The Board of Directors of Homecast Co., Ltd. (KOSE:A064240) authorized a share repurchase program on March 25, 2013. Under the program, the company will repurchase up to KRW 3.4 billion worth own shares pursuant to a trust agreement with TONGYANG Securities Inc. The purpose of the program is to stabilize the stock price and to enhance shareholders' value. The repurchases will commence from March 25, 2013 and will continue until September 25, 2013.

As of March 24, 2013, the company has no shares in treasury. TONGYANG Securities Inc. acted as the broker to Homecast.