The Board of Directors of INTEKPLUS Co., Ltd. (KOSE:A064290) authorized a share repurchase program on May 15, 2012. Under the program, the company will repurchase up to 100,000 shares for KRW 408.5 million based on the closing price of company's share on May 14, 2012. Repurchases will be made from the open market. The purpose behind the program is stock price stability and enhancement of shareholder value. The company will repurchase up to 10,757 shares on any one day in the program. Repurchases will commence on May 18, 2012 and will continue until August 15, 2012. As of May 14, 2012, the company has 231,164 shares under direct ownership of treasury stock. Korea Investment & Securities Co., Ltd acted as the broker to the company for the buyback.