SBS Media Holdings Co., Ltd. (KOSE:A101060) announces a share repurchase program. Under the program, the company will repurchase its own shares for KRW 10,000 million worth of its shares pursuant to a trust 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 August 10, 2020. As of August 8, 2019, the company had 2,163,813 shares in treasury within scope available for dividend and had 0 shares in treasury through other repurchase.