Korean Drug Co. Ltd. (KOSE:A014570) announces a share repurchase program. Under the program, the company will repurchase up to 53,000 shares for KRW 149.99 million based on the closing price of company's share on September 2, 2013.

Repurchases will be made through direct repurchases from KOSDAQ. The purpose behind the program is increasing share value through stability of stock price, and payment for employee compensation. The company will repurchase up to 30,347 shares on any one day in the program.

Repurchases will continue until December 3, 2013. As of September 2, 2013, the company has no shares in treasury.