SeAH Besteel Holdings Corporation (KOSE:A001430) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million worth of its shares pursuant to a contract with Shinhan Bank. The purpose of the program is to improve shareholder value and to stabilize stock price management.

The program will expire on February 11, 2023. As of February 9, 2022, the company had 539,745 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.