The Board of Directors of JLS Co Ltd. (KOSE:A040420) authorized a share repurchase program on March 12, 2012. Under the program, the company will repurchase up to 240,000 shares for KRW 1.44 billion based on the closing price of JLS' share on March 9, 2012, pursuant to a trust agreement with Daewoo Securities Co., Ltd. The purpose behind the program is to cancel the shares for shareholders profit maximization. The company will make repurchases in the Korean Exchange market and will repurchase up to 24,000 shares on any one day in the program. Repurchases will commence on March 13, 2012 and will continue until June 12, 2012. Daewoo Securities Co., Ltd. acted as the broker for the buyback.