UTI Inc. (KOSDAQ:A179900) announces a share repurchase program. Under the program, the company will repurchase its own shares for KRW 3,500 million (worth of its shares pursuant to a contract with Korea Investment & Securities Co., Ltd.). The purpose of the program is to improve shareholder value and to stabilize stock price. The program will expire on May 13, 2019. As of November 11, 2018, the company had 65,770 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.