The World's Oldest Company has been active!!!
The World's Oldest Company has been active!!!
Faced many disastersAccording to Interesting Engineering, business went on, because religion never goes out of style. About 80 per cent of the company's revenue comes from Buddhist temples. The company may be the world's oldest and most resilient, having survived several natural disasters, political crisis, and the two atomic bombs that rocked japan during World war II.The company slipped from the Kongo family in the 1980sThe company is no longer in the hands of the Congolese family. Due to the collapse in the 1980s, the company became a subsidiary of Takamatsu Construction Group. In the 1980s, the bank of japan kept interest rates extremely low - creating a property bubble of sorts. With this, the companies took on more debt than they had repaid. When the bubble burst, all companies had debt. And so the centuries-old legacy of Kongo Gumi was effectively buried.
Faced many disastersAccording to Interesting Engineering, business went on, because religion never goes out of style. About 80 per cent of the company's revenue comes from Buddhist temples. The company may be the world's oldest and most resilient, having survived several natural disasters, political crisis, and the two atomic bombs that rocked japan during World war II.The company slipped from the Kongo family in the 1980sThe company is no longer in the hands of the Congolese family. Due to the collapse in the 1980s, the company became a subsidiary of Takamatsu Construction Group. In the 1980s, the bank of japan kept interest rates extremely low - creating a property bubble of sorts. With this, the companies took on more debt than they had repaid. When the bubble burst, all companies had debt. And so the centuries-old legacy of Kongo Gumi was effectively buried.