The Board of Directors of Lock & Lock Co., Ltd. (KOSE:A115390) authorized a share repurchase program on June 12, 2013. Under the program, the company will repurchase up to KRW 5 billion worth own shares pursuant to a trust agreement with Korea Investment & Securities Co., Ltd. The purpose behind the program is to stabilize the stock price. Repurchases will commence on June 12, 2013 and will continue until December 11, 2013.

As of June 12, 2013, the company has 586,400 shares under direct ownership of treasury stock. Korea Investment & Securities Co., Ltd acted as the broker to the company for the buyback.