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.
SEA WARNING LIKELY: The storm, named Gaemi, could become a moderate typhoon on Wednesday or Thursday, with the Taipei City Government preparing for flooding A tropical depression east of the Philippines developed into a tropical storm named Gaemi at 2pm yesterday, and was moving toward eastern Taiwan, the Central Weather Administration (CWA) said. Gaemi could begin to affect Taiwan proper on Tuesday, lasting until Friday, and could develop into a moderate typhoon on Wednesday or Thursday, it said. A sea warning for Gaemi could be issued as early as Tuesday morning, it added. Gaemi, the third tropical storm in the Pacific Ocean this typhoon season, is projected to begin moving northwest today, and be closest to Taiwan on Wednesday or Thursday, the agency said. Today, there would likely
CHIPS AND DEFENSE: Trump said the US had lost its chip business and Taipei should pay it for defense, and added that ‘we’re no different than an insurance company’ Taiwan-US relations are solid, and both sides are in agreement that peace and stability in the Taiwan Strait and the Indo-Pacific region are everyone’s concern, Premier Cho Jung-tai (卓榮泰) said yesterday following comments by former US president Donald Trump that Taiwan “should pay” for US defense. Taiwan is thankful to the US for supporting Taiwan’s bid to participate in international organizations, Cho told a news conference in Taipei. “I know the people very well, respect them greatly. They did take about 100 percent of our chip business,” Trump told Bloomberg on June 25 in an interview that was published on Tuesday. “I think
SHOW OF SUPPORT: Taiwan has been one of the largest buyers of US defense equipment, supporting American businesses and jobs, US lawmakers said Taiwan has been paying for its own defense, a US Department of State official said on Wednesday, adding that purchases of military equipment are important to the US economy and for ensuring regional security. State Department spokesman Matthew Miller was asked at a news conference about comments by former US president Donald Trump, the Republican nominee in November’s US presidential election, who said during an interview with Bloomberg Businessweek that Taiwan should pay Washington for its defense needs. “The purchases that they [Taiwan] have made not only are important, we believe, to regional security, but are important to the United States economy,”
Hsu Wen-erh (許汶而) on Friday became the first Taiwanese to swim solo across the English Channel, saying she was very happy to bring Taiwan to the world. Hsu completed the challenge in 12 hours, 17 minutes and eight seconds, after swimming across the Strait of Gibraltar in October last year. She said she had planned to swim the English Channel in August next year, but seized the opportunity when a vacancy became available on the waiting list. She went to the UK in May to train for a test that involves swimming for six hours at 16°C, which people who want to swim