Korea SE Corp. (KOSDAQ:A101670) announces a share repurchase program. Under the program, the company will repurchase up to 140,000 common shares.

The estimated price for repurchase would amount to KRW 669.9 million, which is based on the market close price of March 29, 2016, of KRW 4,785 per share. The shares will be repurchased on the exchange. The purpose of the program is to improve the shareholders' value and to stabilize the stock price.

The company's daily repurchase limit is 75,600 common shares. The program is valid up to June 30, 2016. As of March 29, 2016, the company had 560,000 common shares in treasury under the dividend capacity and nil common shares in treasury under other capacities.