DI Corporation is a South Korean company involved in the manufacture and supply of semiconductors test equipment and computer chips. DI stands for Dongil.
Ownership
Its executive chairman is Park Won-ho, father of the
K-Pop
K-pop (; an abbreviation of "Korean popular music") is a form of popular music originating in South Korea. It emerged in the 1990s as a form of youth subculture, with Korean musicians taking influence from Western Electronic dance music, danc ...
artist
PSY
Park Jae-sang (; born December 31, 1977), better known by his stage name Psy ( ; ), is a South Korean rapper and singer-songwriter, known domestically for his humorous music videos and stage performances and internationally for his hit singl ...
, who released the song "
Gangnam Style
"Gangnam Style" () is a K-pop song by South Korean singer 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 "Gangnam Style" is a n ...
" 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 districts of Seoul, South Korea. The term ''Gangnam'' translates to "South of the Han River". Gangnam District is the third largest district in Seoul, with an area of . As of the 2024 census, Gangna ...
, 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. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world.
The agency ...
, the company's market capitalization doubled in value after the release of "Gangnam Style
"Gangnam Style" () is a K-pop song by South Korean singer 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 "Gangnam Style" is a n ...
", surging to 113.5 billion won ($101.29 million) in late September, 2012.
In October 2012, Bloomberg L.P.
Bloomberg L.P. is an American 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, Charles Ze ...
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 newspaper published weekly in printed magazine format and daily on Electronic publishing, digital platforms. It publishes stories on topics that include economics, business, geopolitics, technology and culture. M ...
compared its remarkable surge in share prices with stock market bubbles such as the 17th century Tulip mania
Tulip mania () 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 dramatically co ...
.
See also
* Semiconductor industry in South Korea
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