Rain has shut down rumors of his parting ways with his agency’s rookie boy group Ciipher. On November 29, one news outlet reported that Rain was stepping down from his position as CEO of Rain Company, where he personally produced the boy group Ciipher last year. The report also claimed that Rain would be transferring
On November 29, one news outlet reported that Rain was stepping down from his position as CEO of Rain Company, where he personally produced the boy group Ciipher last year. The report also claimed that Rain would be transferring Ciipher’s management rights to another agency.
However, Rain Company firmly denied the report, stating, “The exclusive report that was published by a news outlet today is entirely groundless.” “It is not true that Rain is stepping down from his position as CEO of the agency or that Ciipher’s management rights have been transferred to another agency,” continued the agency, emphasizing, “We are letting you know that there has been absolutely no discussion whatsoever related to Ciipher moving to another agency.”
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