Eugene Science, Inc.

Engene Science Inc. is a fast-growing Korean biotech company in functional food industry which focuses on products for diabetes, cholesterol-related CVD and obesity.

23 scientists are working R&D teams for developing functional foods, biospecialty chemicals and bioinformatics as short, mid and long-term projects respectively. In 1998, Eugene Science succeeded in liquefying plant sterol for the first time in the world. This became our main business item CZ, which is a natural substance extracted from plants and effectively blocks cholesterol taken into the body through diet-lowering cholesterol level in plasma.

CholZero, as a new concept functional beverage which contains CZ, is currently being marketed in Korea product lines into cooking oils, salad dressings, margarine, mayonnaise and butter.

Recently, we have closed a deal with Japans Hokuyo Koeki, the trading company of the Pio Group. With this alliance, the Japanese companies made an order for US$5.3 million this year and oddered to make an additional investment of US$3 million won in the company.

As the only company in the world to process water-soluble plant sterol, wave got an extensive opportunities to advance into the global market as a result of this alliance.