MK Electron Co., Ltd. (KOSDAQ:A033160) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares, pursuant to a contract with Shinhan Investment Corp. The purpose of repurchase program is to improve shareholder value and to stabilize stock price.

The program will expire on March 20, 2023. As of September 19, 2022, the company had 918,808 shares in treasury within scope available for dividend and had 446 shares in treasury through other repurchase.