Hankuk Carbon Co., Ltd. (KOSE:A017960) announces a share repurchase program. Under the program, the company will repurchase up to 1,640,000 shares for a total of KRW 10,168 million, which is based on the closing price of KRW 6,200 per share on July 30, 2015. Repurchases will be made on the stock exchange.

The purpose of the program is to improve shareholder value through stock price stabilization. The maximum number of shares that the company may repurchase on any day is 164,000 shares. The program will expire on October 31, 2015.

As of July 30, 2015, the company had 1,250,000 shares in treasury within dividend capacity and had no shares in treasury through other buybacks.