Hojeon Limited (KOSE:A111110) announces a share repurchase program. Under the program, the company will repurchase up to KRW 7,000 million worth of its shares pursuant to a trust contract with NH Investment & Securities Co., Ltd. The purpose of the program is to improve the shareholder value and to stabilize stock price. The repurchase program is valid until March 19, 2018. As of September 18, 2017, the company had no shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.