The Board of Directors of Seowon Co., Ltd. (KOSE:A021050) authorized a share repurchase program on September 6, 2012. Under the program, the company will repurchase up to 1,050,788 shares for KRW 3 billion based on the closing price of Seowon's share on previous day. The company will make repurchases on exchange. The purpose behind the program is to stabilize the stock price. Repurchases will commence on September 7, 2012 and will continue until December 6, 2012. As of September 5, 2012, the company has no shares in treasury.
Woori Investment & Securities Co., Ltd. acted as the broker to Seowon Co., Ltd. for the buyback transaction.
Seowon Co., Ltd.'s share repurchase program expired on December 6, 2012. Under the program, the company has repurchased 688,080 shares at an average price of KRW 3,428 per share, for a total of KRW 2.36 billion.
SEOWON CO., LTD. is a Korea-based company engaged in the manufacture and distribution of copper alloys. The Companyâs main products consist of copper alloys, including billet type and slab type, as well as ingots, which are used in electrical equipment, electronic products, automobiles, aircrafts, industrial equipment, construction and other industries. It also produces copper scraps and zincs, which are used for the manufacturing of brass products. In addition, the Company provides half-finished copper product processing technique and services. The Company distributes its product within domestic market and to overseas markets.
SEOWON CO., LTD. 
