The Board of Directors of Seoho Electric Co. Ltd. (KOSE:A065710) authorized a share repurchase program on November 2, 2012. Under the program, the company will repurchase up to 10,000 shares for KRW 64.3 million based on the closing price of the company's share as on November 1, 2012, pursuant to a trust agreement with Hyundai Securities Co., Ltd. The repurchases will be made in the stock exchange.

The purpose behind the program is acquisition of own shares following stock option distribution. The company will repurchase up to 6,981 shares on any one day in the program. The repurchases will commence from November 5, 2012 and will continue until November 16, 2012.

As of November 1, 2012, the company has 274,378 shares under directly owned treasury stock and no shares in treasury under trust agreement. Hyundai Securities Co., Ltd. acted as the broker to the company.