The Board of Directors of Cheil Worldwide Inc. (KOSE:A030000) authorized a share repurchase program on January 29, 2013. Under the program, the company will repurchase up to 4,600,000 shares for KRW 96.37 billion based on the closing price of KRW 20,950 per share as of January 28, 2013. The shares will be repurchased on the stock exchange.

The purpose of the program is to stabilize the stock prices. The maximum of 460,000 shares can be repurchased on any single day. The repurchases will commence from January 30, 2013 until April 29, 2013.

As of January 28, 2013, the company has 10,186,500 shares in treasury under the direct trust agreement. Samsung Securities Co. Ltd., Korea Investment & Securities Co., Ltd. and KDB Daewoo Securities Co.

Ltd. acted as the brokers to the company.