This is an unusual event as no actors have come together to build a company on their own before.
The initial plan was to release details this month but matters got delayed.
Rumor has it that an executive from a major firm is involved with this.
This executive has been a long time friend of theirs and has a lot of interest in the showbiz.
Jung Woo-sung's sources say, "The executive is going to participate in the establishment as a private investor. They are currently negotiating terms and conditions".
Another source says, "Lee Jung-jae who recently finished his contract with his current agency is discussing directions of the new company with Jung Woo-sung who has experience with a one-man company named Red Brick House".
After they have established their company, they will be recruiting more actors to ride along with them.
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"Why did Lee Jung-jae and Jung Woo-sung establish an agency?"
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