Daedong Steel Co., Ltd. (KOSDAQ:A048470) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of its shares pursuant to a contract with Mirae Asset Securities. The purpose of the share repurchase is stabilization of stock prices and improvement of shareholder value.

The repurchase program will expire on April 5, 2024. As of October 4, 2023, the company had 78,109 shares within scope available for dividend and had no shares in treasury through other repurchase.