Jung Woo Sung recently resigned from his director position at Artist Company, which he co-founded with Lee Jung Jae. His resignation, announced on October 2, 2026, had a significant impact on the company's stock value, which plummeted more than 8% after the news broke.
At 9:51 a.m. local time, Artist Company's stock price fell 6.02% to 3,905 won ($2.93). This figure dropped further to 3,815 won ($2.86) at 1:36 p.m. Despite officially resigning, Jung Woo Sung retains his ownership of 1,714,108 shares in the company, equivalent to 10.99% of the total shares.
Lee Jung Jae, co-founder of Artist Company, is now the largest shareholder with 4,225,882 shares, representing 27.10% of the company's total shares. Although Jung Woo Sung is no longer a director, his name is still listed as an actor on Artist Company's official website.
The company has not yet provided an explanation for his resignation. Artist Company was founded in 2016, initially focusing on actor management, but over time, it also expanded into film and drama production.
Jung Woo Sung's decision to step down as director sparked speculation among fans and the entertainment industry, especially given his reputation as one of South Korea's leading actors. In related news, Lee Jung Jae is also producing a K-Pop espionage film featuring Andy Serkis.
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