The Board of Directors of Sungwoo Electronics Co Ltd (KOSE:A081580) authorized a share repurchase program on July 25, 2013. Under the program, the company will repurchase up to KRW 1 billion worth of own shares pursuant to a contract with Mirae Asset Securities Co., Ltd. The purpose behind the program is to stabilize the stock price. Repurchases will commence on July 25, 2013 and will continue until January 25, 2014.

As of July 24, 2013, the company has no shares under direct ownership of treasury stock and treasury stock under trust agreement. Mirae Asset Securities Co., Ltd. acted as a broker for Sungwoo Electronics Co Ltd..