Pan-Pacific Co., Ltd. (KOSE:A007980) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million worth of shares pursuant to a trust agreement with Shinhan Investment Corp. The purpose of the share repurchase is to improve shareholder value and stabilize stock price. The repurchase program will continue until July 9, 2018. As of January 7, 2018, the company had 326,666 shares in treasury repurchased within scope available for dividend and 1,986,810 shares in treasury through other repurchase.