KL-Net Corp. (KOSDAQ:A039420) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 worth of it's shares pursuant contract with Mirae Asset Securities.

The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on October 15, 2024. As of October 15, 2023, the company had 2,052,871 treasury shares within scope available for dividend and no shares in treasury through other repurchase.