October 3, 2012

'Gangnam Style' disrupts Korea's Super-Rich hierarchy


Just when I start to wonder how far can 'Gangnam Style' goes, this happens. After conquering Youtube, Psy syndrome has now disrupted Korea's Richest Businessman list as Yang Hyun Suk, CEO of YG Entertainments moved from being 130th richest person in stockholding in South Korea for owning $117 million to 49th richest person as his stocked increased to 340.2 billion won which is triple the amount he used to own.

This event has nothing short of meteoric and most of us have foreseen that this will happen, it was just a matter of time. SM Entertainment's Lee Soo Man on the other hand finished at 64th place with 262.2 billion won worth of shares according to www.chaebul.com .

While Samsung's charmain Lee Kun Hee remains as the country's richest stockholder with his shares valued at  11 trillion won ( approximately $9.8 billion).

Well now Psy you have the right to brag about this if you want to but Psy is nothing like that. Psy is humble with his (too) many achievements and regardless the fact that he did not get to no.1 on the billboard chart today he still insisted to hold a free concert tonight for his fans as he said that his fans are the most important. Yeap, we agree fans do have the ability to increase stocks prices; they are consumers after  all. Hands down if you have at least one product from Samsung!

(source : ebuzz, korea times)

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