Kukbo Design Co. Ltd. (KOSDAQ:A066620) announces a share repurchase program. Under the program, the company will repurchase up to 238,993 shares, for a total of KRW 3,800 million which is based on the closing price of KRW 15,900 per share on January 21, 2016.

Repurchases will be made on the KOSDAQ. The purpose of the program is to stabilize its stock price and increase shareholder's value. The maximum number of shares that the company may repurchase on any day is 23,899 shares.

The actual amount may change according to the changes in the stock price. The program will be valid till April 22, 2016. As of January 21, 2016, the company had no shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.