DCM Corp. (KOSE:A024090) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its own shares pursuant to a contract with Shinyoung Securities Co., Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price.

The repurchase program will expire on February 15, 2024. As of August 7, 2023, the company had 2,277,459 treasury shares within scope available for dividend and no shares in treasury through other repurchase.