Jeju Semiconductor Corp. authorizes a Buyback Plan.

Jeju Semiconductor Corp. is a Korea-based company engaged in the manufacture and sale of semiconductor memory chips used for mobile devices. The Company provides static random access memories (SRAMs), pseudo static random access memories (PSRAMs) and dynamic random access memories (DRAMs), which are mainly used in mobile phones under the multi-chip package (MCP) forms. Its products are also used in other mobile applications such as navigations, digital cameras and others, as well as machine-to-machine (M2M) products such as radio frequency identification (RFID) and others. The Company also distributes integrated circuits (ICs). The Company manufactures its products under the application specific integrated circuit (ASIC) characteristic. On April 19, 2013, the Company changed its name from Emerging Memory & Logic Solution, Inc. to Jeju Semiconductor Corp.