Kortek Corporation (KOSDAQ:A052330) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 common shares for KRW 3,705 million, which is based on the market close price of September 20, 2016, of KRW 12,350 per share. The shares will be repurchased on the KOSDAQ stock market. The purpose of the program is to improve the shareholders’ value through stock price stabilization. The company's daily repurchase limit is 30,037 common shares. The actual buyback amount may change upon changes in the stock price. The program is valid up to December 21, 2016. As of September 20, 2016, the company had 404,726 common shares in treasury under the dividend capacity and nil common shares in treasury under other capacities.