Woorim Machinery Co., Ltd. (KOSDAQ:A101170) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of shares pursuant to a trust agreement with Daishin Securities Co. Ltd. The purpose of the program is to enhance shareholders' value through stability of stock price.

The share repurchase program is valid until August 19, 2014. As of February 18, 2014, the company had no shares in treasury within dividend limit and had 238 shares in treasury through other acquisition.