IMarketKorea Inc. announces an Equity Buyback for KRW 15,000 million worth of its shares.
February 12, 2019 at 03:01 am EST
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iMarketKorea Inc. (KOSE:A122900) announces a share repurchase program. Under the program, the company will repurchase KRW 15,000 million under the contract with Shinhan Investment Corp. The purpose of the program is to improve shareholders’ value through stabilization of stock price. The program will be valid until February 11, 2020. As of February 11, 2019, the company had 1,886,977 shares in treasury under the dividend capacity and 10,000 shares in treasury under other capacities.
iMarketKorea Inc. is a Korea-based company principally engaged in the industrial material business to business (B2B) electronic commerce. It mainly operates in two divisions: industrial material B2B electronic commerce division, which involves in the maintenance, repair & operation (MRO) procurement services, global procurement services, raw and subsidiary materials procurement services, B2B shopping mall services covering office supplies, factory supplies and specialized supplies, procurement consulting services, as well as security paper manufacturing division, which involves in the development and manufacture of security papers and distribution of security gate and others. The Company provides its procurement services for domestic customers and foreign customers.
IMARKETKOREA INC. 
