ACE Technologies Corp (KOSDAQ:A088800) announces a share repurchase program. Under the program, the company will repurchase up to 400,000 shares for up to KRW 1,444 million based on the closing share price of KRW 3,610 per share on November 14, 2014. Repurchases will be made directly from the KOSDAQ Market.

The purpose behind the program is to stabilize the stock price and to enhance shareholder value. The company will repurchase up to 40,000 shares on any one day in the program. Repurchases will continue until February 17, 2015.

As of November 16, 2014, the company had no shares in treasury under buyback within dividend capacity and 87,442 shares under other buyback category.