Sungwoo Electronics Co Ltd (KOSE:A081580) announces a share repurchase program. Under the program, the company will repurchase up to KRW 1,000 million of its shares pursuant to a trust agreement with Mirae Asset Securities Co., Ltd. The purpose behind the program is to stabilize the stock price and to enhance shareholder value. The share repurchase program is valid until February 11, 2015.

As of August 11, 2014, the company had 216,544 shares in treasury within dividend capacity and had no shares in treasury through other repurchase.