Eugene Investment & Securities Signs Agreement with KOBC to Revitalize Ship Fragment Investment Industry

At the 'Business Agreement for the Revitalization of the Ship Fractional Investment Industry' held on the 17th at Eugene Investment & Securities headquarters in Yeouido, Seoul, attendees are posing for a commemorative photo. From the left, Ahn Byunggil, President of Korea Ocean Business Corporation, and Ko Kyungmo, CEO of Eugene Investment & Securities. Eugene Investment & Securities

Eugene Investment & Securities (co-CEOs Yoo Changsoo and Ko Kyungmo) signed a Financial business agreement with Korea Ocean Business Corporation (President Ahn Byunggil, hereinafter "KOBC") on September 17 at its headquarters in Yeouido, Seoul, to revitalize the ship fragment investment industry.

The signing ceremony was attended by Ko Kyungmo, CEO of Eugene Investment & Securities, Ahn Byunggil, President of KOBC, and other officials from both organizations. The event served as a platform for collaboration aimed at expanding the base of private ship finance by combining innovation in the maritime industry with advanced financial techniques.

The two organizations will first launch a pilot project for ship fragment investment, in which ship assets are issued and distributed in the form of electronic securities. They plan to expand this into security token offerings (STOs) in line with future regulatory developments. Through these efforts, they aim to broaden opportunities for the public to invest directly in the maritime industry, strengthen the competitiveness of the shipping and shipbuilding sectors, and diversify capital-raising channels.

Additionally, the two organizations have agreed to cooperate closely in various areas, including: reviewing the business feasibility and exchanging information on ship fragment investment; researching competitive business structuring; collaborating on the issuance and distribution of security tokens; discovering new fragment investment projects; and sharing trends in domestic and international legislation.

Ahn Byunggil, President of KOBC, stated, "This agreement is a meaningful occasion where two specialized institutions have joined forces to implement government policy on revitalizing private ship finance and introducing advanced financial techniques. We will establish a foundation that enables the public and private sector to invest in maritime assets in a stable manner."

Ko Kyungmo, CEO of Eugene Investment & Securities, added, "This marks the starting point for a new investment paradigm where finance meets shipping. Through the pilot project, we will expand ship finance, which has been centered on institutional investors, to the general public and contribute to strengthening the industry's competitiveness."

With this agreement, Eugene Investment & Securities and KOBC plan to jointly identify various ship and maritime asset fragment investment projects and pursue long-term growth strategies by integrating digital financial technologies.

This content was produced with the assistance of AI translation services.