The Board of Directors of Hwashin Co., Ltd. (KOSE:A010690) authorized a share repurchase program on May 18, 2012. Under the program, the company will repurchase up to KRW 2 billion worth of its own shares pursuant to a trust agreement with Samsung Securities Co., Ltd. The purpose of the program is to stabilize the stock price. The repurchases will commence from May 21, 2012 and will continue till November 21, 2012. As of May 17, 2012, the company has nil shares in treasury. Samsung Securities Co., Ltd. acted as the broker to the company.