MediaRights Launches the Fifth Annual MEDIA THAT MATTERS FILM FESTIVAL at BAMcinematek and Online June 1 Presented by Loreto Bay Company

Tickets to the June 1 premiere screenings at BAMcinematek are
$10 and are available at the BAM Box Office (718. A vote on the
WHITE proxy card in favor of the proposals and to WITHHOLD AUTHORITY on
directors will help us achieve that.

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com . Guest presenters
include Clay Shirky, internet culture commentator, and Robert McChesney, media
reform author and activist.,
FOR a proposal recommending that the Board of Directors take all necessary
steps to liquidate the Fund and to WITHHOLD AUTHORITY for each of the Fund's
nominees for election to the Board of Directors.

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We can't wait to bring
these vital perspectives to audiences around the country. Additionally,
Netflix is providing 6-month subscriptions to their online DVD rental service
to all 16 filmmaking teams.m.

We recommend a vote to withhold for the election of the fund's nominees
for reelection to the board, because ultimately , management of the
discount and Nomura's performance falls under the board's purview.

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The fifth annual MEDIA THAT MATTERS FILM FESTIVAL is produced by
MediaRights, an organization dedicated to maximizing the impact of social-
issue documentaries by connecting filmmakers, educators, nonprofits and youth.
Also on June 1st, all sixteen festival films will begin streaming online
for a full year at http://www.

Arts Engine, Inc.

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SPECIAL LAUNCH EVENTS HELP KICKOFF THE FESTIVAL

On Thursday, May 26th comedian Sam Seder, co-host of Air America Radio's
"Majority Report," will host an awards ceremony for the filmmakers at HBO's
Manhattan headquarters ."

ON JULY 7, 2005, HARVARD MAILED PROXY MATERIALS TO ALL SHAREHOLDERS OF
KOREA EQUITY FUND. YOU MAY OBTAIN A FREE COPY OF PROXY THE PROXY STATEMENT AND
OTHER PROXY MATERIALS AT THE SEC 'S WEBSITE (http://WWW.

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636. Ms.
Other festival sponsors include: Activators - Green Mountain Coffee
Roasters Foundation, Netflix, Utne magazine; Motivator - HBO; Celebrators -
Paola Freccero, Frank Marshall, Marcia Brady Tucker Foundation, Oxfam America;
Initiators - DEKK, Docurama, Alexander Summer Family Foundation, Filmmaker
Magazine, Time Warner Inc; Underwriting from - National Endowment for the
Arts, Third Millennium Foundation, W.SEC.

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A jury of media professionals, activists and filmmakers met in February to
choose the sixteen official selections that make up this year's slate of films
out of a pool of over four hundred and fifty submissions from around the
country ., a nonprofit
organization.org
or call 646-230-6288. BOSTON, Sowood Capital Management LP , investment
manager to President and Fellows of Harvard College announced today that
Institutional Shareholder Services ("ISS") has recommended to its clients that
stockholders of Korea Equity Fund , Inc. Therefore, terminating the investment advisory
agreement seems to be the right course of action.

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Noteworthy this year is a large number of films made by teenagers:
Battleground Minnesota, All That I Can Be, Homecoming, Bad Choices, Happy
Ending and Neglected Sky.m. ISS serves more than 1,300
institutional and corporate clients worldwide with its core business-analyzing
proxies and issuing informed research and objective vote recommendations for
more than 33,000 companies across 115 markets worldwide. In the new environment, the fund may find it more
difficult to return its shares price NAV even after South Korean
political and economic volatility subsides.COM .

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All sixteen films will be honored with awards and
$10,000 in cash grants will be distributed to select filmmakers.org .mediarights.

ISS Recommends A Vote 'FOR' proposals to Terminate the Management Agreement and Recommend Liquidation of Korea Equity Fund

In addition, if your site is more oriented towards educating the public in how to consume the media in general, it should be submitted to Media Literacy.

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, and audiences will have an opportunity to meet filmmakers
and get involved with the issues at a Take Action table in the theatre lobby.K. vote "FOR" the termination of the
Management Agreement between the Fund and Nomura Asset Management U.
The proposals to terminate the Management Agreement and recommend
liquidation of Korea Equity Fund have been submitted by President and Fellows
of Harvard College for consideration at the Fund's annual meeting, which is
scheduled for August 10, 2005.

There is a fine line between having a site that criticizes a specific source and one that promotes activism in opposition to it.

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net) and teen filmmakers from Manhattan
Neighborhood Network 's Youth Channel.)

DIVERSE FILMMAKERS

The sixteen festival shorts were produced by independent filmmakers from
around the United States as well as some from Canada and the U.K.

Other events include an invitation-only VIP Party for festival supporters
at DEKK in Tribeca on the evening of Wednesday, May 25 and the "Media In
Action Coalition-Building Workshop" at the International Center for Tolerance
Education in DUMBO on Friday, May 27.
Principal Partner - Human Rights Watch International Film Festival;
Additional partners - Association of Independent Video and Filmmakers,
Alliance for a Media Literate America, Bay Area Video Coalition, Center for
Social Media, Creative Commons, Magnatune, National Council of Teachers of
English.

This category is for two kinds of sites.

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"We were thrilled to double our number of submissions from last year ,"
said Katy Chevigny, Executive Director of Arts Engine, Inc.
Filmmakers include teenager Chris Johnson, aka Shakademic, a hip-hop artist
from Minneapolis, who talks politics and music with former Vice President
Walter Mondale in his film Battleground Minnesota; agricultural activist
Johanna Divine, a W. supports, produces, and distributes independent media of
consequence and promotes the use of independent media by advocates, educators
and the general public. Inc. AT (800) 322-2885 (TOLL=FREE) OR (212) 929-5500 (CALL
COLLECT) OR VIA E-MAIL AT PROXY@MACKENZIEPARTNERS.

It also should also be submitted to Media: Public Interest.

webblog uphold

"There is an
increasing demand for independent media , and we've found the most
entertaining, timely and innovative work out there. Kellogg Foundation; Additional
underwriting from - Benton Foundation, Expedia Media LLC, Lucius and Eva
Eastman Fund , New York State Council on the Arts.GOV) OR BY CONTACTING
MACKENZIE PARTNERS, INC.

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Active
partnerships will be established and participants will walk away with concrete
ideas for collaborative events and actions that harness the power of the Media
That Matters Film Festival films.

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HBO's Manhattan
headquarters will also host a VIP awards ceremony celebrating the winning
filmmakers work on May 26.movietickets. Filmmakers will present their work and their goals for
making an impact, while the nonprofits will identify tactics through which
they can utilize the films to reach new audiences and galvanize their
constituencies. Educators will explore ways in which the films can enhance
their curricula and inspire their students to become engaged citizens. Visitors to the site
will be able watch the films and take action via links that empower them to
volunteer, sign petitions, write to Congress, or donate to key organizations. More than 30,000 users
visit MediaRights each month making the site one of the most vibrant online
centers for community/filmmaker collaborations.

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They include
a mix of men and women, adults and youth, African-Americans, Latino-Americans
and Asian-Americans , and gay, straight and transgender individuals. McLachlan is expected to accept her award via
remote video conferencing.issproxy.

Jeff Larson of Sowood had the following comment: "We are gratified that
ISS, a neutral and respected outside observer, after careful consideration,
supports our efforts to achieve change at Korea Equity Fund.

The second are the ones that protest specific media sources.

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Participating organizations include
Indyvoter, Free Press, New Visions for Public Schools .

FESTIVAL SPONSORS

The Presenting Sponsor of the fifth annual Media That Matters Film
Festival is Loreto Bay Company.
MediaRights promotes the exhibition of documentaries in non -traditional venues
and puts filmmakers in touch with new audiences. Equipped with the nation's
most comprehensive database of politically and socially engaged films and
videos, MediaRights provides educators and activists with the tools they need
to create video curricula, curate audio/visual collections and use film more
effectively in the classroom and in lobbying campaigns. (Source:
http://www .

However, if your site is more of a critical examination of a media source (or sources) than an activist one, it should be submitted to Media: Analysis and Opinion.

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The festival is presented by Loreto Bay Company, a real estate developer
dedicated to sustainability. MediaRights and the Media That
Matters Film Festival are projects of Arts Engine, Inc.

ABOUT ARTS ENGINE, INC. By fostering the production and use of independent
film, video and new media, Arts Engine connects media makers and active
audiences in order to spur critical consideration of pressing social issues. We are long-term
shareholders committed to the creation of shareholder value."
Jeff Larson continued, "All shareholders of Korea Equity Fund should take
the time to send in their WHITE proxy cards and make sure their vote is
counted and their voice is heard.

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(Please see official selections
below for full descriptions of festival films and awards.K.

ABOUT MEDIARIGHTS

The Media That Matters Film Festival is produced by MediaRights, an
organization that builds the capacity of community organizations and
filmmakers to reach, teach, activate, and educate their constituencies .

ISS is the world's leading provider of proxy voting and corporate
governance services with 20 years of experience.com)
In recommending that its clients vote "FOR" Harvard 's proposals and to
"WITHHOLD AUTHORITY " on the Fund's nominees directors, ISS concludes:

The fund's performance has improved over the last several years but
still falls short of competitors like Korea Fund and iShares MSCI South
Korea Index Fund.

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An encore screening will take place the same night at 9:20 p.
The site will include a highly-trafficked news blog (over 500,000 visits last
year) that will connect the films to current events and alert visitors about
upcoming screenings, new resources and opportunities to take action throughout
the year.
For more information about MediaRights, visit http://www.

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S. The emergence of ETFs
have increased the supply of investment vehicles covering South Korea
and therefore may have systematically undermined the market performance
of closed-end funds.

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The festival includes a year -long program of web streaming, DVD
distribution and screenings around the country intended to connect audiences
to inspiring, independently and youth-produced short films that spark debate
and action . The jury included Morgan Spurlock, Director of Super Size Me, Tia
Lessin, Producer of Fahrenheit 9/11 and Sean Wilsey of McSweeney's, as well as
librarian Jessamyn West (Librarian.
At the Wednesday, June 1 premiere at BAMcinematek, the films will be
screened at 7 p.MediaThatMattersFest .

The first are sites that utilize media to promote grassroots social activism.

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Sam Seder of Air America Radio's 'Majority Report'
Hosts Awards Ceremony at HBO May 26

Netflix, Green Mountain Coffee Roasters Foundation, Utne Magazine and Others
Sponsor Yearlong Outreach and Distribution Campaign for Festival's Inspiring
Short Films

NEW YORK, MediaRights, a Project of Arts Engine,
launches its fifth annual MEDIA THAT MATTERS FILM FESTIVAL with premiere
screenings at BAMcinematek and an online launch June 1.

4100) or through
http://www.
The "Media in Action Coalition-Building Workshop" is a day-long workshop
connecting festival filmmakers with nonprofit workers and educators working
for social change.

Also, if your site promotes the 'public interest' generally, and is not tied to any specific issue, it may belong here.

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Sixteen provocative, short, social-issue films make
up this year's festival and range from fast-paced musical animations to
insightful personal documentaries that offer new perspectives on the war in
Iraq, racial identity, global warming, gay rights, civil liberties,
sustainable agriculture/development, drug addiction and more."

DIVERSE TOPICS

The sixteen short films tackle topics such as: politics and civic
engagement (Battleground Minnesota, Pizza Surveillance Feature), the war in
Iraq and military recruitment (All That I Can Be), media policy and the
digital divide (The News Is What We Make It, Laptop), gay rights (A Girl Named
Kai, Homecoming), juvenile justice (Bad Choices, System Failure), drug
addiction (Happy Ending), global warming and transportation alternatives
(Neglected Sky, Fast and Reliable), sustainable agriculture/development (Young
Agrarians , World on Fire, The Luckiest Nut in the World) and racial identity
and tolerance (Something Other Than Other). Kellogg Foundation Food and Society Fellow from
Flagstaff, Arizona who profiles the next generation of farmers in Young
Agrarians; Canadian singer/songwriter Sarah McLachlan whose music video World
on Fire is a call to invest in development in impoverished countries.