The Board of Directors of PNE Solution Co., Ltd. (KOSE:A131390) authorized a share repurchase program on November 15, 2012. Under the program, the company will repurchase up to 150,000 shares for KRW 912 million based on the closing price of PNE's share on preceding day. The company will make open market repurchases with the purpose of stabilizing the stock price. The company will make repurchase up to 15,000 shares on any one day in the program. Repurchases will commence on November 16, 2012 and will continue until February 15, 2013. As of November 14, 2012, the company has no shares in treasury. SK Securities Co., Ltd. acted as the broker to the company in the buyback transaction.

PNE Solution Co., Ltd. completed its share repurchase program on December 17, 2012. Under the program, the company repurchased 150,000 shares for KRW 948.54 million.