Korea United Pharm Inc. (KOSE:A033270) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares for a total of KRW 5,415 million, which is based on the closing price of the shares on September 8, 2016. The company will repurchase its shares through the Stock Exchange. The purpose of the share repurchase program is to stabilize the share price. The maximum number of shares that the company may repurchase on any day is 30,000 shares. The actual buyback amount may change upon changes in the stock price. The share repurchase program is valid until December 9, 2016. As of September 8, 2016, the company had 800,000 shares in treasury within scope available for dividend and had 1,573 shares in treasury through other repurchase.