Korea Computer Inc. (KOSDAQ:A054040) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares pursuant to a trust agreement with NH Investment & Securities Co. Ltd. The purpose behind the program is to stabilize the stock price and to enhance shareholder value.

The program will continue until February 24, 2023. As of August 24, 2022, the company had 775,656 common shares in treasury through buyback within dividend capacity and had no shares in treasury through other acquisitions.