Namsung Corp. (KOSE:A004270) announces a share repurchase program. Under the program, the company will repurchase up to 1,000,000 shares, pursuant to a contract with Kyobo Securities Co., Ltd. The purpose of the program is to improve shareholder value for stabilization of stock. The plan will expire on January 30, 2019. As of October 29, 2018, the company had 8,801,532 shares in treasury within scope available for dividend and had 0 shares in treasury under other capacities.