DI Corporation

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DI Corpo
Type Pub
Traded as KRX: 003160
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]

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]

Meteoric rise of share prices[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]

References[edit]

  1. ^ a b c d "KSIA Korea Semiconductor Industry Association". Korea Semiconductor Industry Association. Retrieved 19 December 2012. 
  2. ^ What does DI stand for?
  3. ^ a b "PSY's riches from 'Gangnam Style' not made at home". Associated Press. Retrieved 6 December 2012. 
  4. ^ ""Gangnam Style" hit doubles value of Psy's father's stock". Reuters. 25 September 2012. Retrieved 18 October 2012. 
  5. ^ Grossman, Samantha (28 September 2012). "‘Gangnam Style’ Doubles the Value of PSY’s Father’s Company". Time Magazine. Retrieved 18 October 2012. 
  6. ^ "‘Gangnam Style’ Link Spurs DI Surge: Chart of the Day". Bloomberg. Retrieved 18 October 2012. 
  7. ^ "Investing "Gangnam Style"". The Economist. 2 October 2012. Retrieved 18 October 2012.