Korea United Pharm Inc. (KOSE:A033270) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares. The estimated price for repurchase would amount to KRW 5,250 million which is based on the closing stock price as of November 2, 2015.

The shares will be repurchased on the exchange. The purpose of the program is to stabilize the treasury share price. The company's daily repurchase limit is 30,000 common shares.

The program is valid up to February 3, 2016. As of November 2, 2015, the company had 500,000 common shares in treasury under the scope available for dividend and 1,573 common shares in treasury under other capacities.