Daechang Forging Co., Ltd. (KOSE:A015230) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares. The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on December 21, 2020. As of June 18, 2020, the company had 202,902 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.