Wooree E&L Co., Ltd. (KOSE:A153490) announces a share repurchase program. Under the program, the company will repurchase up to 900,900 shares for KRW 1,999.99 million. The shares will be repurchased at a price of KRW 2220 per share.

The share repurchase program will be made to stabilize the stock price and improve the shareholders value. The program will commence on October 15, 2013 and continue till January 14, 2014.