The Board of Directors of Alton Sports Co., Ltd. (KOSE:A123750) authorized a share repurchase program on June 11, 2012. Under the program, the company will repurchase up to KRW 1 billion worth of stock pursuant to a contract with Shinyoung Securities Co., Ltd. The purpose behind the program is to stabilize the stock price. Repurchases will commence on June 11, 2012 and will end on June 10, 2013. As of June 10, 2012, the company has 2,484 shares under the direct ownership of treasury stock. Shinyoung Securities Co., Ltd acted as investment broker to the company.