'Gangnam Style' hit doubles value of Psy's father's stock

Psy who is on course to become the first South Korean star to make the UK top ten - and is threatening to become a surprise number one. (PA)

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, Park Won-ho, is the chairman and controlling shareholder of South Korean semiconductor company D I Corp (003160.KS) and its market capitalization has surged to 113.5 billion won ($101.29 million) on the main Seoul bourse, making it as of Tuesday the 459th most valuable stock measured by size.

Reuters