South Korea Gangnam Style Business

December 5, 2012 - 7:33 AM
FILE - In this Nov. 28, 2012 file photo, South Korean rapper PSY, who sings the popular "Gangnam Style," greets Thai fans after a press conference in Bangkok, Thailand. As "Gangnam Style" gallops toward 1 billion views on YouTube, the first Asian pop artist to capture a massive global audience has gotten richer click by click. So too has his agent and his grandmother. But the money from music sales isn't flowing in from the rapper's homeland South Korea or elsewhere in Asia. With one song, 34-year-old Park Jae-sang — better known as PSY — is set to become a millionaire from YouTube ads and iTunes downloads, underlining a shift in how money is being made in the music business. (AP Photo/Sakchai Lalit, File)