Sunchang Corporation (KOSE:A002820) 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 Samsung Securities Co., Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on September 26, 2020. As of March 25, 2020, the company had 250,537 treasury shares within scope available for dividend and 4,768 shares in treasury through other repurchase.