Yuhwa Securities Co., Ltd (KOSE:A003460) announces a share repurchase program. Under the program, the company will repurchase up to 600,000 common shares. The estimated price for repurchase would amount to KRW 9,180 million, which is based on the market close price of March 22, 2016, of KRW 15,300 per share.

The shares will be repurchased on the exchange. The purpose of the program is to improve shareholder value and to stabilize stock price. The company's daily repurchase limit is 60,000 common shares.

The program is valid till June 23, 2016. As of March 22, 2016, the company had 1,466,210 shares in treasury under the dividend capacity and 435,000 shares in treasury under other capacities.