Zaram Technology,Inc. (KOSDAQ:A389020) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of its shares pursuant to a contract with DB financial investment. The purpose of the program is to stabilize stock prices and increase share holder value.

The program will be valid till January 31, 2024. As of July 30, 2023, the company had no shares within scope available for dividend and had no shares in treasury through other repurchase.