The Board of Directors of SNP Genetics Inc. (KOSE:A086460) authorized a share repurchase program on July 9, 2013. Under the program, the company will repurchase up to 200,000 shares for KRW 640 million which is based on the closing price of KRW 3,200 per share on July 8, 2013. The company will make a direct acquisition on Korea Securities Dealers Automated Quotation market of the exchange.

The purpose of the repurchase program is stock price stability and shareholders' value protection. The company will repurchase maximum of 18,238 shares per day. The repurchases will commence on July 10, 2013 and will end on October 9, 2013.

As of July 8, 2013, the company had a direct ownership of 18,238 shares in treasury and had no shares in treasury through trust agreements. HI Investment & Securities Co., Ltd acted as the Investment broker for SNP Genetics.