The reason for this decision a Rain’s spokesperson stated in an article from Korean Mydaily is because “WHITE Corporation has gone through failure during this short-term of investment and at present is on the borderline of going bankrupt, but the company has also been slow in submitting the application of bankruptcy, and such an act could possibly put serious implications on Rain and his people. So Rain has no choice but to give up his share of stock to avoid sharing the responsibility.”
Rain was the major stockholder at 34% for this corporation! Hmmm seems like things are going down hill and this is just a start!
Another news … is that Rain seems like Officially opened his own office! It’s called “Rainy Entertaiment” laugh at the name all you want … we already did with our stafff months ago! We thought we were hallucinating so never shared the news on the mainstream .. but Rain himself gave out the address and asked even fans to send their Fan letter to his new address! Official news on Baidu stated the following on the event:
Rain’s agency opened officially in Cheongdam-dong, Seoul, on the 20th. Relevant personnel said, “It’s set up temporarily to manage his matters, in other words, an agency,” in an attempt to defer from the saying that they’ve set-up a company on their own. However, some inside analysts said, the truth is, they may be paving path for a “Jung Jihoon incorporated” entertainment company with Rain as the anchor artiste.
Meanwhile Korean news are stating Rain will be back in Korea in mid-August .. happy of all Rain’s US concert tour organiser, Star M who submitted a public apology statement on the 27th … thinks all is great and can’t wait to start the new projects with Rain! Star M Planning said, “We will do our best to revert damages that has been done to Rain’s reputation“. *yawn* someone remind them about the long list of their lawsuits please~ Star M has short term memory or something?
Address of the Rain’s Personal Office
* Fan letters or presents can be sent to Jung Ji Hoon or Rain