Kolon Global Corporation (KOSE:A003070) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares for KRW 2,210 million based on the closing price of KRW 11,050 on December 21, 2015. The shares will be repurchased through exchange.

The purpose behind the program is to improve shareholder value through stock price stabilization. The company will repurchase up to 20,000 shares per day. The repurchase program will continue until March 22, 2016.

As of December 21, 2015, the company has no treasury shares within scope available for dividend and 4,390 common shares and 4,722 other stock in treasury through other buyback.