3 ms·
Yes, Samsung is going to suffer, that's certain. But failing, as in going bankrupt? No. They are simply too important for South Korea to let them go bankrupt.
by sveme 10y ago
Yes, Samsung is going to suffer, that's certain. But failing, as in going bankrupt? No. They are simply too important for South Korea to let them go bankrupt.
But you backpedalled on that point already as well, and no one, even the biggest fanboy, would argue that they are not going to have large problems. Like every large company somewhere on its track.
- samfisher83 10y agoThey are too big to fail. Worst case the government would step in and bail them out. If they failed the all their suppliers would be hurt it would be shockwave through the Korean economy. Same reason why US bailed out AIG, GM, etc.
- takeda 10y agoIt's even bigger than that. Samsung generates 17% of South Korea's GDP.