Hyundai Elevator Co., Ltd (KOSE:A017800) announces a share repurchase program. Under the program, the company will repurchase up to KRW 50,000 million worth of its shares, pursuant to a trust contract with MIRAE ASSET SECURITIES.CO., LTD. The purpose of the program is to enhance shareholder value through stock price stabilization. The program will expire on March 21, 2024.

As of September 21, 2023, the company had 3,064,134 shares in treasury within scope available for dividend and no shares under other acquisition.