Taiwan tycoon to serve 5 years and 9 months in prison for food safety scandal

TAIPEI (Taiwan News) – Wei Ying-chun (魏應充), one of four brothers who own Ting Hsin International Group, will serve five years and nine months in prison for his part in food safety scandals invol...

Six-time Taiwan pro baseball league champion team up for sale

Taipei (CNA) - Six-time Taiwan professional baseball league championship team the Lamigo Monkeys created a bombshell Wednesday when its owner announced that the team is being put up for sale. The d...

FamilyMart seeks to end China partnership with Taiwan’s Ting Hsin

TAIPEI (Taiwan News) – Japanese convenience store franchise FamilyMart is reportedly suing to sever cooperation ties with the scandal-embroiled Taiwanese conglomerate Ting Hsin International (頂新...

Parole approved for Taiwan tycoon jailed in food safety scandal

TAIPEI (Taiwan News) – Ting Hsin International (頂新) tycoon Wei Ying-chun (魏應充) will soon be out of prison after serving more than 500 days of a two-year prison sentence for his role in food safe...

Band mocks 7 Taiwan brands that lost ground after entering China market

TAIPEI (Taiwan News) -- In the wake of the controversy swirling around Taiwan's "bread master" Wu Pao-chun (吳寶春) after he kowtowed to China in an attempt to save his branch in Shanghai, ...

China's state-owned Cosco takes over Port of Kaohsiung: report

TAIPEI (Taiwan News) -- It appears that China's state-run shipping and logistics giant China Ocean Shipping Company (Cosco) could now own the Port of Kaohsiung, the largest harbor in Taiwan, thoug...

Taiwan rejects parole for Ting Hsin tycoon jailed in food safety scandal

TAIPEI (Taiwan News) – Tycoon Wei Ying-chun’s (魏應充) application for parole after serving half of his two-year prison sentence for his role in food safety scandals has been rejected because...

Japan’s Itochu completes takeover of major share in Taipei 101

TAIPEI (Taiwan News) – Japanese trading house Itochu Corporation (伊藤忠) has completed its acquisition of scandal-stricken Ting Hsin International’s (頂新集團) 37.17-percent stake in Taipei 101 ...

Confidante of Taiwan president to take over as Taipei 101 president: reports

TAIPEI (Taiwan News) – Angela Chang (張振亞), a former chief executive director of President Tsai Ing-wen’s (蔡英文) Thinking Taiwan Foundation (小英基金會), is set to be elected president of Taipei ...

Taiwan tycoons return to jail after holiday

TAIPEI (Taiwan News) – Tycoons Wei Ying-chun (魏應充) and Jack Sun (孫道存) returned to prison Tuesday following a 64-hour break for the Dragon Boat Festival. Both are serving time at a minimum-sec...

Taiwan tycoon out of jail for Dragon Boat holiday

TAIPEI (Taiwan News) – Tycoon Jack Sun (孫道存) left prison Saturday to spend the Dragon Boat Festival at home despite only having started a three-year prison sentence for embezzlement last Septemb...

Taiwan court unexpectedly sentences food tycoon to 15 years

TAIPEI (Taiwan News) – The Taiwan High Court in Taichung on Friday overturned a lower court not-guilty verdict and sentences Ting Hsin International (頂新) tycoon Wei Ying-chun (魏應充) to 15 years i...

35 Taiwan tycoons listed on Forbes' World Billionaires list

TAIPEI (Taiwan News) - Forbes has released its annual World's Billionaires list on Tuesday, with 35 of Taiwan's wealthiest tycoons in the list, including Foxconn Chairman Terry Gou (郭台銘), who ...

Taiwan ex-president wins NT$1.8 million in lawsuit against political commentator

TAIPEI (Taiwan News) -- According to a Taiwan High Court ruling on Tuesday, media personality Clara Chou (周玉蔻) was sentenced to pay the former President of Taiwan Ma Ying-jeou (馬英九) NT$1.8 million (US...

Itochu of Japan wants to buy stake in Taipei 101

TAIPEI (Taiwan News) – Japanese group Itochu Corporation (伊藤忠) was applying to buy the iconic Taipei 101, Taiwan’s tallest building, the government’s Investment Commission (投審會) said...