Union Corporation (KOSE:A000910) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares under the contract with KDB Daewoo Securities Co. Ltd. The purpose of the program is to improve shareholder value and to stabilize stock price.

The program will be valid till November 22, 2016. As of November 22, 2015, the company had 674,000 shares in treasury under the dividend capacity and 2,412 shares in treasury under other capacities.