Freems disclosed plans on June 15 to acquire 625,000 of its own shares on the open market.
The buyback is valued at 5 billion won (approximately $3.29 million) and is scheduled to run from June 16 through Sept. 15.
The company said the repurchase was aimed at "enhancing shareholder value through the acquisition and cancellation of treasury shares."
jiyoon436@heraldcorp.com
