Hugel, Inc. (KOSDAQ:A145020) announces a share repurchase program. Under the program, the company will repurchase up to KRW 50,000 million worth of its shares pursuant to a contract with NH Investment & Securities. The purpose of the buyback is to stabilize the share price and enhance the shareholder's value.

The plan will be valid up to May 14, 2024. As on November 12, 2023, the company had 1,168,973 shares within scope available for dividend and 2,341 shares in treasury through other repurchase.