Moonbaesteel Co.,Ltd (KOSE:A008420) announces a share repurchase program. Under the program, the company will repurchase up to 304,414 shares. The purpose of the share repurchase is stock price stability and shareholder value enhancement.

The repurchase program will expire on March 22, 2023. As of December 21, 2022, the company had no shares within scope available for dividend and had 909,119 shares in treasury through other repurchase.