Wooree E&L Co., Ltd. (KOSE:A153490) announces a share repurchase program. Under the program, the company will repurchase up to 749,063 shares for KRW 1,999.99 milion. The shares will be repurchased at a price of KRW 2670 per share.

The purpose of the share repurchase program is to stabilize the stock price and improve the shareholders value. The program will commence on October 15, 2013 and continue till January 14, 2014.