The Board of Directors of E*Trade Korea Co., Ltd. (KOSE:A078020) authorized a share repurchase program on January 29, 2013. Under the program, the company will repurchase up to KRW 5 billion worth of its shares pursuant to a trust agreement with Korea Exchange Bank. The purpose of the program is to stabilize the stock price and to enhance the shareholders' value.

The repurchases will commence from February 1, 2013 until January 31, 2014. As of January 28, 2013, the company has 853,109 shares in treasury under the direct trust agreement and 1,541,831 shares in treasury under trust agreement. Korea Exchange Bank, Samsung Securities Co., Ltd., Hyundai Securities Co., Ltd., KB Investment & Securities Co., Ltd. and HI Investment & Securities Co., Ltd. acted as brokers to the company.