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Strange and unusual
Our photographers sometimes capture moments that are strange and offbeat. Here's a recent sampling. Slideshow
UPDATE 6-In New York, defiant Ahmadinejad says Israel will be 'eliminated'
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China carrier a show of force as Japan tension festers
In New York, defiant Ahmadinejad says Israel will be "eliminated"
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Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography. See more | Photo caption
A look inside China's Communist leadership academy. Slideshow
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"Gangnam Style" hit doubles value of Psy's father's stock
South Korea's Ahn gets poll bounce, to moderate tone on big business
Thu, Sep 20 2012
UPDATE 2-South Korean software mogul to stand for presidency
Wed, Sep 19 2012
Samsung strikes new Note after Apple suit
Wed, Aug 29 2012
Oddly Enough »
Korean rapper-singer Psy performs on NBC's ''Today'' show in New York in this September 14, 2012 file photograph. A pop star whose song ''Gangnam Style'' became the first Korean hit to top Apple's music download charts has also worked his magic on his father's software firm, helping it double in value since singer and dancer Psy burst onto the global scene in July. Psy's father, Park Won-ho, is the chairman and controlling shareholder of South Korean semiconductor company D I Corp and its market capitalisation has surged to 113.5 billion won (62.4 million pounds) on the main Seoul bourse, making it as of September 25, 2012. the 459th most valuable stock measured by size.
Credit: Reuters/Brendan McDermid/Files
Tue Sep 25, 2012 12:09am EDT
SEOUL (Reuters) - A pop star whose song "Gangnam Style" became the first Korean hit to top Apple's music download charts has also worked his magic on his father's software firm, helping it double in value since singer and dancer Psy burst onto the global scene in July.
Psy's father, Park Won-ho, is the chairman and controlling shareholder of South Korean semiconductor company D I Corp and its market capitalization has surged to 113.5 billion won ($101.29 million) on the main Seoul bourse, making it as of Tuesday the 459th most valuable stock measured by size.
Psy's "Gangnam Style", which mocks the rampant consumerism of a rich Seoul suburb, went viral on video-sharing website Youtube. The video has been viewed more than 267 million times on Youtube since it was released in mid-July.
"The positive sentiment from 'Gangnam Style' has attracted investors just because of the fact that the company is owned by Psy's father and uncle," said Lee Sun-tae, a researcher at NH Investment and Securities, who added Psy is not a shareholder in the company.
"The popularity will slowly dissolve in time, naturally."
South Korea's legion of retail investors, mainly middle-aged people, tend to jump on speculative stocks.
Software millionaire Ahn Cheol-soo, who this month announced he would run for the country's presidency, saw the value of his company Ahnlab Inc.'s shares slide after his bid.
Ahnlab stock was down 30 percent on Tuesday compared with its closing level a week ago, just a day before he made his announcement.
($1 = 1120.5250 Korean won)
(Reporting by Christine Kim; Editing by David Chance and Daniel Magnowski)
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