Control Yuan member Huang Huang-hsiung (黃煌雄) yesterday publicized the findings of his investigation into the Chinese Nationalist Party’s (KMT) party assets that spanned 14 years and six months, calling the KMT assets “the Ring” — alluding to an object with strong, alluring powers that is hard to give up, from The Lord of the Rings.
A two-term Control Yuan member who has not been nominated to serve another term, Huang told a press conference in Taipei that he wanted to finalize the case before leaving the post as he does “not expect that there will be another member who will continue the task.”
“The KMT’s party assets are the product of an authoritarian party-state and have to be terminated for the soundness and consolidation of Taiwan’s party politics and, thereby, its democracy,” he said. “Of all the democratic countries in the world, there is no other democracy that has been troubled by a party’s assets for more than 20 years.”
He and other members who worked on the case have summarized the party’s assets into three types that they believe are of questionable origin: 114 houses and their bases that were taken over from the Japanese colonial government, 19 theaters turned over to the party for its management by the provincial special administration that was in operation from 1945 to 1947, and at least 79 public properties and 34 buildings given by local governments to the party as gifts.
More than 14 years of investigations have witnessed the party announcing its willingness to return the properties whose origins have been in doubt and actually returning some of them, Huang said.
“But the process is not complete,” he added, saying that President Ma Ying-jeou (馬英九) — who claimed in 2005 in his capacity as party chairman that the KMT would have the party-asset issue settled by 2008 — “is guilty of dereliction of duty.”
Huang said that Ma, compared with his predecessors, is probably the KMT party chairman that has exhibited the most positive attitude toward returning party assets and was once the most resolute, “but it is now 2014 and his promise has not yet been made good.”
The legislation process for regulations on political parties’ assets procured through illegitimate means has also been encountering setbacks, according to Huang.
The draft act proposed by the Executive Yuan when the Democratic Progressive Party was in power was three times sent to the Legislative Yuan, where the KMT was the majority as it is now, but every time failed to be scheduled by the Procedure Committee to be referred to the related standing committee for deliberation.
After the KMT returned to power, there have been only two meetings at the legislature’s joint committee session, in 2012, to discuss related regulations, and no result has been achieved, Huang said.
“Only when ‘the Ring’ disappears from Taiwan’s political scene can the political playing field be leveled and the spirit of social justice be materialized,” he said.
NEXT GENERATION: The four plants in the Central Taiwan Science Park, designated Fab 25, would consist of four 1.4-nanometer wafer manufacturing plants, TSMC said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) plans to begin construction of four new plants later this year, with the aim to officially launch production of 2-nanometer semiconductor wafers by late 2028, Central Taiwan Science Park Bureau director-general Hsu Maw-shin (許茂新) said. Hsu made the announcement at an event on Friday evening celebrating the Central Taiwan Science Park’s 22nd anniversary. The second phase of the park’s expansion would commence with the initial construction of water detention ponds and other structures aimed at soil and water conservation, Hsu said. TSMC has officially leased the land, with the Central Taiwan Science Park having handed over the
AUKUS: The Australian Ambassador to the US said his country is working with the Pentagon and he is confident that submarine issues will be resolved Australian Ambassador to the US Kevin Rudd on Friday said that if Taiwan were to fall to China’s occupation, it would unleash China’s military capacities and capabilities more broadly. He also said his country is working with the Pentagon on the US Department of Defense’s review of the AUKUS submarine project and is confident that all issues raised will be resolved. Rudd, who served as Australian prime minister from 2007 to 2010 and for three months in 2013, made the remarks at the Aspen Security Forum in Colorado and stressed the longstanding US-Australia alliance and his close relationship with the US Undersecretary
‘WORLD WAR III’: Republican Representative Marjorie Taylor Greene said the aid would inflame tensions, but her amendment was rejected 421 votes against six The US House of Representatives on Friday passed the Department of Defense Appropriations Act for fiscal 2026, which includes US$500 million for Taiwan. The bill, which totals US$831.5 billion in discretionary spending, passed in a 221-209 vote. According to the bill, the funds for Taiwan would be administered by the US Defense Security Cooperation Agency and would remain available through Sept. 30, 2027, for the Taiwan Security Cooperation Initiative. The legislation authorizes the US Secretary of Defense, with the agreement of the US Secretary of State, to use the funds to assist Taiwan in procuring defense articles and services, and military training. Republican Representative
TAIWAN IS TAIWAN: US Representative Tom Tiffany said the amendment was not controversial, as ‘Taiwan is not — nor has it ever been — part of Communist China’ The US House of Representatives on Friday passed an amendment banning the US Department of Defense from creating, buying or displaying any map that shows Taiwan as part of the People’s Republic of China (PRC). The “Honest Maps” amendment was approved in a voice vote on Friday as part of the Department of Defense Appropriations Act for the 2026 fiscal year. The amendment prohibits using any funds from the act to create, buy or display maps that show Taiwan, Kinmen, Matsu, Penghu, Wuciou (烏坵), Green Island (綠島) or Orchid Island (Lanyu, 蘭嶼) as part of the PRC. The act includes US$831.5 billion in