Kaohsiung Mayor Han Kuo-yu’s (韓國瑜) presidential campaign is deceiving people regarding his wealth and property holdings, Democratic Progressive Party (DPP) members said yesterday, calling on the Chinese Nationalist Party’s (KMT) candidate to drop the “everyman” image, as he has reportedly lived in luxury apartments in Taipei.
DPP Taipei City Councilor Ruan Jhao-syong (阮昭雄) said that Han should drop the pretense and not use litigation to silence the media and critics, following a report by the Chinese-language Next Magazine that Han’s family owns an apartment near Daan Forest Park (大安森林公園).
Next Magazine quoted residents of the apartment complex as saying that from 1996 to 2009 Han and his wife, Lee Chia-fen (李佳芬), lived there with their three children and drove a Jaguar.
During that time, the couple registered ownership of other properties in Taipei and in New Taipei City’s Banciao District (板橋), as well as a mansion in Yunlin County, the magazine said.
“Han lived in a Taipei luxury condominium and at the same time was buying and selling other properties,” Ruan said.
“It is clear that Han was engaged in real-estate speculation, which hikes up housing prices,” he said. “This shows that Han is not a ‘common person,’ but a wealthy man who owned several luxury condos.”
Other media have reported that Lee Pei-fen (李佩芬), Lee Chia-fen’s younger sister, in 1996 purchased a 60 ping (198m2) luxury condo near Daan Forest Park for about NT$30 million (US$982,833 at the current exchange rate) and sold it in 2006 for about NT$60 million.
“How did Lee Pei-fen have NT$30 million in 1996 to buy a condo? Why did she not live in it, but loan it to Han and his wife? It does not make sense. It raises many questions,” Ruan said.
Lee Pei-fen was apparently only the owner on paper and Han was the one who paid the money, Ruan said, adding that as a three-term KMT legislator from 1993 to 2002, Han had the political clout and guanxi (關係, “relationships”) to obtain mortgages at favorable rates.
“We have seen that Han is a wealthy man and not the ‘common folk’ he has claimed to be,” DPP Legislator Chou Chun-mi (周春米) said.
“However, Han’s office on Wednesday filed a lawsuit at the Taipei Prosecutors’ Office, accusing Ruan and Next Magazine of defamation to stop people from questioning his assets,” Chou said.
“Being a public figure, Han should engage with the media and explain things, but instead he accuses people of defamation and hides behind litigation,” Chou said. “Han took leave from his job as Kaohsiung mayor to avoid the scrutiny of city councilors and now, during his presidential campaign, he is hiding behind the judiciary to avoid public scrutiny.”
In a statement on Monday about Han’s lawsuit, Next Magazine said: “The property holdings of presidential candidates are open to public scrutiny, as has been done in the past and reported on.”
Taiwan has received more than US$70 million in royalties as of the end of last year from developing the F-16V jet as countries worldwide purchase or upgrade to this popular model, government and military officials said on Saturday. Taiwan funded the development of the F-16V jet and ended up the sole investor as other countries withdrew from the program. Now the F-16V is increasingly popular and countries must pay Taiwan a percentage in royalties when they purchase new F-16V aircraft or upgrade older F-16 models. The next five years are expected to be the peak for these royalties, with Taiwan potentially earning
STAY IN YOUR LANE: As the US and Israel attack Iran, the ministry has warned China not to overstep by including Taiwanese citizens in its evacuation orders The Ministry of Foreign Affairs (MOFA) yesterday rebuked a statement by China’s embassy in Israel that it would evacuate Taiwanese holders of Chinese travel documents from Israel amid the latter’s escalating conflict with Iran. Tensions have risen across the Middle East in the wake of US and Israeli airstrikes on Iran beginning Saturday. China subsequently issued an evacuation notice for its citizens. In a news release, the Chinese embassy in Israel said holders of “Taiwan compatriot permits (台胞證)” issued to Taiwanese nationals by Chinese authorities for travel to China — could register for evacuation to Egypt. In Taipei, the ministry yesterday said Taiwan
Taiwan is awaiting official notification from the US regarding the status of the Agreement on Reciprocal Trade (ART) after the US Supreme Court ruled US President Donald Trump's global tariffs unconstitutional. Speaking to reporters before a legislative hearing today, Premier Cho Jung-tai (卓榮泰) said that Taiwan's negotiation team remains focused on ensuring that the bilateral trade deal remains intact despite the legal challenge to Trump's tariff policy. "The US has pledged to notify its trade partners once the subsequent administrative and legal processes are finalized, and that certainly includes Taiwan," Cho said when asked about opposition parties’ doubts that the ART was
If China chose to invade Taiwan tomorrow, it would only have to sever three undersea fiber-optic cable clusters to cause a data blackout, Jason Hsu (許毓仁), a senior fellow at the Hudson Institute and former Chinese Nationalist Party (KMT) legislator, told a US security panel yesterday. In a Taiwan contingency, cable disruption would be one of the earliest preinvasion actions and the signal that escalation had begun, he said, adding that Taiwan’s current cable repair capabilities are insufficient. The US-China Economic and Security Review Commission (USCC) yesterday held a hearing on US-China Competition Under the Sea, with Hsu speaking on