Macrogen, Inc. (KOSDAQ:A038290) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of its shares pursuant to a trust contract with Samsung Securities Co., Ltd. The purpose of the share repurchase program is to stabilize the share price and increase shareholders value. The share repurchase program will continue until October 20, 2023.

As of October 20, 2022, the company had 722,395 shares in treasury within scope available for dividend and had 1,851 shares in treasury through other repurchase.