EUGENE INVESTMENT & SECURITIES said on the 18th that it signed a "business agreement to vitalize the ship fractional investment industry" with the Korea Ocean Business Corporation (KOBC).
The two institutions will promote a "pilot project for ship fractional investment" that issues and distributes ship assets in the form of electronic securities, and, in line with related system improvements, plan to expand it into token securities (STO). Through this, they aim to broaden the path for the public to invest directly in the marine industry and to lead stronger competitiveness in the shipping and shipbuilding industries and diversification of capital raising.
They also agreed to cooperate in areas such as ▲ reviewing the business feasibility of ship fractional investment and information exchange ▲ research on competitive business structuring ▲ cooperation on token securities issuance and distribution ▲ discovering new fractional investment businesses ▲ sharing domestic and overseas legislative trends.
EUGENE INVESTMENT & SECURITIES and KOBC, taking this agreement as an opportunity, decided to jointly identify fractional investment projects for various marine assets, including ships, and to seek mid- to long-term growth strategies together by incorporating digital financial technology.
An Byung-gil, president of KOBC, said, "This agreement is a meaningful occasion where two specialized institutions joined forces to implement the government's policy of revitalizing private ship finance and introducing advanced financial techniques," adding, "We will lay the groundwork for the public and the private sector to invest stably in marine assets."
Ko Kyung-mo, CEO of EUGENE INVESTMENT & SECURITIES, said, "This is a starting point where finance and shipping meet to open a new investment paradigm," adding, "Through the pilot project, we will expand ship finance, which had centered on institutional investors, to retail investors and contribute to strengthening industrial competitiveness."