MiCo Ltd. (KOSDAQ:A059090) announces a share repurchase program. Under the program, the company will repurchase up to KRW 4,000 worth of its shares pursuant to a contract with KB Securities. The purpose of the share repurchase is stock price stability and increase in shareholder value.

The repurchase program will expire on November 9, 2022. As of May 9, 2022, the company had 1,504,940 shares within scope available for dividend and had no shares in treasury through other repurchase.