Chong Kun Dang Pharmaceutical Corp. (KOSE:A185750) announces a share repurchase program. Under the program, the company will repurchase up to KRW 15,000 million worth of its shares, pursuant to a trust contract with KB Securities co.Ltd. The purpose of the program is to stabilize stock price and enhance the value of shareholders.

The program will expire on January 22, 2025. As of January 22, 2024, the company had 381,024 shares in treasury within scope available for dividend and had 68,318 shares in treasury under other acquisitions.