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Rain Reportedly Resigning as CEO & Transferring Management of Ciipher to Another Agency

Rain will reportedly resign as the CEO of his label and is preparing to transfer the management of the K-pop boy group Ciipher to another agency. Rain Company has since addressed the news.

Rain Reportedly Resigning as CEO & Transferring Management of Ciipher to Another Agency

On Nov. 29, Star News released an exclusive report revealing that Rain will step down from his position as the CEO of Rain Company and that he will hand over the right to manage Ciipher to another entertainment label.

Rain

(Photo : Instagram: @rain_oppa)
Rain Reportedly Resigning as CEO & Transferring Management of Ciipher to Another Agency

The media outlet added that while he will no longer manage Ciipher, Rain will continue working with the group as the producer for their future albums. The article further said that the singer-actor decided that someone with more expertise than himself should manage the group, as he knows they would be able to make them grow more effectively.

Rain

(Photo : Instagram: @rain_oppa)
Rain Reportedly Resigning as CEO & Transferring Management of Ciipher to Another Agency

Not long after, a representative from Rain Company told TV Daily, “The report that Rain resigned from his agency’s position and transferred the right to manage Ciipher to another label is baseless.”

Ciipher

(Photo : Instagram: @ciipher_official)
Rain Reportedly Resigning as CEO & Transferring Management of Ciipher to Another Agency

The official continued, “This is a story that is not true at all. Rain will not leave, and there is no plan for Ciipher to move to another agency.”

Ciipher made their debut under Rain Company in March 2021, gaining attention as the fourth-generation K-pop group produced by veteran singer Rain. Additionally, the group became a hot topic since two of its members- Dohwan and Keita- are known to be former contestants of YG Entertainment’s boy group survival show “YG Treasure Box.” The other members Hyunbin, Tan, Hwi, Tag, and Won.

Ciipher The Code

(Photo : Twitter: @RAIN_Ciipher)
Rain Reportedly Resigning as CEO & Transferring Management of Ciipher to Another Agency

Since their debut, Rain has closely monitored and supported them, personally hosting Ciipher’s debut showcase and appearing on variety shows with them. Additionally, Rain’s wife Kim Tae Hee starred in Ciipher’s “I Like You” music video.

Ciipher’s Latest Comeback With “The Code”

As of this writing, Ciipher has made two comebacks since their debut in March 2021. Their latest one took place on May 11 when they dropped their third extended play “The Code.”

Ciipher The Code

(Photo : Twitter: @RAIN_Ciipher)
Rain Reportedly Resigning as CEO & Transferring Management of Ciipher to Another Agency

“The Code” is led by the title track “Fame,” a future pop genre dance song that has the first clue in which Ciipher goes beyond a maze, which one can’t see the end of, to break the code and enter a new world. The track expresses the resolution of not losing hope while continuing to move forward even in tough situations.

Ciipher The Code

(Photo : Twitter: @RAIN_Ciipher)
Rain Reportedly Resigning as CEO & Transferring Management of Ciipher to Another Agency

With their third EP, Ciipher achieved their second-highest first-week sales on the Hanteo Chart. The mini-album sold a total of 9,460 copies from May 11 to 16. Their highest first-week sales record to date is held by their second mini-album “BLIND,” which sold a total of 17,292 copies.

According to the tracklist shown above, Ciipher members TAG, WON, and Keita also participated in the production of the B-side tracks.

In the week of May 8 to 14, “The Code” debuted at No. 8 on the Circle Album Chart. It also debuted on the Retail Album Chart at No. 13 with a total of 3,659 copies sold.

For more K-Pop news and updates, keep your tabs open here at KpopStarz.

KpopStarz owns this article

Written by Maria Scott

Credit: KpopStarz

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