Unitest Inc (KOSDAQ:A086390) announces a share repurchase program. Under the program, the company will repurchase up to KRW 500 million worth of own shares pursuant to a trust agreement with Korea Investment & Securities Co., Ltd. The purpose behind the program is to stabilize the stock price and to enhance the shareholder value. Repurchases will continue until May 12, 2014.

As of November 11, 2013, the company has 424,000 shares in directly owned treasury stock and 215,480 treasury stock under trust agreement.