Terry Gou, founder of Apple supplier Foxconn , in a surprise move on Mo...
), in a surprise move on Monday said he will not contest in Taiwan’s 2020 presidential election.
Gou, Taiwan’s richest person with a net worth of $7.6 billion according to Forbes, said in a statement late on Monday he would not join the already competitive race, after losing the presidential nomination from the opposition, China-friendly Kuomintang party in mid-July. Gou’s decision was a surprise to many amid widespread expectations he could run for the presidency as an independent, a move that could have complicated President Tsai Ing-wen’s re-election bid and spelled trouble for KMT, whose presidential candidate, Han Kuo-yu, is struggling in opinion polls.
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