DAP Corporation (KOSDAQ:A066900) announces a share repurchase program. Under the program, the company will repurchase up to 200,000 shares for KRW 1,144 million. The company will make repurchase as direct repurchase through KOSDAQ.

The purpose of repurchase program is stock price stability and enhancement of shareholder value. The company will repurchase maximum of 20,000 shares per day. The repurchase program will be valid till March 19, 2014.

As of January 16, 2014, the company has 4,044,010 shares under buyback within dividend capacity.