Rain’s agent J.Tune Entertainment has turned a profit in their history for the first time

J.Tune entertainment where Rain is the largest stockholder and belongs, has gone into the black in their history for the first time.

The company announced on the 14th that they realized a profit of 189 million won (about $152,174) in the fourth quarter, posted a profit of 9 billion won (around $ 7,246,376) with a twice increase from the same period last year even in the total sales by year-on-year accounts, completed to redeem the 5.5million dollar Overseas Convertible Bond, and cleared off their debts from 16.7 billion won (around $ 14 million) to 6.1 billion won (around $ 4.9million).

Since Rain’s Asia Tour is currently in progress starting with Japan concert, and his hollywood movie Ninja Assassin is slated to open on November 25, the company has been being well-regarded not only in their future value, but also in the improvement of their benefit.

A person from J.Tune entertainment expressed, “This turnaround may actually have a positive impact on our potential value. We’ll take advantage of our know-how and experience in the world of entertainment, including world star Rain, and will try to diversity our management through the advance of growing works.

Meanwhile, Korea Information Service Inc. ever rated J.Tune Entertainment as Stable grade, making their grade upgraded B in late July.

credit: Daily Economy