The Board of Directors of Komelon Corp. (KOSE:A049430) authorized a share repurchase program on February 14, 2012. Under the program, the company will repurchase up to KRW 2 billion worth own shares pursuant to a trust agreement with Daishin Securities Co., Ltd. to be signed on February 15, 2012. The purpose behind the program is to stabilize the stock price. Repurchases will commence on February 15, 2012 and will continue until August 15, 2012. As of February 13, 2012, the company has 70,617 shares in treasury under trust agreement.

As of August 14, 2012, the company has repurchased 80,726 shares for a total of KRW 275.06 million.

Daishin Securities Co., Ltd. acted as the broker to the company for the buyback.


Komelon Corp.'s share repurchase program expired on August 15, 2012.