The Board of Directors of Chungdahm Learning, Inc. (KOSE:A096240) authorized a share repurchase program on January 28, 2013. Under the program, the company will repurchase up to KRW 3 billion worth of shares pursuant to a trust agreement with NH Investment & Securities Co., Ltd. The purpose of the repurchase program is to stabilize share prices for shareholders' protection. The repurchases will commence on January 29, 2013, and will end on July 29, 2013. As of January 27, 2013, the company has 6,213,550 shares in issue, 480,470 shares under direct ownership of treasury stock and has 215,767 shares in treasury under trust agreement.

As of April 24, 2013, the company has repurchased 118,815 shares for KRW 1.56 billion.

NH Investment & Securities Co., Ltd. acted as the broker to the company for the buyback transaction.

Chungdahm Learning, Inc.'s share repurchase program expired on July 29, 2013.