Poongsan Holdings Corporation (KOSE:A005810) announces a share repurchase program. Under the program, the company will repurchase up to 250,000 shares. The purpose of the share repurchase is to enhance shareholder value and stabilize stock price.

The repurchase program will expire on January 31, 2024. As of October 30, 2023, the company had 395,916 shares within scope available for dividend and had 15,084 shares in treasury through other repurchase.