Korea United Pharm Inc. (KOSE:A033270) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares pursuant to a trust agreement with Shinhan Bank. The purpose of the program is to improve shareholder value and to stabilize stock price.

The program will expire on July 14, 2023. As of July 14, 2022, the company had 1,400,000 shares in treasury under the dividend capacity and 1,573 shares in treasury under other capacities.