The Board of Directors of TK Chemical Corp. (KOSE:A104480) authorized a share repurchase program on September 11, 2012. Under the program, the company will repurchase up to KRW 10 billion worth own shares pursuant to a trust agreement with Woori Investment & Securities Co.

Ltd. The purpose behind the program is to stabilize the stock price and enhance shareholder's value. Repurchases will commence on September 12, 2012 and will continue until March 11, 2013. As of September 10, 2012, the company has no shares in treasury.

Woori Investment & Securities Co. Ltd. acted as the broker for the buyback.