Daekyo Co., Ltd. announces an Equity Buyback for KRW 13,000 million worth of its shares.
October 26, 2020 at 03:58 am EDT
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Daekyo Co., Ltd. (KOSE:A019680) announces a share repurchase program. Under the program, the company will repurchase up to KRW 13,000 million worth of its shares under the contract with Mirae Asset Daewoo Co., Ltd. The purpose of the program is to enhance shareholders’ value through stabilizing stock price. The repurchase program will expire on October 29, 2021. As of October 25, 2020, the company had 15,542,114 shares in treasury under the dividend capacity and no shares in treasury under other buyback.
Daekyo Co Ltd is a Korea-based company mainly engaged in the domestic education service and publishing business. The Company operates its business through four segments. The Education Service and Publishing segment provides day home tutoring services and online education services. In addition, it is also involved in the learning center business, educational publishing business, and academy business. The Educational Institution segment is involved in the provision of education programs for early childhood education institutions and afterschool classes. The Overseas Education Business segment is involved in the learning center business, and the provision of day home tutoring services. The Other segment is engaged in the asset and investment management business.
DAEKYO CO., LTD. 
