Samhwa Networks Co. Ltd. (KOSE:A046390) announces a share repurchase program. Under the program, the company will repurchase KRW 3,000 million worth of shares under the contract with NH Investment & Securities Co., Ltd. The purpose of the repurchase program is to stabilize share prices and to enhance shareholder value.

The repurchase program will end on February 29, 2016. As of August 26, 2015, the company has 1,485,471 shares within scope available for dividend and no treasury stock through other buyback.