Kwang Jin Industry Co., Ltd. (KOSDAQ:A026910) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares for KRW 480 million based on the closing price of company's share on August 22, 2014. Repurchases will be made on the stock exchange.

The purpose behind the program is to stabilize the stock price and to enhance shareholder value. The company will repurchase up to 20,000 shares on any one day in the program. Repurchases will continue until November 25, 2014.

As of August 24, 2014, the company has 158,294 shares in treasury within scope available for dividend and no shares in treasury under other repurchase category.