JYP Entertainment becomes J. Tune’s biggest shareholder – INSIDE JoongAng Daily.

JYP Entertainment becomes J. Tune’s biggest shareholder
[TALK OF THE TOWN]
December 30, 2010

Rain and Park Jin-young are back in business again.

Rain’s official Web site said Tuesday that JYP Entertainment, which is run by Park Jin-young, has become the largest shareholder in J. Tune Entertainment, Rain’s entertainment company.

Rain got his start with JYP Entertainment but left the company in 2007 to start J. Tune. “I’m not affiliated with JYP Entertainment,” Rain said, adding that the agreement represents a strategic alliance between the two companies. “Also I’m only an entertainer affiliated with J. Tune Entertainment and don’t have any authority over the company nor do I have shares in it.”

Rain, whose real name is Jung Ji-hoon, added that he felt obligated to work with Park before he starts his mandatory military service because Park helped him become famous.

Rain was recently quoted in a local newspaper saying he would start his military service next year.

By Junghee Lee Contributing writer

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