Jung Woo-sung, Lee Jung-jae Form Entertainment Agency

Lee Jung-jae (left) and Jung Woo-sung

Top stars Jung Woo-sung and Lee Jung-jae have set up their own entertainment agency named Artist Company.

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"Jeong and Lee, who have been colleagues and close friends for a long time, decided to establish the company after much consideration and discussion", the agency said in a press release on Thursday. 

The pair said they would make the most of their experience of over 20 years in showbiz to create a reputable company.

Now in their mid-40s, Jeong and Lee are still very popular and actively working on many film projects.