Poongsan Holdings Corporation (KOSE:A005810) announces a share repurchase program. Under the program, the company will repurchase up to 148,044 shares. The purpose of the share repurchase is to enhance shareholder value and stabilize stock price.

The repurchase program will expire on March 28, 2022. As of December 27, 2021, the company had 658,872 shares within scope available for dividend and had 15,084 shares in treasury through other repurchase.