Hwacheon Machinery Co., Ltd. (KOSE:A010660) announces a share repurchase program. Under the program, the company will repurchase up to 1,100,000 shares. The purpose behind the program is to improve shareholder value. The repurchase program will expire on June 16, 2020. As of March 15, 2020, the company had 1,100,000 treasury shares within scope available for dividend and no shares in treasury through other repurchase.