Chester Koo (
The news of his death comes just two weeks after
Koo retired as head of China Life.
The Koo family, one of Taiwan's richest with interests ranging from cement to communications, made an official announcement yesterday afternoon.
Nelson Chang (張安平), chief operating officer of GigaMedia, has been appointed to temporarily act as the broadband Internet service provider's chairman, the statement said.
Koo, 49, and his father Koo Chen-fu (
Koo Chen-fu, chairman of Koos Group (
In light of Chester Koo's death, China Life shares fell as much as 3.1 percent to NT$9.55 in early Taiwan trading. But the shares soon recovered to NT$10.20 at around 10am before closed at NT$9.85.
A Taiwan Cement Corp (
Meanwhile, the question of who would lead a proposed joint venture between GigaMedia and Star TV, a satellite television unit of the US-based News Corp, remains unknown. Earlier this month, the two announced a US$100 million venture to provide interactive TV service in Taiwan late next year or early 2003. Both companies were to hold equal shares in the venture with Chester Koo designated to chair the new entity.
‘NO SECURITY RISK’: The Railway Bureau reassured the public that the technicians’ activities were limited to technical guidance and did not involve sensitive systems The Railway Bureau yesterday said it had invited eight Chinese technicians to assist with an airport MRT construction project. The bureau issued the confirmation after an Internet user said Chinese nationals had entered the construction zone of Taiwan Taoyuan International Airport’s Terminal 3 project. They asked why “individuals from an enemy state” were allowed access to such a major national infrastructure project, which raised serious concerns over Taiwan’s industrial safety, sensitive systems and information security. The bureau’s Northern Region Engineering Branch Office said subcontractor Taiwan Handle Industrial Co (台灣手把工業) of the Taoyuan airport MRT’s “Contract No. CU05 Project A14 Station Civil, MEP &
A US uncrewed surface vessel (USV) encountered multiple Chinese warships during an autonomous transit of the Taiwan Strait, US defense company Seasats said in a statement on Wednesday. Seasats announced that a Lightfish USV had completed the first autonomous transit of the Taiwan Strait. Over five days, the USV traversed the entire length of the Strait while constantly monitoring surface vessel traffic, the company said. The Lightfish encountered multiple Chinese warships, one of which was a Chinese People’s Liberation Army Navy (PLAN) Type 056 corvette, it said. The Chinese vessels were operating “well within Taiwan’s exclusive economic zone without transmitting their identity via the
Taiwan is still in the process of assessing the possibility of recruiting workers from Eswatini, the Ministry of Foreign Affairs said yesterday, adding that its goal is to help Eswatini upgrade its vocational training centers. If there are plans to recruit workers from Eswatini, safeguarding national security, protecting public health and ensuring the employment rights of Taiwanese would be prerequisites, Department of West Asian and African Affairs Director-General Yen Chia-liang (顏嘉良) told a news conference. Key considerations would also include filling labor shortages in specific industries, and fostering bilateral professional and technical exchanges, he said. Yen was asked about the progress of labor
The nation’s usually punctual high-speed rail system yesterday was hit by major disruptions after all scheduled services were canceled and replaced with three hourly trains offering only non-reserved seating, affecting more than 200,000 passengers. Preliminary findings indicate the disruption was caused by a faulty power module in a track switch control cabinet, Taiwan High-Speed Rail Corp (THSRC) said, adding that as a full system inspection could only be conducted after operations end for the day, a decision on whether normal service would resume today would be announced before the first train departs. During a routine inspection early yesterday, a switch signal abnormality
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