Seoul Auction Co., Ltd. (KOSDAQ:A063170) announces a share repurchase program. Under the program, the company will repurchase up to KRW 3,000 million worth of shares pursuant to a trust contract with NH Investment & Securities Co., Ltd. The purpose of the share repurchase program is to stabilize the share price and to improve shareholder value. The share repurchase program is valid until May 31, 2017. As of November 30, 2016, the company had 847,180 shares in treasury within scope available for dividend and no shares in treasury through other repurchase.