Motonic Corporation (KOSE:A009680) announces a share repurchase program. Under the program, the company will repurchase up to KRW 5,000 million of its shares pursuant to a trust contract with Mirae Asset Daewoo Co., Ltd. The purpose of the share repurchase program is to stabilize the treasury stock price. The share repurchase program is valid until July 19, 2017. As of July 19, 2016, the company had 10,244,534 shares in treasury within scope available for dividend and had no shares in treasury through other repurchase.