Hanwha Life Insurance Co., Ltd. (KOSDAQ:A052330) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares for a total of KRW 1,952 million, which is based on the closing price of KRW 9,760 per share on December 16, 2014. The company will repurchase its shares through KOSDAQ market.

The purpose of the share repurchase program is to stabilize the share price and to enhance shareholder value, to deliver treasury stocks regarding the exercise of stock warrants. The maximum number of shares that could be repurchased on any day is 20,000 shares. The actual amount of shares to be repurchased may change according to the changes in the stock price.

The share repurchase program is valid until March 17, 2015. As of December 16, 2014, the company had 204,726 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.