Ralph Jennings

Associated Press

Terry Gou, former chair of Foxconn.

Ex-Foxconn Chief Not Picked for 2020 Run

Terry Gou, the billionaire former Foxconn head, came in No. 2 in the field of five candidates.

Terry Gou, chairman of the world's largest contract assembler of consumer electronics, during a press conference at the Nationalist Party’s headquarters in Taipei, Taiwan, Wednesday, April 17, 2019. Gou said Wednesday he intends to run for president of Taiwan, bringing his pro-business and China-friendly policies to what is expected to be a crowded field for next year's election.

Foxconn's Gou to Run for President

"If I am not chosen, it means I didn't work hard enough," he said.

This file photo shows a Taiwanese Air Force fighter aircraft, left, near a Chinese People's Liberation Army Air Force H6-K bomber that reportedly flew over the Luzon Strait south of Taiwan during an exercise.

Taiwan Boosts Arms Production as China's Warnings Loom

Although the U.S. is legally bound to help defend Taiwan and is its main arms supplier, the country is replacing those deals with domestic production.

Taiwan will soon start mandating two-day weekends for its long-suffering workforce. The changed labor standards reflect desires for better work-life balance in this affluent, industrialized island.

Taiwan Law Shortens Work Week

The reforms met resistance from employers used to demanding their staff work long and odd hours to meet customers' fast shifting demands.