The Board of Directors of KOYJ Co., Ltd. (KOSE:A121850) authorized a share repurchase program on July 1, 2013. Under the program, the company will repurchase KRW 2 billion worth of shares under the contract with Korea Investment & Securities Co., Ltd. The purpose of repurchase program is stock price stability and enhancement of shareholder value. The repurchase program will commence on July 1, 2013 and will be valid till January 2, 2014.

As of June 30, 2013, the company has no shares under the direct ownership of treasury stock and no treasury stock under trust agreement. Korea Investment & Securities Co., Ltd. acted as Investment broker for KOYJ. CO.,LTD.