DAE-IL Corporation (KOSE:A092200) announces a share repurchase program. Under the program, the company will repurchase up to 222,564 shares for up to KRW 1,085 million, based on the preceding day closing price of KRW 4,875 per share. Such shares will be repurchased on stock exchange.

The purpose behind the program is to stabilize the stock price and enhance shareholder value. The company can repurchase a maximum number of 25,357 shares per day. Repurchases will continue until July 12, 2015.

As of April 9, 2015, the company has no shares in treasury.