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I think it's an exaggeration to say this event was the end of the company. E.g. we don't say GM ended because it went through a bankruptcy. Kongo gumi still co
by jalapenos 2y ago
I think it's an exaggeration to say this event was the end of the company. E.g. we don't say GM ended because it went through a bankruptcy.
Kongo gumi still continued operating even though it went through a restructuring, so it's fair to say it's still the oldest company in the world.
Just it's no longer the oldest family business in the world - that ended when direct Kongo control of it ended, although I hear they still have a ceremonial involvement with the company.
- gradschoolfail 2y agoIts not that much of an exaggeration if you consider that the original Construction purpose is gone. E.g. Ford no longer making cars but still trading shares of Car companies would not be itself considered a continuation of Henry Ford’s original setup.
- jalapenos 2y agoDo you have a source that they're no longer in construction?
- gradschoolfail 2y agoOP was quoting wikipedia which also says that business+chief+employees were transferred to a new company Shin-Kongo (ie “New Kongo”). So it depends on what you mean by “they”, the company with the old name Kongo Gumi is no longer in construction, but otherwise the company with the new name Shin Kongo is, as a subsidiary of another conglomerate. Bloomberg also had an article https://archive.is/rLnnH https://archive.is/rLnnH