Gangnam Style hit doubles value of Psy's father's stock
SEOUL (REUTERS) - A pop star whose song Gangnam Style became the first Korean hit to top Apple's music download charts has also worked his magic on his father's software firm, helping it double in value since singer and dancer Psy burst onto the global scene in July.
Psy's father, Mr Park Won-ho, is the chairman and controlling shareholder of South Korean semiconductor company D I Corp and its market capitalisation has surged to 113.5 billion won (S$125 million) on the main Seoul bourse, making it as of Tuesday the 459th most valuable stock measured by size.
Psy's Gangnam Style, which mocks the rampant consumerism of a rich Seoul suburb, went viral on video-sharing website Youtube.
The video has been viewed more than 267 million times on Youtube since it was released in mid-July.