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Foxconn Billionaire Terry Gou Drops Taiwan Presidential Bid
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Foxconn Billionaire Terry Gou Drops Taiwan Presidential Bid
(Bloomberg) -- Terry Gou, the billionaire founder of Foxconn Technology Group, said he won’t contest next year’s presidential election in Taiwan, a move that may help unite the opposition Kuomintang party.Gou’s campaign office said in a statement late Monday that he wouldn’t join the race as an independent. He withdrew from the KMT last week and was widely expected to announce a presidential run ahead of the Tuesday deadline for registration.Gou’s candidacy threatened to sap support for the KMT’s Han Kuo-yu, who will challenge President Tsai Ing-wen in the Jan. 11 election. KMT leaders including Tsai’s predecessor, Ma Ying-jeou, had urged Gou to support their nominee and help return the China-friendly party to power.To contact the reporter on this story: Debby Wu in Taipei at dwu278@bloomberg.netTo contact the editors responsible for this story: Daniel Ten Kate at dtenkate@bloomberg.net, Tony JordanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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