SM Entertainment Co., Ltd. (KOSDAQ:A041510) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million worth of its shares pursuant to a contract with Shinhan Investment Corp. The purpose of the program is to boost stock prices and improve shareholder profits.

The program will expire on May 9, 2023. As of May 8, 2022, the company had 160,185 shares in treasury within the scope available for dividend and had 0 share in treasury through other repurchases.