ALTEOGEN Inc. (KOSDAQ:A196170) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares under the contract with Korea Investment & Securities Co., Ltd. The purpose of the program is to stabilize stock price and enhance the shareholders' value. The program will be valid till June 12, 2017. As of December 11, 2016, the company had nil shares in treasury under the dividend capacity and nil shares in treasury under other capacities.