Kaonmedia Co, Ltd. (KOSDAQ:A078890) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of own shares pursuant to a contract with Mirae Asset Securities Co., Ltd. The purpose behind the program is to improve shareholder value and to stabilize stock price. The repurchase program will expire on October 3, 2022.

As of March 31, 2022, the company had 664,245 treasury shares within scope available for dividend and 13,246 shares in treasury through other repurchase.