Webzen Inc. (KOSDAQ:A069080) announces a share repurchase program. Under the program, the company will repurchase up to 480,000 shares. The purpose of the program is to enhance the shareholders value through stabilization of stock prices.

The repurchase program will expire on August 9, 2022. As of May 8, 2022, the company had 1,729,760 shares in treasury with in the scope available for dividend and 3,634,309 shares in treasury through other repurchase.