Samyang Foods Co., Ltd. (KOSE:A003230) announces a share repurchase program. Under the program, the company will repurchase up to KRW 7,000 million worth of its shares pursuant to a contract with Korea Investment & Securities. The purpose of the program is to enhance the shareholders value and compensation for management performance of employees.

The repurchase program will expire on August 8, 2022. As of February 7, 2022, the company had 409 shares in treasury with in the scope available for dividend and no shares in treasury through other repurchase.