The Board of Directors of Seowon Co., Ltd. (KOSE:A021050) authorized a share repurchase program on September 6, 2012. Under the program, the company will repurchase up to 1,050,788 shares for KRW 3 billion based on the closing price of Seowon's share on previous day. The company will make repurchases on exchange. The purpose behind the program is to stabilize the stock price. Repurchases will commence on September 7, 2012 and will continue until December 6, 2012. As of September 5, 2012, the company has no shares in treasury.

Woori Investment & Securities Co., Ltd. acted as the broker to Seowon Co., Ltd. for the buyback transaction.