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Artist Company

South Korean actors agency From Wikipedia, the free encyclopedia

Artist Company
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Artist Company (Korean: 아티스트컴퍼니) is a South Korean entertainment agency founded by actors Jung Woo-sung and Lee Jung-jae in 2016.[2] The company is home of many major players in the Korean film industry including Jung Woo-sung, Lee Jung-jae, Ahn Sung-ki, Bae Seong-woo, Go Ah-sung, Park So-dam, and Yeom Jeong-ah.

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2016: Formation

On May 19, 2016, Lee Jung-jae and Jung Woo-sung, who have been close colleagues and friends for a long time, decided to establish Artist Company after much discussion and careful consideration with the aim of creating a rational and systematic company.[3][4]

2017–present: Leadership transition and expansion

On December 27, 2017, Jung Woo-sung has stepped down from his role as CEO of Artist Company to focus on his acting career. Kim Byung-sun, previously with Star K Entertainment, has been appointed as the new CEO of the agency.[5]

On November 26, 2021, Artist Company founded by Lee Jung-jae and Jung Woo-sung, along with Artist Studio also represented by them, announced that they had entered detailed discussions for a merger and acquisition with Com2uS represented by Song Jae-joon and Lee Ju-hwan, and WYSIWYG Studios represented by Park Kwan-woo and Park In-gyu.[6] On December 23, Com2uS and its subsidiary WYSIWYG Studios announced that they had signed an investment agreement to acquire the management rights of Artist Studio and Artist Company by investing 25 billion won and 80 billion won, respectively, for a total of 105 billion won.[7] However, on May 30, 2022, Com2uS withdrew its decision to acquire Artist Company.[8]

In December 2023, Lee Jung-jae and Jung Woo-sung acquired 45% and 9% of the shares, respectively, in the KOSDAQ-listed advertising company Wider Planet through a paid capital increase via a third party, with investments of approximately 10 billion KRW and 2 billion KRW each. This made Lee Jung-jae the largest shareholder of the company. In March 2024, Wider Planet announced a name change to "Artist United" and appointed Lee Jung-jae and Jung Woo-sung as inside director. The company's headquarters were relocated to the Artist Company premises, sparking speculation about a potential merger between the two companies.[9]

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