"Gangnam Style" hit doubles value of Psy’s father’s stock


File photo of Korean rapper-singer Psy performing in New YorkSEOUL (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. …

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Former Iranian president's son jailed: report

TEHRAN, Sept. 24 (Xinhua) — Iran’s judiciary has jailed the son of Iran’s former president Akbar Hashemi-Rafsanjani, the official IRNA news agency reported on Monday. Mehdi Hashemi, who returned to Iran from Britain on Sunday, was summoned to a judiciary center in Tehran and was jailed for investigation on the […]