Ilsung Pharmaceuticals Co. Ltd. (KOSE:A003120) announces a share repurchase program. Under the program, the company will repurchase up to 30,000 shares for a cost of KRW 2,376 million based on the closing price of October 10, 2013.

The company will make repurchases on exchange. The repurchases will be valid till January 13, 2014. As of October 10, 2013, the company has 1,315,571 shares under direct ownership of treasury stock and no treasury stock under trust agreement.