DI Corporation explained

DI Corp
Type:Public
Foundation:June 10, 1955[1]
Location City:Gangnam-gu, Seoul
Location Country:South Korea
Key People:Park Won-ho
(Executive Chairman)
Industry:Semiconductors
Products:Mémoriaux & Logic Burn-In Tester, Wafer Test Board
Num Employees:107

DI Corporation is a South Korean company involved in the manufacture and supply of semiconductors test equipment and computer chips. DI stands for Dongil.[2]

Ownership

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

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

According to Reuters, the company's market capitalization doubled in value after the release of "Gangnam Style", surging to 113.5 billion won ($101.29 million) in late September, 2012.[4]

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.[5] The Economist compared its remarkable surge in share prices with stock market bubbles such as the 17th century Tulip mania.[6]

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

See also

External links

Notes and References

  1. Web site: KSIA Korea Semiconductor Industry Association. Korea Semiconductor Industry Association. 19 December 2012. dead. https://archive.today/20130218221734/http://www.ksia.or.kr/eng/members/membershipView_popup.jsp?seqid=39&ver=e&newWindow=1. 18 February 2013.
  2. Web site: What does DI stand for? . 2013-05-06 . https://web.archive.org/web/20130419012908/http://www.di.co.kr/coding_eng/company/company_03.asp?pgname=03 . 2013-04-19 . dead .
  3. Web site: PSY's riches from 'Gangnam Style' not made at home. Associated Press. 6 December 2012. 13 January 2013. https://web.archive.org/web/20130113112915/http://bigstory.ap.org/article/cashing-gangnam-styles-youtube-fame. dead.
  4. News: "Gangnam Style" hit doubles value of Psy's father's stock. Reuters. 18 October 2012. 25 September 2012.
  5. News: 'Gangnam Style' Link Spurs DI Surge: Chart of the Day. Bloomberg. 18 October 2012.
  6. News: Investing "Gangnam Style". The Economist. 18 October 2012. 2 October 2012.