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They 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
by samfisher83 10y ago
They 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.