Time Magazine’s Person of the Year Thu-29-Nov-12 10:21 Share this Tell Us What You Think WTF 0 LOL 0 FAIL 0 OMG 0 HOT 0 CUTE 0 ] South Korean pop sensation PSY and rap superstar Jay-Z have been shortlisted for Time magazine's 2012 Person of the Year.Also among the 38 contenders being considered for the honour are Fifty Shades of Grey author E.L. James, U.S. President Barack Obama and his former White House rival, Republican Mitt Romney.The winner will be chosen by Time editors and revealed on 14 December. You May Also Like 50 Shades Of Grey memes Are Beyonce and Jay-Z on the rocks? Are Beyonce and Jay-Z planning their demise? Beyonce & Jay-Z have had their baby - it's a girl! Become a fan of The Edge on Facebook and on Twitter .