Ilooda Co., Ltd (KOSDAQ:A164060) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of shares pursuant to a contract with Samsung Securities. The purpose of the share repurchase is to enhance shareholder value and stabilize stock price.

The repurchase program will expire on September 24, 2022. As of March 23, 2022, the company had 55,268 shares within scope available for dividend and had 2,746 shares in treasury through other repurchase.