Alexa
  • Directory of Taiwan

KMT to dispose of party assets by end of June

KMT to dispose of party assets by end of June

Taipei, Dec. 30 (CNA) The Kuomintang (KMT) will dispose of its assets by next June and transform the party into an "election machine," a party official said Wednesday.
KMT Secretary-General King Pu-tsung said the Central Investment Holding Co., the only party asset that has been put in trust, will be auctioned off by June after two previous failures.
King said that political parties operating businesses were not acceptable amid contemporary democratic trends in any free and democratic country, which is why President and KMT Chairman Ma Ying-jeou has also repeatedly called for party-run businesses to be ended as soon as possible.
King said the party's transformation is not a response to persistent criticism but rather a move made out of necessity.
"If the party does not re-engineer itself, it will not be able to develop in a sustainable way," King said.
The opposition alleges that the KMT's assets were illegally amassed during its decades of authoritarian rule in the second half of the 20th century when the lines between state and party were blurred.
King said the party will be turned into a powerful election machine revolving around the organization department, which will be complemented by a publicity department. The party's organization and development department will be restructured and its staff streamlined.
The party's funding will come from government subsidies for political parties , membership fees and donations, he said.
On the upcoming by-elections for three legislative seats in Taoyuan, Taichung and Taitung counties on Jan. 9, King said they will be "uphill battles." But he said the popularity of the KMT candidate in Taoyuan County is growing.
On by-elections for four legislative seats to be held on Feb. 27, he said the KMT has only decided on recruiting professor Lin Teh-jui from National Chung Cheng University to run for the seat in Chiayi County. The candidates for the races in Hualien, Hsinchu and Taoyuan counties will be announced later.
Asked about the higher profile mayoral elections for five special municipalities in late 2010, he said the KMT has yet to decide its candidates but vowed that the screening process will be "as fair as possible, and will not be influenced by under-the-table deals." (By Lee Hsu-hua and Lilian Wu)




Updated : 2021-07-25 10:30 GMT+08:00