Teems, Inc. (KOSE:A134790) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,500 million worth of shares under the contract with Shinyoung Securities Co., Ltd signed on November 16, 2013. The repurchases will be made for stabilization of stock price.

The company will make repurchases till November 13, 2014. As of October 31, 2013, the company has 512 shares under direct ownership of treasury stock and 222,730 shares under trust agreement.