Victek Co., Ltd. (KOSE:A065450) announces a share repurchase program. Under the program, the company will repurchase up to 675,675 shares for a total of KRW 1,000 million, which is based on the closing price of the company's shares on December 17, 2014. The company will repurchase its shares through the stock exchange.

The purpose of the share repurchase program is to stabilize the share price and to enhance shareholder value. The maximum number of shares that the company may repurchase on any day is 79,824 shares. The number of shares to be repurchased may change according to the stock prices as it is the number of shares that exceeds the buyback amount.

The share repurchase program is valid until March 18, 2015. As of December 17, 2014, the company had 595,238 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.