The Board of Directors of DAP Corporation (KOSE:A066900) authorized a share repurchase program on August 30, 2013. Under the program, the company will repurchase up to 300,000 shares, for an expected price of KRW 1.48 billion, based on the closing price of the company as of August 29, 2013. The company will make the repurchases by direct buyback on exchange through KOSDAQ market.

The company is repurchasing its shares to enhance share value through stock price stability. The company will repurchases a maximum of 42,189 share in a day. As of August 29, 2013, the company had 3,744,010 shares under direct ownership of treasury stock and no shares of treasury stock under trust agreement.

Daishin Securities Co. Ltd. acted as investment broker to the company.