Eugene Group's financial affiliate, Eugene Investment & Securities, signed a memorandum of understanding (MOU) with the Ministry of Economics of Latvia for strategic cooperation in large-scale infrastructure and defense industry sectors. On October 20, local time in Latvia, the signing ceremony took place at the Ministry of Economics building in Latvia, attended by Eugene Group Chairman Yoo Kyung-sun, executives and employees of Eugene Investment & Securities, Viktors Valainis, Minister of Economics of Latvia, and other key stakeholders. Photo of the attendees taking a commemorative photo at the signing ceremony. From the left: Eugene Group Chairman Yoo Kyung-sun (left), Viktors Valainis, Minister of Economics of Latvia. Eugene Investment & Securities
On October 23, Eugene Group (Chairman Yoo Kyung-sun) announced that its financial affiliate, Eugene Investment & Securities (Co-CEOs Yoo Chang-soo and Ko Kyung-mo), has signed a memorandum of understanding (MOU) with the Ministry of Economics of Latvia for strategic cooperation in large-scale infrastructure and defense industry sectors.
This MOU aims for Eugene Investment & Securities and the Latvian government to jointly identify, assess, and develop infrastructure and defense industry projects in Latvia. Going forward, both parties plan to strengthen cooperation at the level of public-private partnerships (PPP) to attract strategic investment, promote technological development, and enhance economic security.
On October 20, local time in Latvia, the signing ceremony was held at the Ministry of Economics building, attended by Eugene Group Chairman Yoo Kyung-sun, executives and employees of Eugene Investment & Securities, Viktors Valainis, Minister of Economics of Latvia, and other key stakeholders. During the ceremony, participants shared the progress of their cooperation to date and discussed specific plans for collaboration in the large-scale infrastructure and defense industry sectors.
Viktors Valainis, Minister of Economics, stated, "The signing of this memorandum of understanding marks the official starting point of cooperation between our two countries. Through this, we expect to expand the foundation for large-scale investment and business partnerships. As a reliable partner, Eugene Group will serve as a strong bridge for Korean companies seeking to enter the European market."
Chairman Yoo Kyung-sun of Eugene Group also commented, "This agreement is not just about short-term cooperation, but marks the beginning of a long-term partnership for our companies to become strong partners in the future. We will establish practical cooperation models in various fields, including infrastructure, defense, and bio industries."
Latvia, though small, is a rapidly growing innovation leader in the Baltic region, expanding opportunities in diverse areas such as digital and green transformation, bio and health, and defense and advanced manufacturing, based on its solid ICT capabilities.
During this visit, the Eugene delegation not only signed the MOU but also visited major medical institutions and defense-related companies in Latvia to discuss concrete cooperation initiatives.
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