World star Psy ranked number 1 on the "Music Bank" 2012 Closing Chart.

Today on KBS "Music Bank," Psy's "Gangnam Style" won this year's best song.

This song was first released back in July and took the world by storm. He won first place on "Music Bank" for 10 weeks in a row as well.

Psy has been gaining worldwide attention and is currently working on his first international album that will be released sometime next year.

He also just became the first video to surpass billion views on YouTube and is ranked number 1 for most watched video.