KL-Net Corp. (KOSDAQ:A039420) announces a share repurchase program. Under the program, the company will repurchase up to KRW 2,000 million worth of shares pursuant to a trust contract with Shinhan Investment Corp. The purpose of the program is to improve shareholder value and to stabilize stock price. The program is valid until February 23, 2018. As of February 23, 2017, the company had 1,107,910 shares in treasury within scope available for dividend and had 11,990 shares in treasury through other repurchase.