[Exclusive]From 'Retirement' to Business: Jang Dong-jo Prepares for IPO After Corporate Transformation, Launches Efforts to Recover Unpaid Debts

*This content was translated by AI.

Jang Dong-jo, who left his acting career to transform into a business figure, is taking action to manage debts that have remained uncollected for a long period in order to expand and grow his company.

On the 6th, Jang stated, "Considering past relationships with trading partners and their operational difficulties, we had postponed debt recovery. However, as the scale of the company's growth has increased and we prepare for full-fledged corporate expansion such as an initial public offering (IPO), we determined that it is necessary to manage company assets and debts more strictly," revealing this decision.

Accordingly, Woo-Sun Group Co., Ltd., led by Jang Dong-jo, plans to conduct a comprehensive review of debts that have remained uncollected for a long time, assess the willingness to pay and repayment feasibility, and proceed with legal procedures if necessary.

Jang emphasized, "Properly recovering money owed to the company and managing it so that no debts are left neglected for an unnecessarily long period is also an important part of management," adding, "Going forward, we will manage debts according to principles and standards."

According to StarNews's verification, Jang Dong-jo has actually filed a civil lawsuit regarding unpaid debts and received a court ruling.

According to a ruling by the Seoul Central District Court, Jang won a lawsuit related to rights fees filed in October 2023 against Representative A of a furniture design company. At the time, the court ordered Representative A's side to pay Jang Dong-jo the principal amount along with delayed damages calculated at an annual rate of 12% from September 10, 2023, until the date of full repayment.

Additionally, Jang filed a lawsuit for the recovery of guaranteed debt against Representative A in October 2024, and the court accepted Jang's claim in May of last year. This ruling also ordered Representative A to pay the principal amount along with delayed damages calculated at an annual rate of 12% from September 10, 2023, until the date of full repayment.

Woo-Sun Group, led by Jang Dong-jo, plans to initiate systematic recovery procedures for debts that have accumulated in the past, including those for which court rulings have been obtained.

Furthermore, Woo-Sun Group intends to manage repayment feasibility from the stage of debt occurrence and take active legal action against debts that remain uncollected for long periods.

Jang stated, "Recovering the company's money is not intended to cause harm to anyone, but is a basic management activity to protect the company's stakeholders, including employees and investors," adding, "For Woo-Sun Group to grow into a larger enterprise in the future, we must resolve past unresolved issues one by one."

He continued, "As the representative director, I believe that properly managing the company's assets and building a solid financial foundation is one of the most important responsibilities," revealing, "Going forward, rather than showy management, we will continue to manage in a way that substantively increases the company's value and strengthens financial stability."

Meanwhile, Jang Dong-jo began his acting career with the play 'A Midsummer Night's Dream' in 2012. He subsequently appeared in numerous works, including the dramas 'School 2017,' 'Revenge: Back to School,' 'Mr. Substitute Teacher,' 'I'll Be Your Night,' and 'Trigger,' as well as the films 'Honest Candidate,' 'Count,' and 'Handsome Guys.' He also continued his activities as an actor by appearing in the SBS drama 'I'm Human Starting Today,' which ended in February.

However, Jang Dong-jo suddenly announced his retirement from acting in May of last year, drawing attention. At the time, he explained the reason for his retirement, stating, "Out of approximately 4 billion won in debt incurred from Daejeon-related hacking and threats, I have repaid over 3 billion won, but still owe about 0.8 billion won, making it difficult to continue normal acting activities."

Since then, he has expanded his scope of activity as a creator and business figure, taking on new challenges. In particular, in July of last year, he signed an exclusive contract with Universe Label, a YouTube live content company led by Ryu Jae-yeong (CEO), laying the groundwork for his comeback. After the contract, Jang Dong-jo made his first appearance on Spartacus Label's live broadcast operated by Universe Label. It is reported that he recorded approximately 20 million won in sponsorships during that single live stream.

He also performed well on TikTok. Within just three weeks of starting live broadcasts, Jang advanced to the A1 League and won live matches against celebrity-turned-creator figures such as actor Park Si-hoo and singer-producer MC Mong. It was reported that he had earned an average daily income of about 1 million won and a monthly average of 30 to 4 billion won through TikTok Live.

At the time, Jang Dong-jo demonstrated his firm resolve to repay all remaining debts while active in various fields. He stated, "Right now, my biggest goal is to do my best in any task and definitely repay all remaining debts," adding, "After fulfilling all responsibilities, if given the opportunity, I also have a desire to return as actor Jang Dong-jo."

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*This content was translated by AI.