KAON Group Co., Ltd. (KOSDAQ:A078890) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,500 million worth of its shares, pursuant to a contract with NH Investments & Securities Co., Ltd. The purpose of the program is to stabilize stock price and improve the shareholder value. The program will expire on September 3, 2024.

As of March 3, 2024, the company had 1,099,343 shares in treasury within scope available for dividend and had 22,198 shares in treasury under other capacities.