DI Corporation
| Type | Pub |
|---|---|
| Traded as | KRX: 074130 |
| Industry | Semiconductors |
| Founded | June 10, 1955[1] |
| Headquarters | 58-6, Nonhyun-Dong, Gangnam-gu, Seoul, South Korea |
| Key people | Park Won-ho (Executive Chairman) |
| Products | Memory & Logic Burn-In Tester, Wafer Test Board |
| Employees | 107 |
DI Corporation is a South Korean company involved in the trade and supply of semiconductors and computer chips. DI stands for Dongil.[2]
Contents |
Ownership [edit]
Its executive chairman is Park Won-ho, father of the K-Pop artist PSY, who released the song Gangnam Style in July 2012.
PSY, together with his father, uncle and grandmother own a combined 30 percent of the company.[3] The company's headquarters are located in Gangnam District, Seoul.
History [edit]
The company was established on June 10, 1955.[1]
It was listed on the Korea Stock Exchange in 1996.[1]
In 2003, it expanded and began operations overseas with the establishment of DI Japan Corp.[1]
[edit]
According to Reuters, the company's market capitalization had doubled in value after the release of Gangnam Style, surging to 113.5 billion won ($101.29 million) in late September, 2012. [4] Its stock price has also doubled in value since the release of the song.[5]
In October 2012, Bloomberg L.P. reported that the "father-son connection" to the "Gangnam Style" music video has triggered an almost 500 percent rally in shares of DI Corporation.[6] The Economist compared its remarkable surge in share prices with stock market bubbles such as the 17th century Tulip mania.[7]
By the end of 2012, shares of DI corporation have surged eightfold since the release of the song.[3]
External links [edit]
- Official website of DI Corporation
References [edit]
- ^ a b c d "KSIA Korea Semiconductor Industry Association". Korea Semiconductor Industry Association. Retrieved 19 December 2012.
- ^ What does DI stand for?
- ^ a b "PSY's riches from 'Gangnam Style' not made at home". Associated Press. Retrieved 6 December 2012.
- ^ ""Gangnam Style" hit doubles value of Psy's father's stock". Reuters. Retrieved 18 October 2012.
- ^ Grossman, Samantha. "‘Gangnam Style’ Doubles the Value of PSY’s Father’s Company". Time Magazine. Retrieved 18 October 2012.
- ^ "‘Gangnam Style’ Link Spurs DI Surge: Chart of the Day". Bloomberg. Retrieved 18 October 2012.
- ^ "Investing "Gangnam Style"". The Economist. Retrieved 18 October 2012.
