• UnderpantsWeevil@lemmy.world
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    8 days ago

    Haha. Love a suffocating conglomerate that has privatized all my country’s domestic utilities and critical infrastructure. Lolz.

    Great add. 5/7. tips fedora

    • kunaltyagi@programming.dev
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      7 days ago

      Most “family” businesses (like Chaebols in Korea, Keiretsu in Japan) are diversified to reduce risk.

      This is in fair contrast to vertical integration often seen in Western companies (and also some rare instances when the state orders it) who only diversify when opportunities arise, not for risk reduction.

  • Kevin@programming.dev
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    8 days ago

    It’s genuinely impressive how many domains they’ve conglomerated into, I’d compare them to Samsung. Kinda helps that the family is more of the industrialist kind rather than the pure corpo kind, though I really wouldn’t be surprised if they had controversies of their own