KOREIT (KOSE:A034830) announces a share repurchase program. Under the program, the company will repurchase up to KRW 20,000 million worth of own shares pursuant to a contract with Daishin Securities Co., Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on March 15, 2022. As of March 15, 2020, the company had 13,791,989 treasury shares within scope available for dividend and no shares in treasury through other repurchase.