I3 System Inc. (KOSDAQ:A214430) announces a share repurchase program. Under the program, the company will repurchase up to 35,000 common shares. The estimated price for repurchase would amount to KRW 1,573.25 million, which is based on the market close price of October 31, 2016, of KRW 44,950 per share. The shares will be repurchased on the exchange. The purpose of the program is to enhance the shareholders’ value and stock price stabilization. The company's daily repurchase limit is 3,500 common shares. The program is valid up to February 1, 2017. As of October 31, 2016, the company had nil common shares in treasury under the dividend capacity and 40 common shares in treasury under other capacities.