Gou's Taiwan presidential bid stalls over mainland ties

Populist Kaohsiung mayor emerges as formidable rival to Foxconn chief

20190513N Gou

Foxconn Chairman Terry Gou made a splash with his decision to seek a presidential nomination from the Beijing-friendly Kuomintang. © Reuters

KENSAKU IHARA, Nikkei staff writer

TAIPEI -- Foxconn Chairman Terry Gou, who was once seen as a likely front-runner in Taiwan's presidential election, is struggling to expand support as his sprawling business empire on the mainland raises concerns about his priorities.

Gou's business experience was expected to become a great asset when he announced his bid in April. Gou founded Foxconn, formally Hon Hai Precision Industry, in 1974 and has turned it into a major Apple supplier that reported sales revenue of 5.29 trillion New Taiwan dollars ($171 billion) for 2018.

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