Neopharm Co Ltd (KOSDAQ:A092730) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of shares under a contract with Hanwha Investment & Securities Co., Ltd. The company is repurchasing its shares for stock price stability and enhancement of shareholder value. The program will run till February 9, 2015.

As of February 9, 2014, the company had 218,661 shares under treasury stock repurchased within scope available for dividend and no shares in treasury from other repurchases.