DI Corp
TypePublic
KRX: 003160
IndustrySemiconductors
FoundedJune 10, 1955[1]
Headquarters
Gangnam-gu, Seoul
,
South Korea
Key people
Park Won-ho
(Executive Chairman)
ProductsMémoriaux & Logic Burn-In Tester, Wafer Test Board
Number of 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.[3]

References

  1. 1 2 3 4 "KSIA Korea Semiconductor Industry Association". Korea Semiconductor Industry Association. Archived from the original on 18 February 2013. Retrieved 19 December 2012.
  2. ↑ "What does DI stand for?". Archived from the original on 2013-04-19. Retrieved 2013-05-06.
  3. 1 2 "PSY's riches from 'Gangnam Style' not made at home". Associated Press. Archived from the original on 13 January 2013. Retrieved 6 December 2012.
  4. ↑ ""Gangnam Style" hit doubles value of Psy's father's stock". Reuters. 25 September 2012. Retrieved 18 October 2012.
  5. ↑ "'Gangnam Style' Link Spurs DI Surge: Chart of the Day". Bloomberg. Retrieved 18 October 2012.
  6. ↑ "Investing "Gangnam Style"". The Economist. 2 October 2012. Retrieved 18 October 2012.
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