NHN Corporation (KOSE:A181710) announces a share repurchase program. Under the program, the company will repurchase up to 720,000 shares pursuant to a contract with Mirae Asset Securities. The purpose of the share repurchase is stock price stability and shareholder value enhancement.

The repurchase program will expire on May 19, 2023. As of February 16, 2023, the company had 1,570,208 shares within scope available for dividend and had 21,210 shares in treasury through other repurchase.