Hyundai Elevator Co., Ltd (KOSE:A017800) announces a share repurchase program. Under the program, the company will repurchase up to KRW 30,000 million worth of its shares, pursuant to a trust contract with Korea Investment & Securities Co., Ltd. The purpose of the program is to enhance shareholder value through stock price stabilization. The program will expire on January 5, 2024.

As of July 5, 2023, the company had 2,354,981 shares in treasury within scope available for dividend and no shares under other acquisition.