Hyundai Industrial Co., Ltd. (KOSDAQ:A170030) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of shares, pursuant to a contract with Shinyoung Securities Co., Ltd. The purpose of the buyback is to stabilize the share prices and to raise shareholder value The plan will be valid up to May 31, 2019. As on May 31, 2019, the company had 219,508 common shares in its treasury available from buyback for dividend purposes and no shares in treasury for other repurchases.