KCTC Co. Ltd (KOSE:A009070) announces a share repurchase program. Under the program, the company will repurchase up to KRW 500 million worth of its shares pursuant to a contract with Hana Securities Co., Ltd. The purpose of the share repurchase is to stabilize stock price and increase shareholder value.

The repurchase program will expire on April 3, 2033. As of April 2, 2023, the company had no shares within scope available for dividend and had no shares in treasury through other repurchase.