Former actor Jang Dong Joo is moving into business full time as Wooseon Group begins preparing for a possible initial public offering, or IPO.
After recently announcing his retirement from acting, Jang Dong Joo is starting a new chapter as a businessman and creator while leading Wooseon Group.
On September 21, Jang Dong Joo said the company is developing a mid to long term growth strategy as it begins preparations aimed at eventually taking the group public.
He explained that he plans to build on the experience he gained in entertainment, content production, academies, and agency businesses.
*“Based on my experience in content and entertainment through my acting career, as well as academy and agency businesses, we are expanding and developing our businesses while broadening Wooseon Group's portfolio into areas including investment, culture and arts, and space-related businesses,”* he said.
Wooseon Group currently operates several subsidiaries across different industries, including investment, accommodation, performing arts, acting education, and other businesses.
According to Jang Dong Joo, the group plans to strengthen cooperation among its companies while expanding into areas that can complement its existing operations.
Wooseon Group also said it is working to strengthen its current businesses while actively seeking outside investment.
The company plans to invest further in businesses with growth potential, including content-related projects, while working with strategic partners and investors.
Mergers and acquisitions are also being considered as part of the group's longer-term strategy. Wooseon Group is looking at companies and businesses that could create opportunities across entertainment, culture and arts, investment, property, and hospitality.
Jang Dong Joo reportedly gained early exposure to company management through his father, Jang Myung Chun, who has operated World General Construction for decades. He has maintained an interest in investment, business development, and corporate growth alongside his previous acting career.
With his acting chapter now closed, Jang Dong Joo is focusing on expanding Wooseon Group and preparing the company for its next stage of growth, including a potential IPO.
