YG Entertainment saw their market capitalization spike over the past few months due to rising popularity of global phenomenon Psy and his song "Gangnam Style" overseas.

Yang Hyun Suk shares of YG Entertainment value has reached 219.5 billion won, up 67 percent.

Thus allowing Yang Hyun Suk to become the richest celebrity in South Korea, in terms of stock value surpassing Lee Soo Man the head of SM Entertainment.

"Gangnam Style" became a global sensation just a few months after its debut, with its music video spawning a series of copycat videos and parodies on the Internet. And in became the most viewed YouTube video ever as it surpasses 1.1 billion views.