Moonbaesteel Co.,Ltd (KOSE:A008420) announces a share repurchase program. Under the program, the company will repurchase up to 162,338 shares. The purpose of the program is to stabilize stock prizes and improve shareholder value.

The program will expire on May 4, 2024. As of February 1, 2024, the company had 282,943 shares in treasury within scope available for dividend and had 909,119 shares in treasury through other repurchase.