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Politics

Foxconn's Gou announces bid for Taiwan's presidency in 2020

Billionaire to seek nomination of China-friendly Kuomintang

Terry Gou, founder and chairman of Foxconn, attends an event that marks the 40th anniversary of the Taiwan Relations Act, in Taipei on April 16.   © Reuters

TAIPEI -- Foxconn founder Terry Gou said on Wednesday he would run for Taiwan's presidency in 2020, as support for President Tsai Ing-wen erodes amid rising economic disparity and increased tensions with Beijing.

The billionaire businessman, who is expected to campaign on a more China friendly platform, will seek the nomination of the opposition Kuomintang. He said he had made his decision to run after divine intervention during a visit to the temple of sea goddess, Mazu, on Wednesday morning.

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