Psy was signed to a label by Scooter Braun. Scooter manages several artists such as Justin Beiber and Carly Rae Jepson. He has 2 labels: Schoolboy Records and Raymond-Braun Media Group.
Psy is popular in Korea and now he has the opportunity to make it big in the US. I think it's great. He has already received a ton of publicity in the US because "Gangnam Style" was being shown on many media outlets. As of today, September 5, "Gangnam Style" has received over 100 million views!
Here's the announcement from Psy's official YouTube channel:
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