‘Gangnam Style’ Tells Economic Truth of Our Day

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Oct. 16 (Bloomberg) -- It isn’t every day that the financeminister of a major nation mentions a rap star when talking uphis economy. But then South Korea isn’t your average economy andPsy isn’t your usual entertainer.

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