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‘Gangnam Style’ Tells Economic Truth of Our Day

Oct. 16 (Bloomberg) -- It isn’t every day that the finance minister of a major nation mentions a rap star when talking up his economy. But then South Korea isn’t your average economy and Psy isn’t your usual entertainer.

Bahk Jae Wan did that in an Oct. 9 interview. South Korea’s top economic official cited the singer of the global smash hit “Gangnam Style” as an example of the kind of creativity and international competitiveness the country needs. It wasn’t a laugh line. It was a plea for South Koreans to let their hair down and dream a bit.