SeAH Besteel Corporation (KOSE:A001430) announces a share repurchase program. Under the program, the company will repurchase up to KRW 10,000 million worth of its shares pursuant to a contract with KEB Hana Bank. The purpose of the program is to improve shareholder value and to stabilize stock price.

The program will expire on March 30, 2021. As of March 29, 2020, the company had 266,470 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.