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**UNITED      STATES **

**SECURITIES      AND EXCHANGE COMMISSION**
** **

**Washington,      D.C. 20549 **

**FORM      10-KSB/A**

**Amendment      No. 1 **

| x | **ANNUAL                REPORT UNDER SECTION 13 OR 15(****d****)                OF THE SECURITIES EXCHANGE ACT OF 1934** **FOR                THE FISCAL YEAR ENDED DECEMBER 31,                2006** |
|---|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  ̈ | **TRANSITION                REPORT UNDER SECTION 13 OR 15(****d****)                OF THE SECURITIES EXCHANGE ACT OF 1934** **FOR                THE TRANSITION PERIOD FROM __________________ TO                __________________** |
|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Commission      file number 000-50601 **

**EUGENE      SCIENCE, INC. **

**(Name      of small business issuer in its charter) **

| **Delaware**                                                                                        | **33-0827004**                                                            |
|-----------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------|
| **(State                or other jurisdiction****of                incorporation or organization)** | **(I.R.S.                Employer****Identification                No.)** |

**8th      Floor, LG Palace Building, 165-8 Donggyo-Dong, Mapo-Gu, Seoul,      Korea**

**(Address      of principal executive offices) **

**Issuer’s      telephone number: 82-2-338-6283 **

**Securities      registered pursuant to Section 12(b) of the Act: None **

**Securities      registered under Section 12(g) of the Exchange Act: **

**Common      Stock, par value $0.0001 per share**

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**TABLE      OF CONTENTS **

|                | Explanatory                Note                                                                                    |   | 3      |
|---------------------|--------------------------------------------------------------------------------------------------------------------|--------|--------|
|                |                                                                                                               |   |   |
|                | PART                II                                                                                             |   |   |
| Item 8:   | Changes                In and Disagreements With Accountants on Accounting and Financial                Disclosure |   | 4      |
|                |                                                                                                               |   |   |
|                | PART                III                                                                                            |   |   |
| Item 13:  | Exhibits                                                                                                      |   | 5      |

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**EXPLANATORY      NOTE**

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**PART      II**

**Item      8**
**Changes      In and Disagreements With Accountants on Accounting and Financial      Disclosure**

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**PART      III**

**Item      13**
**Exhibits**

| **Exhibit****Number** |   |  **Description**                                                                                                                                                                                                                                                                                                                               |
|-----------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 16.1                  |   | Letter                dated April 23, 2007 from SF Partnership LLP to the Securities and                Exchange Commission (incorporated by reference to Exhibit 16.1 to                Eugene                Science Inc.’s Current Report on Form 8-K filed with the Securities and                Exchange Commission on April 23, 2007). |
|                  |   |                                                                                                                                                                                                                                                                                                                                                |
| 31.1                  |   | Certification                of Principal Executive Officer Pursuant to Rule 13a-14(a)/15d-14(a)                under                the Securities Exchange Act of 1934.                                                                                                                                                                           |
|                  |   |                                                                                                                                                                                                                                                                                                                                                |
| 31.2                  |   | Certification                of Principal Financial Officer Pursuant to Rule 13a-14(a)/15d-14(a)                under                the Securities Exchange Act of 1934.                                                                                                                                                                           |
|                  |   |                                                                                                                                                                                                                                                                                                                                                |
| 32.1                  |   | Certification                of Principal Executive Officer Pursuant to Rule 13a-14(b)/15d-14(b)                under                the Securities Exchange Act of 1934 and 18 U.S.C. Section                1350.                                                                                                                                 |
|                  |   |                                                                                                                                                                                                                                                                                                                                                |
| 32.2                  |   | Certification                of Principal Financial Officer Pursuant to Rule 13a-14(b)/15d-14(b)                under                the Securities Exchange Act of 1934 and 18 U.S.C. Section                1350.                                                                                                                                 |

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**SIGNATURES**

|         |                                                                                                                          |                            |
|--------------|-------------------------------------------------------------------------------------------------------------------------------|---------------------------------|
|         | EUGENE              SCIENCE,              INC.                                                                                |
|    |                                                                                                                     |                       |
|              | By:                                                                                                                 | /s/              Seung Kwon Noh |
|         | Seung                Kwon NohPresident                and Chief Executive Officer(Principal                Executive Officer) |
|         |                                                                                                                               |

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**Exhibit      Index**

| **Exhibit****Number** |   |  **Description**                                                                                                                                                                                                                                                                                                                               |
|-----------------------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 16.1                  |   | Letter                dated April 23, 2007 from SF Partnership LLP to the Securities and                Exchange Commission (incorporated by reference to Exhibit 16.1 to                Eugene                Science Inc.’s Current Report on Form 8-K filed with the Securities and                Exchange Commission on April 23, 2007). |
|                  |   |                                                                                                                                                                                                                                                                                                                                                |
| 31.1                  |   | Certification                of Principal Executive Officer Pursuant to Rule 13a-14(a)/15d-14(a)                under                the Securities Exchange Act of 1934.                                                                                                                                                                           |
|                  |   |                                                                                                                                                                                                                                                                                                                                                |
| 31.2                  |   | Certification                of Principal Financial Officer Pursuant to Rule 13a-14(a)/15d-14(a)                under                the Securities Exchange Act of 1934.                                                                                                                                                                           |
|                  |   |                                                                                                                                                                                                                                                                                                                                                |
| 32.1                  |   | Certification                of Principal Executive Officer Pursuant to Rule 13a-14(b)/15d-14(b)                under                the Securities Exchange Act of 1934 and 18 U.S.C. Section                1350.                                                                                                                                 |
|                  |   |                                                                                                                                                                                                                                                                                                                                                |
| 32.2                  |   | Certification                of Principal Financial Officer Pursuant to Rule 13a-14(b)/15d-14(b)                under                the Securities Exchange Act of 1934 and 18 U.S.C. Section                1350.                                                                                                                                 |

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