CASTEC KOREA Co., Ltd. (KOSDAQ:A071850) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of own shares pursuant to a trust agreement with Shinyoung Securities Co., Ltd. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. Repurchases will continue until September 16, 2015.

As of September 16, 2014, the company had no shares in treasury under repurchase within scope available for dividend and 89 shares in treasury under other repurchase category.