Samryoong Co., Ltd. (KOSDAQ:A014970) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares for KRW 828 million based on the closing price of company's share on October 16, 2014. Repurchases will be made directly from the KOSDAQ market.

The purpose behind the program is to stabilize the stock price and to enhance shareholder value. The company will repurchase up to 30,000 shares on any one day in the program. Repurchases will continue until January 16, 2015.

As of October 16, 2014, the company has no shares in treasury.