Rain & SATEC

Not too long ago South Korean singer Rain purchased SATEC Corporation and signed a 4-year agreement. Following this, SATEC Corp. will not only be comprehensively responsible for Rain's singing and acting activitiies, but will also devote efforts into raising up potential new stars, targeting and developing itself as a comprehensive entertainment company. It is reported that based on the signing of the agreement, the division of income between Rain and SATEC Corp. will be carried out according to the proportion of 6:4 or 7:3. When top South Korean entertainers sign such agreements the appropriation of profit mostly will be as low as 8:2, even the proportion of 10:0 or 11:0 is not rare, but for the stability of SATEC Corporation's income and financial structures Rain is not focusing on seeking out the biggest benefit for himself.

Source: Sina Entertainment