Keum Kang Steel Co., Ltd. (KOSDAQ:A053260) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares pursuant to a contract with Woori Bank. The purpose of the program is for protection of investors and to stabilize stock price.

The program will expire on December 12, 2023. As of December 11, 2022, the company had 2,182,782 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.