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John Yoo Jan 7
Chairman of Samsung is probably dead but we are all pretending he is alive because if he dies, the country will probably go into an economic death-spiral. A thread.
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John Yoo Jan 7
Replying to @oniontaker
Samsung usually accounts for 20% of the exports of the entire country of South Korea. As a single group, it's a conglomerate with either large or controlling market share in tech, construction, finance & insurance, hospitality, security, travel, food, retail producing 12% of GDP.
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John Yoo Jan 7
Replying to @oniontaker
That's just the business interests that we publicly know about. Yes, almost $1 in every $5 in the country brought in from abroad is by Samsung. If you live in Korea, you will know that smaller companies are set up specifically by entrepreneurs to supply Samsung. Those are the
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John Yoo Jan 7
Replying to @oniontaker
"independent" business owners that have risks/costs so high or margins so thin that a conglomerate like Samsung can't be assed to do themselves. Consumers might find alternative products quick but those small businesses will collapse within months. Samsung is too big to fail.
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John Yoo Jan 7
Replying to @oniontaker
Enter Korean tax code. Korea has 50% inheritance tax on assets above $2.5m. When Lee Gunhee dies, his family will owe the government $7b. The family will have to sell personal stakes of Samsung-controlled assets, weakening the strong, complex investment structure they built.
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John Yoo Jan 7
Replying to @oniontaker
It is a fact that Chairman Lee Gunhee suffered a heart attack in 2014 and was hospitalized. Nobody with an identity but close family members have reported seeing him. People who claimed he was dead have either disappeated or been arrested. When his death was reported in 2014,
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John Yoo Jan 7
Replying to @oniontaker
the entire country flipped and the story was deleted because the news site said that the whistleblower disappeared. It's been five years and nobody can tell us his condition with certainty. Nobody has seem him. He is practically dead to the public - whether he is legally... idk
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John Yoo
If I stop tweeting at some point before his death is revealed, especially if someone has suicided me, know that it was the long arm of the Lees that came around to silence me.
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John Yoo Jan 7
Replying to @oniontaker
Anyway, here's how much of market capitalisation Samsung has in Korea. 41% of it a single entity More than all the other chaebol conglomerates combined.
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John Yoo Jan 8
Replying to @oniontaker
Ok, so you guys are missing the most important connection in this family because you recognise CJ and SSG. SAMSUNG and the Lees explicitly have mainstream news media outlets. It's one of the reasons why LGH married Hong Rahee. For chaebols, marriage is a strategic alliance.
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John Yoo Jan 8
Replying to @oniontaker
So there's a true story about one celebrity, an actress, who married into the Samsung dynasty without offering any of the huge strategic benefits - basically joining the ruling class after being a court jester. A thread?
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John Yoo Jan 7
Replying to @oniontaker
This is conspiracy thread for internet joke. It could not be true hahaha.
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my.tw.account Jan 7
Replying to @oniontaker
Wtf did i just read 🙂
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déls Jan 7
Replying to @oniontaker
omg you better hide yourself nowwwww
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Possum Picnic Jan 7
Replying to @oniontaker
Enough of us have seen your thread that I would like to think it will keep you safe, especially if it isn't an uncommon, but mostly unspoken, theory.
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💜Vanessa💚 Jan 7
Replying to @oniontaker
Suicide: is the act of intentionally causing one's own death. So nobody can suicide you but yourself.
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John Yoo Jan 7
Replying to @Vane_Arcia
That's the idea. Korea has a history of whistleblowers and "troublemakers" committing suicide in suspicious circumstances. When it's an open secret that someone powerful probably did it to someone else, we call it "to be suicided".
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runescape player? Jan 7
Replying to @oniontaker
This last fuckin tweet sent my sides into orbit
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