Daewoong Co., Ltd. (KOSE:A003090) 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 trust agreement with KB Securities Co., Ltd. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. The program will continue until January 31, 2024.

As of July 26, 2023, the company had 4,812,215 common shares in treasury through buyback within dividend capacity and 11,748,425 shares in treasury through other acquisitions.