DI Corporation is a South Korean company involved in the manufacture and supply of semiconductors test equipments and computer chips. DI stands for Dongil.

Ownership

Its executive chairman is Park Won-ho, father of the

K-Pop K-pop (), short for Korean popular music, is a form of popular music originating in South Korea as part of South Korean culture. It includes styles and genres from around the world, such as pop, hip hop, R&B, experimental, rock, jazz, gos ...

artist

PSY Park Jae-sang (, ; born December 31, 1977), known professionally as Psy (stylized in all caps as PSY) (; ; ), is a South Korean singer, rapper, songwriter, and record producer. Psy is known domestically for his humorous videos and stage per ...

, who released the song "

Gangnam Style "Gangnam Style" ( ko, 강남스타일, ) is a K-pop song by South Korean rapper Psy, released on July 15, 2012, by YG Entertainment as the lead single of his sixth studio album, ''Psy 6 (Six Rules), Part 1'' (''Ssai Yukgap Part 1''). The term ...

" in July 2012. PSY, together with his father, uncle and grandmother own a combined 30 percent of the company. The company's headquarters are located in

Gangnam District Gangnam District ( ; , ) is one of the 25 local government districts which make up the city of Seoul, South Korea. Gangnam translates to "South of the (Han) River". Gangnam District is the third largest district in Seoul, with an area of . A ...

, Seoul.

History

The company was established on June 10, 1955. It was listed on the Korea Stock Exchange in 1996. In 2003, it expanded and began operations overseas with the establishment of DI Japan Corp.

Meteoric rise of share prices

According to

Reuters Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was estab ...

, the company's market capitalization doubled in value after the release of "

", surging to 113.5 billion won ($101.29 million) in late September, 2012. In October 2012,

Bloomberg L.P. Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was co-founded by Michael Bloomberg in 1981, with Thomas Secunda, Duncan MacMillan (Bloomberg), Duncan MacMi ...

reported that the "father-son connection" to the "Gangnam Style" music video has triggered an almost 500 percent rally in shares of DI Corporation.

The Economist ''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Econo ...

compared its remarkable surge in share prices with stock market bubbles such as the 17th century

Tulip mania Tulip mania ( nl, tulpenmanie) was a period during the Dutch Golden Age when contract prices for some bulbs of the recently introduced and fashionable tulip reached extraordinarily high levels. The major acceleration started in 1634 and then ...

. By the end of 2012, shares of DI corporation have surged eightfold since the release of the song.

External links

* Official website o
DI Corporation

References

{{reflist Companies of South Korea Companies based in Seoul Electronics companies established in 1955 Semiconductor companies of South Korea South Korean brands Companies listed on the Korea Exchange South Korean companies established in 1955