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Tech Tycoon Terry Gou Loses KMT Nomination to Popular New Taipei City Mayor

Supporters of the opposition party Kuomintang (KMT) celebrate the preliminary results of the local elections during a rally in Taipei, Taiwan November 26, 2022. REUTERS/Carlos Garcia Rawlins
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Overview

  • The Kuomintang party selected the mayor of New Taipei City, Hou Yu-ih, as their presidential candidate over Foxconn founder Terry Gou.
  • The KMT favors closer ties with China while Taiwan's ruling party supports the island's independent identity.
  • Tensions between Taiwan and China have increased ahead of next year's presidential election.
  • Hou won re-election as mayor last year in a landslide victory for the KMT.
  • Gou was considered the frontrunner for the KMT nomination before losing to the popular Hou.