The Board of Directors of Enertork, Ltd. (KOSE:A019990) authorized a share repurchase program on July 22, 2013. Under the program, the company will repurchase up to 40,000 shares for KRW 184 million. The company will directly repurchase on Korea Exchange.

The purpose behind the program is to stabilize the stock price and to enhance the shareholders' value. The company will make daily repurchase of up to 4000 shares. Repurchases will commence on July 23, 2013 and will continue until October 22, 2013.

As of July 21, 2013, the company has 8,845 shares under direct ownership of treasury stock and no treasury stock under trust agreement. Samsung Securities Co. Ltd. acted as the broker for the Enertork.