Hansae Co. Ltd. (KOSE:A105630) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million pursuant to a trust contract with Hyundai Securities Co., Ltd. and Korea Investment & Securities Co., Ltd. The purpose of the share repurchase program is to improve shareholder value and to stabilize stock price. The share repurchase program is valid until June 13, 2017. As on December 11, 2016, the company had 411,993 shares in treasury within scope available for dividend and had no shares in treasury through other repurchases.