Wonpoong Corporation (KOSDAQ:A008370) announces a share repurchase program. Under the program, the company will repurchase up to 220,000 shares pursuant to a contract with Yuanta Securities. The purpose behind the program is to improve shareholder value and to stabilize stock price.

The repurchase program will expire on September 16, 2022. As of June 21, 2022, the company had 440,000 treasury shares within scope available for dividend and no shares in treasury through other repurchase.