Gangnam Style ... K-pop star Psy.

Gangnam Style ... K-pop star Psy. Photo: Getty Images

South Korean pop sensation PSY, rap superstar JAY-Z and Russian punk rockers Pussy Riot have been shortlisted for Time magazine's 2012 Person of the Year.

Editors unveiled a list of 38 contenders for the honour this week and Fifty Shades of Grey author E L James, Olympic gymnast Gabby Douglas and comedians Stephen Colbert and Jon Stewart have all made the cut.

Also nominated are US President Barack Obama and his former White House rival, Republican Mitt Romney, as well as dissident Chinese artist/activist Ai Weiwei and Pakistani teenager Malala Yousafzai, who was shot by Taliban extremists who disagreed with her equal rights beliefs.

The winner will be chosen by the magazine's editors and revealed on December 14.

`The Protester' was named last year's Person of the Year as a tribute to those protesters bringing change across the Arab world and the anti-corporate greed demonstrations in the West.

- With WENN

DailyStyle