Psy to Perform at American Music Awards

The American Music Awards will go "Gangnam Style" Sunday night.

Korean rapper Psy, also known as Park Jae-Sang, is being honored at the annual event as 2012's new media honoree for his massive cyber success.

He will also perform live at the event.

He will receive a trophy for international smash hit single, which is now the second most-viewed YouTube video of all time after Justin Bieber's "Baby."

The 40th annual American Music Awards airs Sunday at 8 p.m.