By Kim Tong-hyung
It seems that the Internet’s most popular dance has shaken up the hierarchy of Korea’s super-rich. Entertainment mogul Yang Hyun-suk is galloping up the chart of the country’s wealthiest businessmen, according to latest financial figures. Signing Psy, now an international rap sensation thanks to the immensely popular song ‘Gangnam Style,’ has clearly been his best move ever as founder and head of YG Entertainment.
Yang’s shares in YG were valued at around 130 billion won (about $117 million) at the end of January, making him the country’s 130th richest person in stock holdings. The company’s share prices have increased by a staggering 162 percent since, owing to the release of ‘Gangnam Style’ and the outbreak of the invisible horse-riding epidemic.