Meerecompany Inc. (KOSDAQ:A049950) announces a share repurchase program. Under the program, the company will repurchase up to KRW 500 million worth of its shares pursuant to a trust agreement with Daewoo Securities Co. Ltd. The purpose behind the program is to stabilize stock price and improve investment value.

Repurchases will continue until June 23, 2015. As of June 23, 2014, the company has 793,690 shares in treasury through buyback within dividend capacity and no shares in treasury through other acquisitions.