000090514814000630/efc14-629_fmnpx.h...

PROXY VOTING REPORTFOR THE PERIOD JULY 1, 2013 TO JUNE 30, 2014

KOREA EQUITY FUNDSEC.

ID COMPANY NAME MTGDATE DETAILS PROPOSED

BYVOTECAST

WITH/AGAINST MGMT SHARES

035250 KANGWON LAND INC

25-Jul-13

EGM 23,830

1.1 Election of non-executive Director: Im Seong Hwan

MGMT AGAINST AGAINST MANAGEMENT

1.2 Election of outside Director: Bak Su Hun, Jeon G Yong Gi, Choe Myeong Seo


2 Election of audit committee member: Bak Su Hun

MGMT FOR WITH MANAGEMENT

028050 SAMSUNG ENG CO LTD

17-Sep-13

EGM 35,435

1 Election of director Bak Jung Heum


029780 SAMSUNG CARD CO LTD

28-Jan-14

EGM 60,050

1 Election of inside director candidate: Won Gi Chan


000810 SAMSUNG FIRE & MAR INS

28-Jan-14

EGM 11,249

1 Election of inside director candidate: Ahn Min Soo


032830 SAMSUNG LIFE INS CO

28-Jan-14

EGM 23,734

1 Election of inside director Gim Chang Soo


005830 DONGBU INS CO LTD

14-Mar-

14

AGM 86,070



1 Approval of financial statements


2 Amendment of articles of Incorp.


3 Election of director Gim Seon Jeong, I Su Hyu, Bak Sang Yong


4 Election of audit committee member who is an outside director Gim Seon Jeong, Bak Sang Yong


5 Approval of remuneration for director


012330 HYUNDAI MOBIS 14-Mar-

14

AGM 32,994

1 Approve Financial Statements, Allocation of Income, and dividend of KRW 1,950 per Share


2 Election of director Jeong Ui Seon, Jeong Myeong Cheol, I Tae Un, I Byeong Ju


3 Election of audit committee member I Tae Un, I Byeong Ju







BYVOTECAST




005380 HYUNDAI MOTOR CO

14-Mar-

14

AGM 8,055

1 Approve Financial Statements, Allocation ofIncome, and Dividend of KRW 1,950 per Share


2 Election of inside director candidate: Jeong MongGu; Election of outside director candidate: Oh SeBin


3 Election of the member of audit committee, whois the external director candidate: Oh Se Bin


4 Approval of remuneration limit of directors


122900 IMARKETKOREA INC

14-Mar-

14

AGM 47,320



2.1 Election of inside director I Gi Hyeong


2.2 Election of inside director I Sang Gyu


2.3 Election of a non-permanent director Gang DongHwa


2.4 Election of outside Director Ryu Jae Jun


2.5 Election of outside MGMT FOR WITH



director Gim Min Hwan

MANAGEMENT



4 Approval of remuneration for auditor


005490 POSCO 14-Mar-

14

AGM 2,980

1 Approval of financial statement


2.1.1 Election of outside director: Il Sub Kim


2.1.2 Election of outside director: Woo Young Sun


2.1.3 Election of outside director: Dong Hyun An


2.2.1 Election of audit committee member: Il Sub Kim


2.2.2 Election of audit committee member: Woo YoungSun


2.3.1 Election of inside director: Oh Jun Kwon(Representative Director)


2.3.2 Election of inside director: Jin Il Kim


2.3.3 Election of inside director: Young Hoon Lee


2.3.4 Election of inside director: Dong Jun Yoon


3 Approval of limit of remuneration for directors







BYVOTE CAST


029780 SAMSUNG CARD CO LTD

14-Mar-

14

AGM 60,050



2 Amendment of the articles of incorporation


3 Election of inside directors candidates: HyeonSeong Cheol, Jeong Tae Mun; Election ofoutside directors candidates: Ha Yeong Won,Cha Eun Yeong, Yang Seong Yong


4 Election of the member of audit committee, whois the inside director. Candidate: Jeong Tae Mun;Election of the members of audit committee, whoare the outside directors. Candidates: Ha YeongWon, Cha Eun Yeong


5 Approval of remuneration limit of directors


005930 SAMSUNG ELECTRONICS CO LTD

14-Mar-

14

AGM 9,328

1 Approve MGMT FOR WITH



financial statements, allocation ofincome, and dividend

MANAGEMENT

2 Approve total remuneration of inside directorsand outside directors


000810 SAMSUNG FIRE & MAR INS

14-Mar-

14

AGM 11,249

1 Approval financial statements


2 Election of outside director candidate: Shin DongYeob


3 Approve total remuneration of inside directorsand outside directors


010140 SAMSUNG HEAVY INDS

14-Mar-

14

AGM 34,400



2 Election of director candidates: Yoon Yeong Ho,Shin Jong Gye


3 Election of audit committee member candidate:Gwak Dong Hyo




032830 SAMSUNG LIFE INS CO

14-Mar-

14

AGM 23,734








BYVOTECAST


2 Election of directors: Inside director candidates:Choi Sin Hyeong, Gwak Hong Ju; Outsidedirector candidates: Lee Jong Nam, Park BongHeum, Jeong Jong Seob


3 Election of audit committee member who areoutside director candidates: Lee Jong Nam, KimDu Cheol




111770 YOUNGONE CORP 14-Mar-

14

AGM 59,094



2 Amendment of articles of incorporation


3.1 Election of inside director candidate: Lee HeungNam


3.2 Election of inside director candidate: I Yeong Hoe


3.3 Election of outside director candidate: Yun JeCheol




4.1 Election of audit committee member candidate:Seon Jun Yeong


4.2 Election of audit committee member candidate:William E. Ferry


4.3 Election of audit committee member candidate:Yoon Je Cheol




068400 AJ RENT-A-CAR CAR

21-Mar-

14

AGM 97,090









035150 BAIKSAN CO LTD 21-Mar-

14

AGM 28,420



2 Election of auditor: Jo Yeong U






035760 CJ O SHOPPING 21-Mar-

14

AGM 3,448






BYVOTECAST




2.1 Election of inside director: Hae Sun Lee


2.2 Election of inside director: Dong Sik Byun


2.3 Election of inside director: Min Hui Heo


2.4 Election of inside director: Hun Heo


2.5 Election of outside director: Jae Cheon Kim


3 Election of audit committee member: Jae CheonKim




021240 COWAY CO LTD 21-Mar-

14

AGM 54,760



2 Approval of stock option for directors


3 Approval of stock option for non-registereddirectors


4 Approval of partial amendment to articles ofincorporation




5 Election of outside director Choe In Beom, I JunHo




7 Approval of limit of remuneration for auditors


042670 DOOSAN INFRACORE CO

21-Mar-

14

AGM 53,720





3 Election of audit committee member: Yun Se Ri




5 Grant of stock option


6 Approval of split off


123330 GENIC CO LTD 21-Mar-

14

AGM 1,086

1 Approval of financial statement (stock div:0.0930921 Per SHS)


2 Election of inside director: Hyun Oh You


3.1 Election of auditor: Young Tae Shin


3.2 Election of auditor: Mi Sun Yum


4 Approval of limit of remuneration




for directors5 Approval of

limit of remuneration for auditors





KOREA EQUITY FUND

SEC. ID COMPANY NAME MTG

DATE DETAILSPROPOSED

BYVOTECAST


121440 GOLFZON CO LTD 21-Mar-

14

AGM 50,900





3.1 Election of director candidate: Kim Yeong Chan


3.2 Election of director candidate: Kim Jun Hwan


4 Election of auditor candidate: Jang Hyeon Su






007070 GS RETAIL CO LTD

21-Mar-

14

AGM 17,800



2.1 Election of inside director: Seung Jo Heo


2.2 Election of inside director: Yeon Su Heo


2.3 Election of outside director: Dong Gyu Shin


2.4 Election of outside director: Gyung Sang Lee


2.5 Election of outside director: Dong Hoon




Kim3.1 Election of audit

committee member: Dong GyuShin


3.2 Election of audit committee member: GyungSang Lee


3.3 Election of audit committee member: Dong HoonKim




086790 HANA FINANCIAL GRP

21-Mar-

14

AGM 26,230



2 Approval of statement of appropriation of retainedearnings




4.1 Election of outside directors Choe Gyeong Gyu,Yun Jong Nam, Song Gi Jin, Jeong ChangYeong, Gim In Bae


4.2 Election of audit committee members who areoutside directors Choe Gyeong Gyu, Yun JongNam, Song Gi Jin, Jeong Chang Yeong, Gim InBae








ID COMPANY NAME MTG DATE DETAILS PROPOSED

BYVOTECAST


119610 INTEROJO CO LTD 21-Mar-

14

AGM 89,143

1 Approval of financial statement (cash div: KRW70 per SHS)


2 Approval of partial amendment to articles ofincorporation






5 Approval of stock option for staff


000270 KIA MOTORS CORP

21-Mar-

14

AGM 28,700



2 Election of Directors: I Sam Ung, Hong HyeonGuk and I Du Hui


3 Election of audit committee member: HongHyeon Guk and I Du Hui


4 Approval of remuneration for Director


010130 KOREA ZINC CO LTD

21-Mar-

14

AGM 11,360



2 Election of director MGMT FOR WITH



Jang Hyeong Jin, Choe YunBeom, Gim Jong Sun, Ju Bong Hyeon, Choe GyoIl

MANAGEMENT

3 Election of audit committee member Gim JongSun, I Gyu Yong




024950 SAMCHULLY BICYCLE CO

21-Mar-

14

AGM 45,692



2 Election of inside director: Suk Hwan Kim






000660 SK HYNIX INC 21-Mar-

14

AGM 264,500



2.1 Election of inside director: Hyung Gyu Lim


2.2 Election of outside director: Jong Won Choi






IDCOMPANY NAME MTG

DATEDETAILS PROPOSED

BYVOTECAST

WITH/AGAINST MGMT

SHARES

3 Election of audit committee member as outsidedirector: Jong Won Choi




5 Approval of amendment on retirement benefitplan for directors


136540 WINS TECHNET CO LTD

21-Mar-

14

AGM 30,707





3.1 Election of inside director Gim Dae Yeon


3.2 Election of inside director Gim Eul Jae


3.3 Election of inside director I In Haeng


3.4 Election of inside director Gim Nam Uk


3.5 Election of outside director Sin Jong Yeong


3.6 Election of outside director I Seong Hae


4.1 Election of audit committee member who is anoutside director Sin Jong Yeong


4.2 Election of audit committee member who is anoutside director I




Seong Hae4.3 Election of audit

committee member who is aninside director Kim Nam Wook




115390 LOCK&LOCK CO LTD

24-Mar-

14

AGM 107,150





3.1 Election of inside director: Gim Jun Il


3.2 Election of inside director: Gim Gwang Tae


3.3 Election of outside director: I Won Uk


4 Election of audit committee member: I Won Uk




105630 HANSAE CO LTD 25-Mar-

14

AGM 23,500

1 Approval of financial statement.(expected cashdiv: KRW 150 per share, 30 PCT of face value)




3 Election of outside director.(1): Gim Jung Jae







BYVOTECAST


4 Election of audit committee members: Gim Jung Jae


055550 SHINHAN FINANCIAL GRP

26-Mar-

14

AGM 95,820



2.1 Appointment of executive director candidate : Mr. Dong Woo Han


2.2 Appointment of outside director candidate : Mr. Taeeun Kwon


2.3 Appointment of outside director candidate : Mr. Kee Young Kim


2.4 Appointment of outside director candidate : Mr. Seok Won Kim


2.5 Appointment of outside director candidate : Mr. Hoon Namkoong


2.6 Appointment of outside director candidate : Mr. Man Woo Lee


2.7 Appointment of outside director candidate : Mr. Sang Kyung Lee


2.8 Appointment of outside director candidate : Mr. Jin Chung


2.9 Appointment of outside director candidate : Mr.




Haruki Hirakawa2.10 Appointment of

outside director candidate : Mr. Philippe Aguignier


3.1 Appointment of audit committee member candidate : Mr. Taeeun Kwon


3.2 Appointment of audit committee member candidate : Mr. Seok Won Kim


3.3 Appointment of audit committee member candidate : Mr. Man Woo Lee


3.4 Appointment of audit committee member candidate : Mr. Sang Kyung Lee


4 Approval of director remuneration limit


033500 DONGSUNG FINETEC CORP

27-Mar-

14

AGM 151,605





3.1 Election of inside director: Bak Chung Yeol







BYVOTECAST


3.2 Election of inside director: Han Sang Deok


3.3 Election of outside director: Gim Seong Jin


4 Election of auditor: Bak Yeong Jae






7 Amendment of articles on retirement allowance for director


042660 DAEWOO SHIPBLDG & MAR

28-Mar-

14

AGM 62,100





3 Election of director: candidate of inside director: Yi Young Je; candidate of outside director: Han Gyeong Taek


4 Election of audit committee member candidates:Han Gyeong Taek, Yi Young Je


5 Approval of MGMT FOR WITH



remuneration for director

MANAGEMENT

6 Amendment of articles on retirement allowance for director


005440 HYUNDAI GREEN FOOD CO LTD

28-Mar-

14

AGM 210,920



2 Election of directors Jeong Ji Seon, Jang Ho Jin, Gim Byeong Jun, Seo Seong Ho, Bak Seon Gyu


3 Election of audit committee member Bak Seon Gyu






099190 I-SENS INC 28-Mar-

14

AGM 12,212



2 Election of outside director: Song Yeong Chul


3 Election of auditor: Kenneth Steven Park






6 Grant of stock option


035250 KANGWON LAND 28- AGM 23,830



INC Mar-14






BYVOTECAST


1 Approval of financial statement.(Cash div: KRW 730 per SHS)


2 Approval of partial amendment to articles of incorporation


3.1 Election of a non-permanent director Choe Jung Hun, Jo In Muk


3.2 Election of outside director Gim Ho Beom, Ban Jong Gu, Yu Myeong Ho, Jeon Hyeon Cheol, Jo Jang Hyeon


4 Election of audit committee member who is an outside director Ban Jong Gu, Jeon Hyeon Cheol




105560 KB FINANCIAL GRP INC

28-Mar-

14

AGM 31,170



2.1 Election of outside director Jo Jae Ho


2.2 Election of outside director Gim Myeong Jik


2.3 Election of outside director Sin Seong Hwan


2.4 Election of MGMT FOR WITH



outside director I Gyeong Jae

MANAGEMENT

2.5 Election of outside director Gim Yeong Jin


2.6 Election of outside director Hwang Geon Ho


2.7 Election of outside director I Jong Cheon


2.8 Election of outside director Go Seung Ui


3.1 Election of audit committee member who is an outside director Sin Seong Hwan


3.2 Election of audit committee member who is an outside director I Gyeong Jae


3.3 Election of audit committee member who is an outside director Gim Yeong Jin


3.4 Election of audit committee member who is an outside director I Jong Cheon


3.5 Election of audit committee member who is an outside director Go Seung Ui




900140 KOLAO HLDGS 28-Mar-

14

AGM 49,681






KOREA EQUITY FUND

SEC. ID COMPANY NAME MTG

DATE DETAILS PROPOSEDBY

VOTE

CASTWITH/AGAINST

MGMT SHARES

2 Approval of partial amendment to articles of incorporation






5 Approval of stock option for staff


036570 NCSOFT CORP 28-Mar-

14

AGM 28,125



2 Election of inside director I Hui Sang




014620 SUNG KWANG BEND CO

28-Mar-

14

AGM 27,024



2 Approval of dividend. Total amount of expected dividend: KRW 4,290,000,000; Cash dividend: KRW 150 per SHS


3.1 Election of inside director: Kab Won Ahn


3.2 Election of inside director: Jae Il Ahn




5 Approval of limit of remuneration for




auditors

074600 WONIK QNC CORP

28-Mar-

14

AGM 33,696



2 Approval of partial amendment to articles of incorporation (election of auditors)


3 Election of inside director: Geun Won Park


4 Election of executive auditor: Ki Tack Bang








SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to besigned on its behalf by the undersigned, thereunto duly authorized.

Korea Equity Fund, Inc.

Date: August 28, 2014

By:/s/ Yutaka ItabashiYutaka Itabashi, President

(Principal Executive Officer)



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