Neosem Inc. (KOSDAQ:A253590) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares pursuant to a trust contract with Samsung Securities. The purpose of the program is to enhance shareholder value and stock price stabilization. The program is valid until November 24, 2020. As of May 24, 2020, the company had no shares in treasury within scope available for dividend and 756,300 shares in treasury through other repurchase.