Korean Drug Co. Ltd. (KOSDAQ:A014570) announces a share repurchase program. Under the program, the company will repurchase up to 20,000 shares for KRW 83.3 million based on the closing price of company's share on November 7, 2014.

Repurchases will be made from securities market. The purpose behind the program is enhancement of shareholder value through stock price stability and delivery of compensation to employees. The company will repurchase up to 110,000 shares on any one day in the program.

Repurchases will continue until February 10, 2015. As of November 7, 2014, the company has 53,000 shares in treasury under buyback within dividend capacity and no shares in treasury under other buyback category.