Taiwan’s Tsai Ing-wen wants to recover rival Kuomintang assets, report says

(From UPI)

By Elizabeth Shim

Tsai Ing-wen, Taiwan’s first female president-elect, could be taking an active approach to recovering the assets of the Kuomintang party, her political rival.

Tsai Ing-wen

Tsai Ing-wen

Tsai’s aides have said the Kuomintang’s assets, valued at more than $760 million, were seized after World War II from Taiwan’s colonizer Japan, The Wall Street Journal reported.

The assets under Kuomintang control include a five-star hotel in Palau, South Korean network JTBC reported.

Tsai’s advisers told press the assets belong to the country, because they were accumulated during a dictatorship that lasted for about four decades.

The recovery of Kuomintang assets is a priority for Tsai, they said.

Tsai’s policy is a departure from her Democratic Progressive Party predecessor Chen Shui-bian‘s priorities. Chen served as president between 2000 and 2008.

Unlike Chen, the president-elect could also bring her policies before a parliament where the DPP now occupies more than half the seats.

China has been watching the elections carefully; Beijing does not recognize Taiwan as a sovereign state.

Beijing had been carefully cultivating ties with the defeated Kuomintang, but Tsai’s victory is raising new questions. Read more

Categories: Asia Times News & Features, China

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