{"id":6337,"date":"2012-10-15T09:00:21","date_gmt":"2012-10-15T13:00:21","guid":{"rendered":"http:\/\/www.Centives.net\/S\/?p=6337"},"modified":"2012-10-15T05:46:52","modified_gmt":"2012-10-15T09:46:52","slug":"gangnam-style-stock-markets","status":"publish","type":"post","link":"https:\/\/www.Centives.net\/S\/2012\/gangnam-style-stock-markets\/","title":{"rendered":"Gangnam Style Stock Markets"},"content":{"rendered":"<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/10\/101412_2343_GangnamStyl1.jpg\" alt=\"\" width=\"639\" height=\"541\" \/><\/p>\n<p><a href=\"http:\/\/en.wikipedia.org\/wiki\/Gangnam_Style\">Gangnam Style<\/a> is a music video that has gone viral, and there is a lot that it tells us about Korean stock markets:<\/p>\n<ul>\n<li>Despite losing money over the past year a Korean firm called DI has seen its share price jump almost 500%. The reason? The chairman&#8217;s son is the creator of Gangnam Style.<\/li>\n<li>This development should make no difference to how the company performs. Yet Korea has a history of unimportant things causing wide swings in the stock market.<\/li>\n<li>If the child of a company&#8217;s CEO marries into the right family, then the company can expect to see gains in the market.<\/li>\n<li>Or, if a person is seen in a photograph with an important politician, they too can expect to see a rise in their company&#8217;s performance.<\/li>\n<li>These gains are generally temporary, and the stock soon comes back down to earth.<\/li>\n<li>Some investors have taken to exploit this quirk of the Korean stock exchange to spread small pieces of seemingly innocuous and false information to make quick gains.<\/li>\n<\/ul>\n<p>Read more about the ants behind the phenomenon, and examples of the wild swings in Korea&#8217;s market over <a href=\"http:\/\/www.economist.com\/blogs\/banyan\/2012\/10\/investing-gangnam-style?fsrc=scn\/tw_ec\/bubbly_pop\">here<\/a>.<\/p>\n<p>Source: <a href=\"http:\/\/www.economist.com\/blogs\/banyan\/2012\/10\/investing-gangnam-style?fsrc=scn\/tw_ec\/bubbly_pop\">The Economist<\/a><\/p>\n<p>Via: <a href=\"http:\/\/marginalrevolution.com\/marginalrevolution\/2012\/10\/stock-bubbles-gangnam-style.html\">Marginal Revolution<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gangnam Style is a music video that has gone viral, and there is a lot that it tells us about Korean stock markets: Despite losing money over the past year a Korean firm called DI has seen its share price jump almost 500%. The reason? The chairman&#8217;s son is the creator of Gangnam Style. This [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6336,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily-bulletin"],"jetpack_featured_media_url":"https:\/\/www.Centives.net\/S\/wp-content\/uploads\/2012\/10\/101412_2343_GangnamStyl1.jpg","_links":{"self":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/6337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/comments?post=6337"}],"version-history":[{"count":4,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/6337\/revisions"}],"predecessor-version":[{"id":6349,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/posts\/6337\/revisions\/6349"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media\/6336"}],"wp:attachment":[{"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/media?parent=6337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/categories?post=6337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.Centives.net\/S\/wp-json\/wp\/v2\/tags?post=6337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}