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’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