The British travel agency Thomas Cook recently fired the company and laid off about 21,000 of their skilled workers worldwide and ended the company for almost 178 years. In 2018, the company had just £ 9.5m in revenue, before losing the company in 2019, and lost € 163m. In the second half of 2013, another £ 1.5 billion was lost, and the company was eventually ousted.
A few years later, Europe’s leading industrial companies such as Lehman Brothers Saab Automobile, General Motors; Compaq, Sears, Companies such as Blockbuster had until the debt was canceled or sold.
According to one study, most businesses can achieve great success in just two decades. Also, in the United States, the average annual turnover of a company has been around 50 years, from 1920 to 67 years, today the average operating time of a company is just 15 years. Worldwide, there are a total of 5,500 companies over 200 years old.
Most of the companies that have owned more than 200 years are in Japan, and the number is more than 3,000 in this country alone. Then, 837 from Germany, 222 from the Netherlands, and France with 1963 respectively. Japan, Asia’s largest economy, also owns about 21,000 companies for more than 100 years and more than 1,000 years. This time, I would like to share with you one of the oldest companies still operating in the world around 1400 years ago and still operating today.
This company is Kongo Gumi Construction Company. The company is 1,400 years old and is located in Japan. Shigemitsu Kongo, a Buddhist construction company that built and renovated a Buddhist temple, came to Korea from Japan to build a temple.
He arrived in Japan around 578 AD at the invitation of the government to build the first Japanese Buddhist temple in Shitennoji. At that time, as Prince Shotoku and his Buddhist temple were being built almost immediately in Japan, Japanese specialists like Shigemitsu Kongo needed specialists. So economically minded Shigemitsu Kongo founded a labor company and started a construction company called Kongo Gumi in Japan.