I am not making this up. It's straight from Wall Street Journal.
http://blogs.wsj.com/moneybeat/2013/...leman-release/
Quote:
Psy’s family members also seem to be benefiting from his success. Much as when “Gangnam Style” was released, there has been a surge in the share price of semiconductor manufacturer D.I. Corp. 003160.SE +14.66%—whose chairman is Psy’s father, Park Won-ho. It was limit-up 15% on Tuesday, taking the gain since “Gentleman” landed to more than 35%.
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How the two is related is beyond me.
A Music Video and a semiconductor manufacturer D.I. Corp. It's not like PSY will help his father run the company better. Oh, the same thing happened to this company when Gangnam Style was released too.
http://www.bloomberg.com/quote/003160:KS
Market Cap (M KRW) 418,707.72
And this is a company with a market cap of $400 million.
Look at the 1Y chart and see the huge increase around the time of Gangnam Style (and the subsequent collapse in November). I guess history is repeating itself.